Itaú BBA — Recurring Relationship Since 2015
A single IPO generating simultaneous demand across three different banks in lingo's portfolio.
▶ QUICK SUMMARY
Itaú BBA has been a lingo client since 2015, with documented mandates in 2017 (Project Vega and Project Dream), 2018 and 2019, plus Project Seasons — the bank's internal code name for the August 2020 due diligence ahead of the Espaçolaser IPO (R$2.64 billion, February 2021). The same deal generated interpretation demand simultaneously across three coordinating banks: Itaú BBA, Santander and Goldman Sachs.
The context
Itaú BBA has been a lingo client since 2015, with a mandate history spanning at least five years: 2015, 2017 (with two projects internally identified as Project Vega and Project Dream), 2018, 2019 and Project Seasons in August 2020.
Project Seasons was Itaú BBA's internal code name for the due diligence ahead of the Espaçolaser IPO — a deal that raised R$2.64 billion on the B3 exchange in February 2021. Unusually for this kind of mandate, billing was directed straight to the target company, not the advisory bank.
A revealing detail about how this market is structured: the same Espaçolaser IPO generated interpretation demand simultaneously across three different coordinating banks — Itaú BBA, Santander and Goldman Sachs — all present in lingo's client portfolio, confirming that major capital markets operations move multiple advisory fronts at once, each with its own interpretation needs.
Documented mandates with Itaú BBA
| Year | Project or context |
|---|---|
| 2015 | First documented mandate |
| 2017 | Project Vega |
| 2017 | Project Dream |
| 2018 | Additional mandate |
| 2019 | Additional mandate |
| Aug 2020 | Project Seasons — Espaçolaser pre-IPO due diligence |
Frequently asked questions
Since when has Itaú BBA been a lingo client?+
Since 2015, with mandates also documented in 2017, 2018, 2019 and 2020.
What was Project Seasons?+
Itaú BBA's internal code name for the August 2020 due diligence ahead of the Espaçolaser IPO, with billing directed to the target company.
How many banks were involved in the Espaçolaser IPO?+
Three: Itaú BBA, Santander and Goldman Sachs, all coordinating the same deal and generating interpretation demand simultaneously.
What were Projects Vega and Dream?+
Two distinct Itaú BBA mandates in 2017, with internal bank code names — common practice in investment banking to preserve confidentiality before a deal's public announcement.
Does the interpreter sign an NDA for investment banking mandates?+
Yes. For mandates involving non-public information, lingo signs a bilateral NDA before the service begins.
Does your bank need an interpreter for investment banking?
Tell lingo the type of operation and languages involved.
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Lingo Qi Interpretações LTDA · CNPJ 53.834.741/0001-34 · São Paulo, SP