The shares are listed on the São Paulo Stock Exchange

Davis Polk advised the joint bookrunners in connection with the secondary public equity offering by Patria Investments as selling shareholder of 32,602,252 common shares of Smartfit Escola de Ginástica e Dança S.A. for an aggregate amount of approximately R$592 million. The common shares trade on the São Paulo Stock Exchange. The securities sold in the international offering were placed under Rule 144A / Regulation S.

Smart Fit is the leader in the gym market in Latin America, operating the fourth-largest network of gyms in the world and the largest gym network outside the United States, each in terms of number of customers.

The Davis Polk corporate team included Manuel Garciadiaz, Konstantinos Papadopoulos and Alexandre Diniz. The tax team included Kara L. Mungovan and William Liang. Members of the Davis Polk team are based in the São Paulo and New York offices.

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