Management Startup Nibo Receives Investment from Two Funds

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(Exame) Nibo, the financial software management company for small and medium businesses, announced today a new investment from funds Redpont e.Ventures and Valor Capital Group. In addition, the startup launched a new tool to facilitate communication between entrepreneurs and accountants. Read more

GuiaBolso Receives Investment from Kaszek Ventures (em português)

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(Exame) Start-up announced its second round of funding. This time, Kaszek Ventures led the investment with the participation of e.Bricks and Valor Capital. Read more

Nexxus Capital Exits Crédito Real (en español)

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(Press Release) Nexxus Capital, one of the leading private equity fund managers in Mexico, exited a financial services company Crédito Real, dividing between business investors the remaining interest. In 2007, the firm’s fund Nexxus Capital Private Equity Fund III invested close to US$20m in the business. Read more

Darby Acquires Majority Stake in Acrecent

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(PEHub) Darby Private Equity has acquired a majority stake in Acrecent Financial Corp., a commercial finance company operating in Puerto Rico and the Caribbean. No financial terms were disclosed. Read more

ContaAzul Raises Series B Funding

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(Press Release) JOINVILLE, Brazil – November 4, 2013 – ContaAzul, the leading provider of easy-to-use SaaS accounting and invoicing solutions to SMBs in Brazil, today announced it has raised a Series B round of financing. Series-A backer Ribbit Capital, a venture capital firm focused on the financial services industry, led the investment round, with participation from Valar Ventures and existing investors Monashees Capital and Napkn Ventures.” Read Full Press Release.

Advent International to Buy 50% Stake in Alianza Fiduciaria from Organización Delima

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(PEHUB) Advent International and Organización Delima said on Wednesday that Advent will acquire 50% stake in Alianza Fiduciaria from Organización Delima. No financial terms were disclosed. Based in Bogotá, Columbia, Alianza Fiduciaria is a trust company. Read more

Beamonte Investments Announces the acquisition of BC Credit

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(Beamonte Investments) May 31, 2012 – Beamonte Investments has acquired BC Credit SOFOM a company that is specialized for offering credit opportunities to the healthcare industry in Mexico. The acquisition has been completed, while the transaction value was not disclosed. BC Credit was launched by CEO, Rodrigo Villafaña.

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BTG gains top banker as it eyes expansion

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By Megan Murphy
Financial Times

October 2, 2011 – Roger Jenkins, the high-profile former Barclays executive, has joined BTG Pactual as a managing partner as Brazil’s largest independent investment bank and asset manager gears up its ambitious expansion plans.

Mr Jenkins, a star banker best known for orchestrating a £7bn fundraising for Barclays from Middle East investors at the height of the financial crisis, brings with him deep ties to the sovereign wealth funds that are now looking to tap into Latin American growth.

He will sit on the bank’s global management and investment committees, and will be charged with identifying investment opportunities as well as raising money from investors.

BTG closed a $1.6bn private equity fund in late June, the third-largest private-equity fundraising effort ever in Latin America, in a bet that Brazil’s consumer and investment boom will continue.

“This is an entrepreneurial partnership and Roger is an entrepreneur,” Huw Jenkins, the former UBS investment banking chief who joined BTG last year, told the Financial Times.

Roger Jenkins’ was reported to be Barclays highest-paid banker on a package of more than £40m when he left in 2009 to set up the corporate finance boutique, Elkstone Capital.

Elkstone, which was looking at investing in distressed banking and property assets in Ireland as well as international deals, including in Brazil, has since been wound up, and a handful of its employees have followed Mr Jenkins to BTG Pactual.

BTG, by contrast, has grown rapidly on the back of Brazil’s vibrant capital markets and mergers and acquisitions activity since it was bought out of UBS for $2.45bn in 2009. The bank was valued at about $10bn in a deal in December when a group of investors including three sovereign wealth funds – Singapore’s GIC, China’s CIC and the Abu Dhabi Investment Council – bought an 18.7 per cent stake.

André Esteves, BTG’s chief executive, last month told the FT that he was looking to hold an initial public offering as early as next year.

Fundraising for Latin American private equity and venture capital is expected to hit a record $10bn in 2012, according to figures released this month by the Latin American Venture Capital Association. BTG is targeting opportunities in infrastructure, agriculture and natural resources.

Mr Jenkins, who moved to California after leaving Barclays, will remain based in Los Angeles while travelling frequently.

“People see opportunities to invest in Latin America and are willing to deploy risk capital,” Mr Jenkins said. “That makes it interesting.”


Advent International to Sell Remaining Stake in Brazil’s Cetip

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(Advent International) July 14, 2011 – Advent International, the global private equity firm, today announced that it has agreed to sell its remaining 10% stake in Cetip, S.A. (BM&FBOVESPA: CTIP3), Latin America’s largest depositary of private fixed-income securities and Brazil’s largest private asset clearinghouse Read more

Equifax do Brasil to Merge with TMG Capital Portfolio Company

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(Brasil Economico) June 1, 2011 –  Equifax do Brasil has merged with Boa Vista Serviços, a portfolio company of Brazil-based prviate equity firm TMG Capital. Read more