São Paulo – A cross-practice team at global law firm Hogan Lovells has advised Cury Construtora e Incorporadora S.A. (B3: CURY3) (“Cury”), one of Brazil’s leading residential real estate developers, on its follow-on equity offering, raising gross proceeds of approximately R$ 600 million. The proceeds of the offering will be used for the payment of dividends in 2025.
The common shares were publicly offered in Brazil under CVM Resolution 160, with coordination from Itaú BBA Assessoria Financeira S.A., BTG Pactual Investment Banking Ltda., Bank of America Merrill Lynch Banco Múltiplo S.A., and Caixa Econômica Federal. The common shares were offered to professional investors in the United States and other countries outside Brazil through international placement agents Itaú BBA USA Securities, Inc., BTG Pactual US Capital, LLC, and BofA Securities, Inc.
Cury’s common shares are listed on the Novo Mercado segment of the B3 – Brasil, Bolsa, Balcão.
The Hogan Lovells team was led by partners Isabel Costa Carvalho and Jonathan Lewis (both Capital Markets, São Paulo), with support from associate Felipe Lacerda (Capital Markets, São Paulo), attorney Leah Mazzuco (São Paulo), visiting international lawyer Fernanda Barros (Mergers & Acquisitions, New York), and law clerk Ana Laura Pongeluppi (Capital Markets, New York). Additional support was provided by partner Scott R. Lilienthal (Tax, Pensions & Benefits, Washington, D.C.), senior counsel Henry Kahn (Mergers & Acquisitions, Baltimore), and senior associate Chasse Osborn (Tax, Pensions & Benefits, Boston).
This transaction reinforces Hogan Lovells’ position as a leading international law firm in Brazil, having advised on half of the follow-on equity offerings in Brazil during 2025 that included international placement efforts.
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