CVC Invests BRL 75 Million with GJP for Eventual and Future IPO; Appoints New CEO
CVC, the Brazilian travel company, has announced that it has entered an investment contract with GJP Fundo de Investimento em Ações, which is owned by the founder and former controller of the company, Guilherme Paulus, agreeing to invest BRL 75 million in the eventual and future public offering of primary distribution of shares. Paulus’s investment must correspond to up to R$ 3 per share, and he will not participate, directly or indirectly, in the bookshop. The offer must be made within 60 days, in an unorganized over-the-counter market, with the possibility of placement efforts abroad. Furthermore, the gross value of the offer will be at least R$ 200 million, with additional financing potential of at least R$ 100 million. A voting agreement must also be signed between Paulus and the shareholders to temporarily regulate the joint vote commitment for the nomination, composition, and election of the members of the board of directors and the board of directors.
In addition, CVC also announced that the board of directors would be appointing Fabio Martinelli Godinho for the role of CEO, starting Saturday, May 3, 2021. Godinho worked at CVC Viagens as director of New Business in 2008, actively participating in the deal with Carlyle Group and later as vice president of products and marketing of the operator, with an active role in the preparation for the company’s IPO in December 2013. The executive has also worked for several other companies.
CVC will continue to evaluate the potential offer, the terms and conditions, including the volume and schedule, in accordance with the obligation assumed in the context of the re-profiling of its debt. From today until 90 days after the Extraordinary General Assembly (AGE), Paulus and the shareholders will be subject to restrictions on the sale of subscribed shares in the potential offer.
Additional Piece:
CVC’s new investment contract with GJP Fundo de Investimento em Ações and the appointment of a new CEO highlights the company’s strategy to strengthen its position in the Brazilian travel industry. The company has undergone significant changes to its board of directors and restructuring of its debt, positioning itself for future growth.
Guilherme Paulus, the founder of CVC, has a significant stake in the company and the new investment will aid the company in its IPO aspirations. The travel sector is poised for growth as vaccinations roll out in Brazil, accelerating economic recovery. CVC, as a leading travel company, stands to benefit from this recovery, especially if the proposed IPO successfully captures investor interest.
The arrival of Fabio Martinelli Godinho as CEO also sheds light on the company’s focus on innovation and growth. Godinho’s tenure in CVC Viagens marked a significant moment in the company’s history as he was instrumental in the preparation for the company’s IPO. His experience and know-how in marketing and creating new business opportunities will help steer CVC towards a post-pandemic recovery.
CVC’s strategic moves signal a bright future for the company. By leveraging new investments and appointing leaders with a proven track record in the industry, CVC is positioning itself as an attractive option in the travel and tourism space. As the world begins to emerge from the pandemic and demand increases for travel, CVC will be well-positioned to capitalize on this trend.
Summary:
CVC has entered an investment contract with GJP Fundo de Investimento em Ações owned by the founder and former controller of the company, Guilherme Paulus, agreeing to invest BRL 75 million in the eventual and future public offering of primary distribution of shares. Paulus’s investment must correspond to up to R$ 3 per share, and he will not participate, directly or indirectly, in the bookshop. CVC has appointed Fabio Martinelli Godinho as CEO. The company will continue to evaluate the potential offer, the terms and conditions, including the volume and schedule, in accordance with the obligation assumed in the context of the re-profiling of its debt.
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The CVC (CVCB3) reported in relevant fact that it entered into an investment contract with GJP Fundo de Investimento em Ações, owned by the founder and former controller of the company Guilherme Paulus, with the intervention of investment funds managed by Opportunity, through which Paulus committed to invest BRL 75 million in the eventual and future public offering of primary distribution of shares.
The company also announced that the board of directors chose Fabio Martinelli Godinho for the position of CEO, starting this Saturday the 3rd, as anticipated by the Transmission(Real-time news system of Grupo Estado).
The potential offer, the terms and conditions, including the volume and the schedule, will continue to be evaluated by the company in accordance with the obligation assumed in the context of the reprofiling of its debt.
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According to the relevant fact, Paulus’s investment must correspond to up to R$ 3 per share and he will not participate, directly or indirectly, in the bookshop. The offer must be made within 60 days, in an unorganized over-the-counter market, with the possibility of placement efforts abroad. The gross value of the offer will be at least R$ 200 million, with additional financing potential of at least R$ 100 million.
In addition, a voting agreement must be signed between the investor and the shareholders that temporarily regulates the joint vote commitment for the nomination, composition and election of the members of the board of directors and the board of directors, which is not intended to create a bloc of control. ., according to the company.
The agreement also establishes that from today until 90 days after the Extraordinary General Assembly (AGE), Paulus and the shareholders will be subject to restrictions on the sale of shares subscribed in the potential offer (jail).
Regarding the new executive president, the company reported that Godinho worked at CVC Viagens as director of New Business in 2008, actively participating in the deal with Carlyle Group and later as vice president of products and marketing of the operator, with active participation in the preparation for the company’s IPO in December 2013. The executive also worked for several other companies.
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CVC (CVCB3) confirma Fabio Godinho como CEO e investimento de R$ 75 mi de Paulus em potencial oferta
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