Advent International Acquires Mexico’s Viakem

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(Press Release) Advent has agreed to acquire VIAKEM, a Mexican manufacturer of fine chemicals for the global agrochemical industry. The transaction is expected to close in the third quarter of 2016. Read more

Mexican Fintech Startup Kueski Raises US$35m

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(Businesswire) Kueski has closed a US$35M round of equity and debt funding. The $10M equity investment was co-led by investors Richmond Global Ventures, Rise Capital, CrunchFund and Variv Capital, with participation from Victory Park Capital and existing investors Angel Ventures Mexico, Core Ventures Group and Auria Capital. Read more

IFC’s China-Mexico Fund Invests US$140m in Citla Energy

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(Financial Times) Citla Energy, a Mexican oil exploration and production company backed by ACON, has received equity commitments of US$60m and US$140m from the IFC and IFC Asset Management’s China-Mexico Fund, respectively. Read more

Cabify Raises US$120m in Series C Funding

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(Fortune) The Spanish Uber competitor Cabify, which is currently expanding in Latin America, has raised a US$120m Series C round of investment. The round was led by Japan’s Rakuten at a US$320m post-money valuation. Read more

Ignia Invests in Aqua Sustenable Tres (en español)

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(Grupo BMV) Ignia has made a MXN$6,334,822 (US$362,821) convertible debt investment in Aqua Sustentable Tres, a company that builds water distribution networks in Mexico. Read more

Linzor Capital Acquires GE’s Mexican Lending and Leasing Business for US$1b

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(Businesswire) Linzor Capital has closed its US$1b acquisition of GE’s Mexican equipment lending and leasing business. Read more

Mexico’s Sedec, Nafinsa and VCs to Launch Angel Fund (en español)

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(Expansion) The government of Mexico City (through Sedec) and Nacional Financiera (Nafinsa) have launched a new angel fund to support projects coming out of public universities. Sedec and Nafinsa will each contribute 25% of the funding for these projects, while the remaining 50% will come from VC funds. Read more

Colombian E-Commerce Platform LentesPlus Raises US$1m (en español)

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(Pulso Social) Colombian e-commerce startup LentesPlus has received a US$1m investment round from Colombian incubator InQlab, Mexican VC firm Stella Maris, and international angel investors. Read more

Member Profile: Michael Harrington & Mike Till, Actis

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Member Profile: Michael Harrington & Mike Till, Actis

LAVCA caught up with Mike Till, Co-Head of Actis’ Energy Business and Michael Harrington, Partner of Actis’ Energy Business to learn more about the energy needs in Latin America and the opportunity for alternative energy and power generation. As Head of Actis’ new Mexico Office, Harrington also spoke to the extensive reform of its energy market which adds momentum to Actis’ investment thesis in the power sector. Read more

Monterra Energy Announces Strategic Pipeline Project in Central Mexico

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(Businesswire) Monterra Energy, a firm that received an equity commitment from KKR in May 2015, announced its plan to build a refined products pipeline in Central Mexico. Read more