IFC and IFC ALAC Fund Invest $48M in Medanito to Increase Oil and Gas Production in Argentina

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(IFC) July 28, 2011—IFC, a member of the World Bank Group, and the IFC African Latin American and Caribbean Fund are making a $48 million equity investment in Argentina’s Medanito to support the company’s expansion plans to increase oil and gas production Read more

Entrepreneur Profile: An Interview with Andres Alterini, Smowtion

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Entrepreneur Profile: An Interview with Andres Alterini, Smowtion

Andres Alterini, CEO of Smowtion, recently sat down with the Latin America PE/VC Report to discuss building a global company from Argentina. Read more

LAVCA Participates in Buenos Aires Futura

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LAVCA Participates in Buenos Aires Futura

Ariel Muslera, Regional Advisor at LAVCA, recently participated on a panel at Buenos Aires Futura, an event organized by the city government of Buenos Aires to facilitate discussions about the growing importance of technology and innovation. Panels explored topics ranging from the impact of technology on social interaction and economic development to opportunities for education and entrepreneurs.

Ariel, along with panelists Diego May (Junar), Inaki Berenguer (Pixable), Fernando Martinez Lafuente (CIC Consulting Informatico) and Alejandro Marshad (Endeavor), led a lively conversation about Innovation, Entrepreneurs and Economic Development, noting that as the playing field levels between emerging and developed economies, there is immense opportunity for entrepreneurship to be a bigger driver of economic development in Latin America.

“The challenge is to be able to think big and not limit the potential of a startup because of short term needs. For that, it is fundamental to grow the early stage VC ecosystem in Latin America, so that companies can focus on developing compelling products instead of paying next month’s rent,” said Muslera.

The panelists also agreed that the single, most valuable thing a startup team can show to a potential investor is a cohesive, complementary team that not only has a vision but, more importantly, has the skills and the experience to successfully execute that vision.

To view videos from the event, please click here.

Atomico Leads Investment Round for Restorando.com

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(Atomico) April 19, 2011 – Restorando.com, the online restaurant booking service, announced that it has closed a new round of investment. The fundraising was led by Atomico, the venture capital firm founded by Skype co-founder Niklas Zennström. Read more

Arcos Raises $1.25 Billion in Expanded IPO

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(Bloomberg) April 14, 2011 – Arcos Dorados Holdings Inc., the Buenos Aires-based operator of McDonald’s Corp. restaurants in Latin America and the Caribbean, raised $1.25 billion in its expanded initial share sale, 33 percent more than it sought. Read more

Contax to buy Allus

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(Zephus) April 6, 2011 – Brazilian customer services firm Contax Participações has agreed to buy Allus, an Argentinean contact centre operator in a deal worth between BRL 307.00 million (USD 190.40 million) and BRL 332.00 million. Read more

Riverwood and FTV Capital Invest $15M in Globant

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(peHub) March 24, 2011 – Globant, leader in the creation of innovative software products that appeal to global audiences, announced that Riverwood Capital, a private equity firm that invests in high-growth businesses in the global technology and technology-enabled industries, and FTV Capital, a growth equity investor focused on business services, financial services, technology, and payments, have invested an additional $15 million in the Company. Read more

BuscaPé Inc acquires controlling stake in Latin America online payments platform DineroMail

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(Invest in Brazil) March 1, 2011 – BuscaPé Inc has acquired a controlling stake in the Latin America online payments platform DineroMail. BuscaPé Inc is a Brazilian website owned by the Naspers group of South Africa. Read more

Arcos Dorados Prepares IPO, Capital International, Gavea and DLJ Among Investors

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(Financial Times) February 9, 2011 – According to a report in the Financial Times, Buenos Aires- based Arcos Dorados, McDonald’s largest franchisee, is preparing to IPO on a US exchange. Read more

Thomson Reuters Acquires Legal Publishing Group Operations in Argentina and Chile from Palmfund

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(Palmfund) January 18, 2011 – Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, announced that it has acquired Legal Publishing Group operations in Argentina and Chile Read more