"Sources express their satisfaction with his service, stating: He is experienced, values the clients and provides quality work."
Chambers Global

Overview

Rodolfo Tella is a partner in the Capital Markets and Securities practice of Tauil & Chequer Advogados in the São Paulo office. He advises companies, shareholders, financial institutions and institutional investors in a wide variety of finance, securities and corporate transactions, including equity and debt securities offerings, tender offers, private placements, structured finance transactions, acquisition financing, debt restructuring, project finance, securitization, investment funds and private equity investments.

Rodolfo also advises publicly held companies and financial institutions on financial and securities regulatory matters under the jurisdiction of the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários or CVM), the National Monetary Council (CMN) and the Brazilian Central Bank – BACEN, and self-regulating entities such as B3 (Brazilian stock exchange) and ANBIMA (the Brazilian Capital and Financial Markets Association) and assists companies in registering with the CVM and listing for trading (or migrating to a special trading segment) on B3.

Spoken Languages

  • English
  • Portuguese
  • Spanish

Experience

Recent Equity Offerings

  • Counsel to Banco BTG Pactual S.A. (“BTG Pactual”) in connection with the offer and sale by BTG Pactual Holding S.A. of Units issued by BTG Pactual, with restricted placement efforts in Brazil under the CVM Rule No. 476, dated January 16, 2009 (“CVM Rule 476”), and placement efforts outside Brazil to qualified institutional buyers (as defined under Rule 144A of the United States Securities Act of 1933, as amended (“Securities Act”)) and elsewhere to institutional and other investors that are not U.S. persons (as defined in Regulation S of the Securities Act). Deal value: R$2.2 billion.
  • Counsel to the underwriters (Itaú BBA, Santander, Bradesco BBI, BTG Pactual and Morgan Stanley) in the context of the offering of common shares issued by CPFL Energia S.A. in a global offering consisting of (i) a public offering of common shares with restricted selling efforts, under CVM Rule 476, in Brazil, and (ii) a concurrent international offering of common shares, including in the form of American depositary shares, or ADSs, each of which represents two common shares of the company, in the United States and elsewhere outside of Brazil by the international underwriters. Deal value: R$3.7 billion.
  • Counsel to TOTVS S.A. in connection with the offer, issuance and sale of common shares, with restricted placement efforts under the CVM Rule No. 476 in Brazil, and to qualified institutional buyers (as defined under Rule 144A of the Securities Act and elsewhere to institutional and other investors that are not U.S. persons (as defined in Regulation S of the Securities Act). Deal value: R$1.0 billion.
  • Counsel to the underwriters (Santander, Bradesco BBI, Itaú BBA and BTG Pactual) in connection with the offer, issuance and sale of common shares by Restoque Comércio e Confecções de Roupas S.A., with restricted placement efforts under the CVM Rule No. 476 in Brazil. Deal value: R$259 Million.
  • Counsel to Lojas Americanas S.A. in connection with the offer, issuance and sale of common shares, with restricted placement efforts under the CVM Rule No. 476 in Brazil, and to qualified institutional buyers (as defined under Rule 144A of the Securities Act and elsewhere to institutional and other investors that are not U.S. persons (as defined in Regulation S of the Securities Act). Deal value: R$2.4 billion.
  • Counsel to the underwriters (BTG Pactual, Bank of America, Bradesco BBI and Santander) in connection with the offer, issuance and sale of common shares by Restoque Comércio e Confecções de Roupas S.A., with restricted placement efforts under the CVM Rule No. 476 in Brazil. Deal value: R$148 Million.
  • Counsel to Lojas Americanas S.A. in connection with the offer, issuance and sale of common shares, with restricted placement efforts under the CVM Rule No. 476 in Brazil, and to qualified institutional buyers (as defined under Rule 144A of the Securities Act and elsewhere to institutional and other investors that are not U.S. persons (as defined in Regulation S of the Securities Act). Deal value: R$2.4 billion.
  • Counsel to Metalúrgica Gerdau S.A. in connection with the offer, issuance and sale of common shares, with restricted placement efforts under the CVM Rule No. 476 in Brazil, and to qualified institutional buyers (as defined under Rule 144A of the Securities Act and elsewhere to institutional and other investors that are not U.S. persons (as defined in Regulation S of the Securities Act). Deal value: R$900 Million.
  • Counsel to Valid Soluções e Serviços de Segurança em Meios de Pagamento e de Identificação S.A. in connection with the offer, issuance and sale of common shares, with restricted placement efforts under the CVM Rule No. 476 in Brazil, and to qualified institutional buyers (as defined under Rule 144A of the Securities Act and elsewhere to institutional and other investors that are not U.S. persons (as defined in Regulation S of the Securities Act). Deal value: R$373 Million.
  • Counsel to Oi S.A. in the context of its merger with Portugal Telecom and the offer and sale of its common shares in a global offering consisting of (i) a public offering in Brazil registered with the CVM, under CVM Rule 400, and (ii) a concurrent international offering of common shares, including in the form of American depositary shares, or ADSs in the United States and elsewhere outside of Brazil by the international underwriters. Deal value: R$14 billion.

