George Soros Puts Money on Latin America Hotels

Tags: , , , , , , ,

(WSJ) Billionaire George Soros’s investment firm has agreed to spend up to $300 million on an Argentine hotel company’s Latin America expansion, a vote of confidence in a region that has been suffering slow economic growth and waning investor interest. Read more

Chilean Fund Raising US$50m for Permanent Crops in Colombia

Tags: , , , ,

(Agri Investor) A Chilean agri­focused private equity firm, Sembrador, plans to raise US$20m to US$50m for permanent crop farms in rural Colombia. The group is courting the Colombian government, the Inter­American Development Bank and family offices for commitments for the fund, which is expected to close by year­ end 2016, according to a Sembrador executive. Read more

Rakuten Backs Spanish And Latin American Taxi App Cabify

Tags: , , , , , , ,

(TechCrunch) Cabify, a taxi app which operates in Latin America and Spain, has raised US$12m from Rakuten FinTech Fund, Seaya Ventures and others. Read more

Ecus Private Equity Sells Chilean Laundry Business to Elis

Tags: , , , , , ,

(Press Release) Ecus Private Equity, an independent private equity funds manager focused on Chile’s small and middle market, sold its stake in Albia to Elis for US$14m, realizing a total MOI of 5.0x and an IRR of 24.3% over the 8-year holding period. Read more

NXTP Labs Selects 12 Startups for Fintech Accelerator Program (en español)

Tags: , , , , , ,

(Pulso Social) NXTP Labs, early stage Latin American fund, launched its first Fintech accelerator program, with 12 startups selected from Argentina, Chile, Ecuador and Uruguay. Read more

SunEdison Won’t Complete US$700m Buyout of Latin America Power

Tags: , , , ,

(WSJ) SundEdison won’t complete its acquisition of Chile-based renewables firm Latin America Power, which is owned by BTG Pactual and Pátria Investimentos’ P2Brasil. Read more

Sky Solar & Hudson Clean Energy Partners Announce Strategic Partnership to Fund Up To US$100 Million Into Solar Projects

Tags: , , , , , , ,

(Press Release) Sky Solar Holdings, Ltd., a global developer, owner and operator of solar parks, and Hudson Clean Energy Partners, a leading private equity firm specializing in renewable energy, announced a new strategic partnership to fund solar projects in Latin America and Japan with a total capital commitment from Hudson of up to US$100 million. The two parties have also agreed to collaborate on an expansion into the U.S. solar market. Read more

Chile’s Sembrador Capital Targets US$50m (en español)

Tags: , , , , ,

(Dinero) Chile’s Sembrador Capital is targeting US$50m in commitments for Victus, a Colombia-focused agribusiness PE fund. Read more

Chile’s Raises US$130k to Expand Services to Latin America (en español)

Tags: , , , , ,

(Pulso Social) Chilean startup, an online platform that allows users to hire car mechanics, has raised CLP$90m (~US$130K) from new Chilean VC fund Dadneos Ventures and Start-Up Chile. The startup plans to expand operations in LatAm. Read more

Start-Up Chile Launches Pre-Accelerator For Female Founders

Tags: , , ,

(TechCrunch) Start-Up Chile, the government-backed accelerator program that’s funded over a thousand international startups in the past four years, is launching The S Factory, a pre-accelerator for female founders. Read more