Brazilian digital credit card provider Nubank has turned to local firm Pinheiro Neto Advogados and Pillsbury Winthrop Shaw Pittman LLP in New York and San Francisco to establish two credit lines totalling US$53 million with Goldman Sachs.
Goldman Sachs hired Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in Brazil and the São Paulo and New York offices of Cleary Gottlieb Steen & Hamilton LLP.
The credit lines, which closed on 22 April, follow a US$52 million capital raise Nubank carried out in January, for which it hired the same two firms. The credit card provider operates through smartphones rather than conventional branches, allowing it to charge attractive low interest rates.
Counsel to Nubank
In-house counsel - Marcos Jarne
Pillsbury Winthrop Shaw Pittman LLP - Partners Dan Richards and Charlotta Otterbeck and associates Maria Cho and Paulo Varnieri in New York, and partners Eric Save and André Brewster and associate Corey Harris in San Francisco
Pinheiro Neto Advogados - Partner Bruno Balduccini and associate Karen Schiavon in São Paulo
Counsel to Goldman Sachs
Cleary Gottlieb Steen & Hamilton LLP - Partner Juan Giráldez and associate John Delaney in São Paulo, and associates Carina Wallance and Mary-Ann Awada in New York
Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados - Partners Renato Schermann Ximenes de Melo and Bruno Mastriani Simões Tuca and associates Larissa Lancha Alves de Oliveira Arruy, Ana Letícia Alves Calliari Bahia and Samuel Gustavo Calazans Dimbarre in São Paulo