Recent Equity Tender Offers

  • Counsel to Companhia Siderúrgica Nacional (“CSN”) in connection with the public offering, with restricted placement efforts, of debentures of its 10th issuance, pursuant to CVM Rule 476. Deal value R$2 billion.
  • Counsel to BTG Pactual, as underwriter, in connection with the public offering, with restricted placement efforts, of debentures of the 2th issuance of Cosan S.A., pursuant to CVM Rule 476. Deal value: R$2 billion.
  • Counsel to Eneva S.A. in connection with the public offering, with restricted placement efforts, of debentures of its 2th issuance, pursuant to CVM Rule 476. The debentures of the 3rd series were issued to finance infrastructure projects of the Company and the holders will enjoy tax benefits pursuant Law No. 12,431/11. Deal value: R$2 billion.
  • Counsel to Gerdau S.A. in connection with the public offering, with restricted placement efforts, of debentures of its 15th and 16th issuance, pursuant to CVM Rule 476. Aggregate deal value: R$2.9 Billion.
  • Counsel to Sul América S.A. in connection with the public offering, with restricted placement efforts, of debentures of its 4th, 5th and 6th issuance, pursuant to CVM Rule 476. Aggregate deal value: R$2.2 Billion.
  • Counsel to Santos Brasil Participações S.A. (“Santos Brasil”), BTG Pactual and Banco Itaú BBA S.A in connection with the public offering, with restricted placement efforts, of debentures of the 4th issuance of Santos Brasil, pursuant to CVM Rule 476. Deal value: R$300 million. 
  • Counsel to Carandaí Participações S.A. in connection with the public offering, with restricted placement efforts, of debentures of its 1st issuance, pursuant to CVM Rule 476. Deal value: R$47 million.
  • Counsel to Klabin S.A. in connection with its 6th and 7th issuance of convertible debentures. Aggregate deal value: R$2.5 Billion.
  • Counsel to Metalúrgica Gerdau S.A. in connection with its 5th issuance of convertible debentures. Aggregate deal value: R$450 Million.

Recent International Debt Offering

  • Counsel to CSN Resources S.A, as the issuer, and CSN, as the guarantor, in connection with the issuance of (i) US$600,000,000 7.625% Notes due 2026 and (ii) US$400,000,000 7.625% Notes due 2023.
  • Counsel to CSN Resources S.A., as the issuer and CSN, as the guarantor, in connection with the issuance US$175,000,000 7.625% Notes due 2023.
  • Counsel to Bradesco BBI, BTG Pactual, Citi., Itaú BB, Morgan Stanley and Santander Investment Securities Inc., as the initial purchasers, in connection with the issuance US$750,000,000 5.500% Senior Notes due 2029 by Cosan Limited.
  • Counsel to Ultrapar International S.A. (the “Issuer”), Ultrapar Participações S.A. (“Ultrapar”) and Ipiranga Produtos de Petróleo S.A. (“Ipiranga” and, together with Ultrapar, the “Guarantors”) in connection with the issuance of US$500,000,000 5.250% Notes due 2029.
  • Counsel to Gerdau S.A. in the context of an offer to purchase for cash of the outstanding: (i) 7.000% Bonds due 2020 issued by Gerdau Holdings Inc. (“Gerdau Holdings”); (ii) 5.750% Bonds due 2021 issued by Gerdau Trade Inc. (“GTI”); (iii) 4.750% Bonds due 2023 issued by GTI; (iv) 5.893% Bonds due 2024 issued jointly and severally by GTL Trade Finance Inc. (“GTL” and, together with Gerdau Holdings and GTI, the “Offerors”) and Gerdau Holdings; and (v) 4.875% Bonds due 2027 issued by GTI, for an aggregate purchase price, excluding accrued and unpaid interest, of up to US$1,000,000,000.

Education

Fundação Armando Alvares Penteado (FAAP), Bachelor of Law (JD equivalent)

Fundação Getúlio Vargas (FGV/SP), Extension in Corporate Law and Capital Markets

Admissions

  • Brazil
  • Chambers Global 2019, ranked as “Up and Coming” in Capital Markets. “Sources express their satisfaction with his service, stating: He is experienced, values the clients and provides quality work.”
  • Chambers Latin America 2020, ranked as “Up and Coming” in Capital Markets. One source regards him as "a true partner who is always open to dialogue."
  • Legal 500 - 2020, appointed as “Next Generation Lawyer” in Capital Markets. “Talented younger partner.”
  • IFLR 1000 - 2020, appointed as “Notable Practitioner” in Baking.