Espaço Laser — R$2.64 Billion Pre-IPO Due Diligence
150+ stores assessed ahead of one of 2021's largest IPOs on the B3 exchange.
▶ QUICK SUMMARY
Espaçolaser raised R$2.64 billion in its February 2021 IPO on Brazil's B3 exchange — one of the year's largest IPOs, coordinated by Itaú BBA, Santander and Goldman Sachs. In August 2020, pre-IPO due diligence involved assessing more than 150 stores across Brazil, with Alex Barros interpreting English-Portuguese for the international team of advisory banks.
The context
Espaçolaser raised R$2.64 billion in its February 2021 IPO on the B3 exchange — one of the year's largest IPOs in the Brazilian market, coordinated by Itaú BBA, Santander and Goldman Sachs.
In August 2020, pre-IPO due diligence involved assessing more than 150 stores across the network spread throughout Brazil — a volume that alone signals the operational scale that had to be evaluated before the public offering. Interpretation was needed to enable communication between Espaçolaser's local team and the international team of advisory banks.
The mandate originated from what Itaú BBA internally called Project Seasons — the bank's code name for the deal — and, unusually, billing was directed straight to the target company (Espaço Laser), not the advisory bank. Direct contacts were Leonardo Correa, Wilson Costa and Liliane Silva, from Espaço Laser.
What the scale of 150+ stores means for interpretation
Due diligence on a retail chain with more than 150 physical locations isn't just a matter of document volume — it's a matter of consistency in aesthetics-sector operational vocabulary: occupancy rate per unit, average ticket, customer churn, margin per procedure, all terms that need to be translated with the same meaning across every session, without terminological drift throughout the process.
Frequently asked questions
How much did Espaçolaser raise in the IPO?+
R$2.64 billion, in February 2021, on the B3 exchange — one of the year's largest IPOs.
Who coordinated the offering?+
Itaú BBA, Santander and Goldman Sachs coordinated the IPO.
What was the due diligence scope?+
Assessment of more than 150 stores across the network spread throughout Brazil, in August 2020.
Why was billing direct to Espaço Laser?+
The mandate originated from Itaú BBA's Project Seasons, but, unusually, billing was directed straight to the target company, not the advisory bank.
Does the interpreter sign an NDA for pre-IPO due diligence?+
Yes. For mandates involving non-public information — such as due diligence ahead of a public offering — lingo signs a bilateral NDA before the service begins.
Is your company preparing for an IPO?
Tell lingo the scale of the due diligence and languages involved.
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