IGNIA Fund I Invests MXN$44M in Provive

published by Editor on November 8th, 2011

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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

published by Editor on October 1st, 2010

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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

published by Editor on July 6th, 2010

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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

published by Editor on June 18th, 2010

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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

published by Editor on May 26th, 2010

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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

published by Editor on March 2nd, 2010

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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

published by Editor on February 24th, 2010

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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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CAF approves US$5mn for Fondo IGNIA for SME financing

published by Editor on December 25th, 2009

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MoneyDecember 22 – The Andean Development Corporation (CAF) has approved US$5mn for risk capital fund Fondo IGNIA, which aims to finance SMEs in Latin America in the health, housing and education sectors, among others, CAF said in a press release.

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Southern Cross and Evercore Purchase Mexican Homebuilder

published by Editor on November 6th, 2009

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Image7_HomeMexico, Oct. 26 /PRNewswire/ — Southern Cross Group, Evercore Mexico Capital Partners (jointly the “Funds”) and Servicios Corporativos Javer, S.A.P.I de C.V. (“Javer” or the “Company”) announced today that they have signed an agreement by means of which the Funds acquire a controlling interest in the Company.

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