Efromovich/Silva Adds Partner Amid Fundraise

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(Private Equity International) The Bogotá-based firm is targeting US$300m for Latin American and Caribbean companies. Read more at PEI

Avenida Capital Raises US$140m from Global Investors

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(Press Release) Avenida Capital, the Latin American real estate investment firm with offices in Bogota and New York, announced today that it successfully completed its inaugural fundraising effort of US$140m for its Avenida Colombia Real Estate Fund I. Read more

Axon Partners Group Investment Moves Into Cloud Technology

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(Press Release) Axon is pleased to announce its investment in O4IT, a large, leading cloud technology services company in Latin America. Read more

Victoria Capital Partners Joins Industrial Group Corona (en español)

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(El Colombiano) Organization Corona reported yesterday that it reached an agreement with Victoria Capital Partners to acquire a minotirty stake in the industrial group which includes Colcerámica, Sumicol, Nexentia, Erecos, Locería Colombiana, Gamma y Almacenes Corona. Read more

Advent’s Biotoscana Agrees to Acquire United Medical to Expand Commercial Presence in Brazil

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(BusinessWire) Grupo Biotoscana, a pharmaceutical company based in Bogotá, Colombia, and majority owned by Advent International and Essex Woodlands, today announced that it has signed an agreement to acquire United Medical, a group of pharmaceutical companies based in São Paulo, Brazil, to create a leading specialty pharmaceutical company with commercialization capabilities throughout South America. The acquisition will broaden Biotoscana’s portfolio of innovative licensed products as well as its geographic sales and marketing capabilities by expanding into the $28 billion Brazilian pharmaceutical market. Read more

Promotora Venture Capital invests in PrimeStone

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(PEHub) Promotora Venture Capital Fund has invested in PrimeStone, a Colombia-based company that develops and supplies sophisticated smart grid applications and solutions for data collection, validation, management, control and data exchange. The company will use the investment for international expansion. Read more

Bricapital Makes Strategic Investment in Colombia’s First Hyatt Regency Hotel

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(National Post) Bricapital, a Colombia-based private equity firm focused on the hotel and resort asset class in Colombia, announced today it acquired interest in the first Hyatt Regency branded hotel in Colombia, in the coastal city of Cartagena. Bricapital, SAS is a subsidiary of Brilla Capital, the Miami-based real estate private equity firm with operations throughout the region. This transaction is part of a strategic partnership between the firm and Ospinas & Cia., a leading regional developer with more than 80 years of history in Colombia. Read more

Advent to Buy Ocensa Oil Pipeline Stake for US$1.1b

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(Reuters) U.S. private equity fund Advent International will buy a minority stake in Colombia’s Ocensa oil pipeline for US$1.1b from Canadian oil firm Talisman Energy Inc, France’s Total SA and Madrid-based Cepsa, the Wall Street Journal reported citing people familiar with the matter. Read more

Multilateral Investment Fund Invests in Innovative Colombian Seed Capital Fund

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(FOMIN) The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, has approved a $5 million equity investment in Velum Early Stage Fund I, a Colombian early stage venture capital fund that will provide long-term financing and value-added guidance on business development for up to 24 technology start-ups in Colombia. Read more

Neuberger Berman Favors Private Equity in Latin America

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(WSJ) Neuberger Berman, the former asset-management firm of Lehman Brothers Holdings that is now majority-owned by its employees, is hoping to seize private equity opportunities in Latin America. Read more