Advent International Raises US$2.1b Fund, Largest Private Equity Fund Dedicated to Latin America

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(Press Release) Advent International, one of the largest and most experienced global private equity investors, today announced that it has received US$2.1b in commitments for Advent Latin American Private Equity Fund VI, reaching the Fund’s hard cap after less than six months in the market. Read more

Axon Partners Group Expands Background Amerigo Ventures to Peru and Mexico and Extends Up to US$100m (en español)

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(Pulso Social) Axon Partners Group’s investment division is expanding its digital economy growth fund, Amerigo Ventures, to target Mexico and Peru and increasing the size of the fund to US$100m. Read more

Patria Investimentos Plans Investments of up to US$500m in Colombia (en español)

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(America Economia) Patria Investmentos, one of the biggest funds in Latin America, will begin operations in Colombia where it hopes to invest between US$300m and US$500m in the next three years in real estate, infrastructure and business sectors. Read more

Gramercy Funds Management Invests US$34m in Grupo Credivalores

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(PR Newswire) Gramercy Funds Management, a US$4.2b dedicated emerging markets investment manager, announced a US$34m investment in Credivalores-Crediservicios, its affiliates and subsidiaries, the leading independent consumer finance company in Colombia and one of the country’s fastest growing non-banking financial institutions. Read more

LAFISE Group Launches LatAm SME Investment Fund III

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(Press Release) On August 14, 2014, the initial closing of US$28.75m was completed for CASEIF III L.P., a Private Equity Fund with a total fund size target of US$50m aimed to invest in small and medium-sized enterprises (SMEs) in Central America, the Dominican Republic and Colombia. Read more

Axon Sells its Shares in ClickDelivery with a Return of Nearly 4x

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(Press Release) Axon Partners Group has exited ClickDelivery, the leading online food delivery service in the Andean Region, with Delivery Hero, one of the global leaders in the online food-ordering industry, becoming majority shareholders in the growing company. Read more

Blackstone eyes first Colombian RE foray

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(PEI) The New York-based private equity and real estate giant is partnering with two firms that originally had planned to raise a property fund targeting the Latin American nation. Read more

Linio, Rocket Internet’s Amazon Play In Latin America, Rakes In Another $79M

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(TechCrunch) Rocket Internet, the Berlin-based e-commerce incubator, is today announcing the latest chapter in its strategy to build out businesses in emerging countries. Linio, an Amazon-style e-commerce marketplace active in Mexico, Colombia, Venezuela and Peru, has raised an additional $79 million (€58 million), led by new investor Northgate Capital and Access Industries. The company says the financing will be used to expand its footprint to other large Latin American markets like Chile and beyond. Read more

The Rohatyn Group sells TGI stake

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(PE Hub) The Rohatyn Group‘s TRG Growth Fund II has sold its minority stake in Transportadora de Gas Internacional to majority shareholder Empresa de Energia de Bogota for $880 million. EEB is an energy holding company in Colombia with interests across the electricity and natural gas sectors. Read more

The first 100% online drugstore in Colombia receives investment from Axon Partners Group

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(PulsoSocial) Pidefarma.com closed its first private equity investment round of an undisclosed amount led by Axon Partners Group. It is the first 100% online drugstore in Colombia with initial operations in Bogotá, Medellín y Chía. Read more