(Dealbook) The Latin American e-commerce giant MercadoLibre has acquired VMK, a holding company that owns two major real estate websites, the companies are expected to announce on Wednesday. Read more
(Alt Assets) Chilean private equity firm SCL Energia Activa has reportedly raised one third of its second energy fund. Americas Energy Fund II has secured commitments of US$100m towards its US$300m target.
(PulsoSocial) The team Nazca Ventures has been working hard in recent months in search of its first investment selections. In December Nazca made its seed capital debut, leading a US$1.3m round for freelance job marketplace, Nubelo. However, Nubelo was just the tip of the iceberg, because Nazca announced the addition of two new companies to its portfolio, Cranberry Chich and eGlam & Ropit. Read more
(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
(Gobierno de Chile) This week was the draft of the Law of Reorganization and Liquidation of Companies, better known as bankruptcy law, was finally adopted in Chile. What follows is a complete change in the way in which these processes are resolved. Below is everything you need to know regarding the newly instated law. Read more
(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
(Digital Journal) ComparaOnline.com (“ComparaOnline”), the leading insurance and financial services marketplace website in Latin America, today announced it has raised $11 million in Series B financing. Ribbit Capital, a venture capital firm focused on the financial services industry, led the investment, with participation from Endeavor Catalyst, Rise Capital and Series A-backer Kaszek Ventures. Read more