Javer Achieves the First IPO for 2016 in Latin America (en español)

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(Centro Urbano) Mexican homebuilder Javer has made its IPO, raising MXN1,801m (US$100m) in proceeds. Some of the company’s backers include Southern Cross Group, Evercore, and Arzentia. Read more

Equity International Invests US$25m in Mexico’s Vinte (en español)

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(El Economista) Equity International has a made a $25m convertible debt investment in Mexican housing developer Vinte. Read more

Elevar Equity Fund III Raises US$74m

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(PEHub) Elevar Equity said Wednesday that its third venture capital fund closed at US$74 million. Elevar Equity III L. P. will focus on commercial investments in early stage companies providing financial services, education, housing and healthcare to low-income communities primarily in India and Latin America. Investors of Fund III include the Rockefeller Brothers Fund, Oblate International Pastoral Investment Trust, JPMorgan Chase & Co., Omidyar Network, Prudential Financial Inc., the Rockefeller Foundation, Blue Haven Initiative, Treehouse Investments as well as family offices, private foundations and a university endowment. Read more

IGNIA Fund I Invests MXN$44M in Provive

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(IGNIA) November 8, 2011– IGNIA Fund I, LP, the first impact investing fund in Latin America, announced that it has invested MXN$44.0 million (US$3.3 million) in Comunidades que Renacen S.A.P.I. de C.V. (“Provive”), an innovative business that acquires, refurbishes, and sells foreclosed homes in low-income housing developments Read more

Equity International Announces Sale of Gafisa and BR Malls Shares

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(Equity International) October 1, 2010 – Equity International (EI), the privately held company focused on investing and building world-class companies outside of the United States, announced today the sale of approximately 13.2 million common shares of Gafisa S.A. (Bovespa:GFSA3; NYSE:GFA), a leading national homebuilding company in Brazil, for approximately R$175 million (US$103 million). Read more

Mexico’s Urbi Teams Up With Aureos Latin America Fund

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(Dow Jones) July 6, 2010 – Mexican home-construction company Urbi Desarrollos Urbanos SAB said Tuesday that it has reached an agreement with Aureos Latin America Fund to boost its rent-to-buy option for home sales Read more

Brazil’s Brookfield, IFC To Create Joint Venture

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(Dow Jones) June 18, 2010 – Brazilian real-estate company Brookfield Incorporacoes SA (BISA3.BR) and International Finance Corporation, or IFC, will create a joint venture in Brazil to build low-income housing Read more

Equity International Eyes Brazilian Pulp

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(Reuters) May 26, 2010 – American billionaire Sam Zell’s Equity International investment fund is evaluating opportunities in Brazil’s paper pulp business, Brazil’s Valor Economico reported Read more

Inpar Concludes Capitalization Plan for Future Growth, with Oversubscribed Equity Offering

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(Euro Investor) March 2. – Inpar S.A. (BOVESPA: INPR3) announced that it has successfully completed  an offering of 87,500,000 common shares at a price of R$ 3.20 per share  (“Offering”), receiving proceeds of R$280 million. In addition, Inpar  has obtained R$ 300 million of new SFH credit lines provided by  Bradesco, Santander and HSBC. These additional credit facilities will be  used to fund up to 80% of the construction cost for development projects. Read more

CASEIF Corporation II Successfully Completes First Exit: CECONSA

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February 24, 2010: In February 2010, CASEIF Corporation II successfully completed its first exit in CECONSA Nicaragua (CECONSA), two years and three months after the closing of the deal. CECONSA is a housing developer that developed “Ciudad Real” a 315 house project in Nicaragua. The investment was structured in a mezzanine loan, and the rationale for the investment was the acceleration of the house production in response to a strong demand.
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