(Latin Lawyer) Chilean private equity fund Linzor Capital Partners has bought 85 per cent of Uruguayan frozen foods company Pagnifique, with the help of Uruguay’s Guyer & Regules, Argentina’s Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h) and the New York office of Latham & Watkins LLP. Read more at Latin Lawyer
(Pulso Social) FormaFina has announced a US$1.4 million seed round. TechCrunch broke the news, revealing that much of the funds will be directed towards the Brazilian market – something that shouldn’t come as a surprise given FormaFina Co-founder and CEO Nima Pourshasb’s comments in our interview. Read more
(Valor) Private equity fund Southern Cross acquired 70% of Solaris, a company focused on equipment rental for the construction and related industries, with plans to make the business double in size in the next three years. Transaction values were not disclosed, but according to Valor Econômico, they were around BR $220 million. Read more at Valor
(WSJ) Facebook Inc. FB +0.26% makes it easy for the social network’s 1.16 billion users to “like” funny photos, snarky comments and their favorite products. Next on the list: initial public offerings.
Globant SA, a Luxembourg company with operations based in Buenos Aires, filed Tuesday for a U.S. offering that would be the first IPO to use the system. Globant will set aside up to 1% of the shares in the technology firm’s IPO, which could come next month, for sale through a Facebook page or the Web. Read more
(Pulso Social) Last month, a group of Argentine investors gathered in Buenos Aires to learn about an up-and-comer in Latin America’s venture capital community: Cygnus Capital. Spearheaded by Ignacio Plaza and Diego Gonzalez Bravo, Cygnus funds early-stage digital entities in Latin America. Currently, it’s in the process of raising the capital needed for its first round of investments. Read more
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(Pulso Social) Argentine company Properati closed a seed funding deal for its regional expansion. The amount of the investment hasn’t been officially revealed, but we’ve heard it’s around US$200,000 (AR$1 million). Interestingly, the funds are from angel investors who have already invested in Sumavisos.com as well as entities such as U.S.-based GroupArgent and NXTP Labs (where the startup is currently being accelerated). Read more