Press Release

Lavoro to Become Publicly Traded Through Business Combination With TPB Acquisition Corporation I

September 20, 2022

San Francisco and São Paulo September 20, 2022 – Cooley advised TPB Acquisition Corporation I, a special purpose acquisition company sponsored by The Production Board, in its business combination agreement that will result in Lavoro Limited, a leading agricultural inputs retailer in Latin America, becoming a US publicly listed company with an implied initial enterprise value of approximately $1.2 billion. Lawyers Garth Osterman, Rachel Proffitt, Peter Byrne, Kristin VanderPas, Michelle Peleg, Sarah Curry, Jesse Schulman, Wesley Dietrich, Wilber Barillas, Yoana Setzer, Dana Yeo and Sue Anna Yeh led the Cooley team.

Founded by David Friedberg, The Production Board is a venture foundry and investment holding company established to solve the most fundamental problems that affect our planet by reimagining global systems of production across food, agriculture, biomanufacturing, human health and the broader life sciences. The company builds businesses based on emerging scientific discoveries, partners with exceptional talent, and provides them with the capital, infrastructure and market insights needed to deliver meaningful improvement in the cost, energy, time or carbon footprint of conventional systems.

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