Tauil & Chequer Advogados in association with Mayer Brown,
together with Mayer Brown, advised Orizon VR, a waste valorization
company, in a structured equity transaction with a total potential
amount of BRL1.3 billion (approx. USD 250 million).
The fundraising was carried out through a privately negotiated
investment agreement between Orizon VR’s controlling
shareholders and funds managed by eB Capital, providing for an
equity injection into Orizon VR through a holding company and
through a public offering of shares in Brazil carried out under the
terms of CVM Resolution 160, coupled with an international
placement efforts to institutional investors pursuant to Rule 144A
/ Regulation S under the U.S. Securities Act. Each share sold in
the offering carried, as an additional benefit, a subscription
warrant (bônus de subscrição).
The transaction required seamless coordination between Brazilian
and U.S. securities regulations and the negotiation of a new
shareholders’ agreement granting eB Capital governance rights
aligned with best-practice ESG standards and Orizon VR’s
strategic growth plan.
This marks the first significant deployment by eB Capital’s
Capital Solutions vertical and provides Orizon VR with substantial
capital to accelerate its ecopark developments, biomethane
projects, and landfill-acquisition strategy.
The transaction was led by partner Rodolfo Tella, from the Capital
Markets & Securitization practice, and had the support of
partners Carlos Motta, from the same practice, and Giampaollo
Marzulli, from Tax. The team also included counsel Isabella Giorgi
(Antitrust & Competition) and associates Thiago Coimbra and
Isabella Toledo (Corporate and Mergers & Acquisitions), Julia
Zarth (Banking & Finance), Stephanie Carmo and Camilla Hehnes
(Capital Markets & Securitization), and Raíssa Lopes
(Publicly Held Companies & Corporate Governance).
For Mayer Brown, the following lawyers were involved in the
transaction: partner David Bakst and associate Natália
Minotto, both from the New York office, and counsel Milena
Muradian, from the Los Angeles office, all from the Capital Markets
practice.
PRESS RELEASE
19 May 2025
Tauil & Chequer Advogados And Mayer Brown Advised On Orizon VR’s Structured Follow-on Offering
Tauil & Chequer Advogados in association with Mayer Brown, together with Mayer Brown, advised Orizon VR, a waste valorization company, in a structured equity transaction with a total potential amount...