The Abraaj Group Sells Stake in Peru’s Condor Travel to The Carlyle Group

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(Press Release) The Abraaj Group, a leading investor operating in global growth markets, today announced the signing of an agreement to exit its stake in Condor Travel S.A. to The Carlyle Group. Read more

The Carlyle Group Acquires Control of Peruvian Cash Management Company Hermes

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(Press Release) Global alternative asset manager The Carlyle Group (NASDAQ: CG) announced the acquisition of 85.42 percent of Hermes, a Peru-based cash management company, from Inversiones Centenario, Scotiabank. Read more

The Abraaj Group Invests in Latin American Courier and Light Logistics Company URBANO

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(Press Release) The Abraaj Group announced the acquisition of a majority stake in URBANO Express, a leading courier and light logistics solutions company in Latin America with operations in Peru, Ecuador and El Salvador. Read more

Faro Capital Buys Clothing Brands Tayssir, Korda and 47 Street (en español)

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(Peru Retail) Hoping to become the main retail operator in Peru, investment fund, Faro Capital, with retail acquisition adds new brands to its portfolio. Read more

ACON Completes Investments in Colombia and Peru to Form Amfora Packaging

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(Press Release) ACON Investments completed the acquisitions of Intecplast, Colombian plastic manufacturer, and Pieriplast, a Peruvian supplier of cosmetic packaging solutions in the Andean Region. Intecplast and Pieriplast will be consolidated under a new holding company, Amfora Packaging, to form one of the largest pan-Andean plastic packaging companies in the region. Read more

SparkLabs Global invests in Dating LATAM

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(PEHub) SparkLabs Global Ventures said Tuesday it invested in Dating LATAM, an online dating startup founded in Lima, Peru. Financial terms weren’t announced. Read more

Linzor Capital Raises US$621m Latin America Focused Fund

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(Press Release) Linzor Capital Partners (“Linzor”) is pleased to announce the final closing of its third fund, Linzor Capital Partners III, L.P. (“LCP III” or the “Fund”), held on May 14th with $621 million in aggregate capital commitments. Read more

Altra Investment Makes Largest Investment in a Peruvian Company with Acquisition of Acoinsa (en español)

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( Colombia’s Altra Investment acquired a stake in logistics company Acoinsa, marking its largest investment in a Peruvian company. Read more

Advent Considers Peru Venture

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(DowJones) Advent International is weighing opening an office in Lima, Peru, following the successful close of its US$2.1b Latin America fund last week. The firm, which closed the fund on its hard cap on Nov. 6, is currently in negotiations over a “few deals” in Peru, which if successful, could see the firm open an office in the Peruvian capital, according to Latin America-based Managing Partner Patrice Etlin. Read more at Dow Jones.

CinePapaya, the Startup of Peru’s Gary Urteaga, Raises US$2M from Movile (en español)

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(Pulso Social) Movile, the Brazilian internet conglomerate, is placing all bets on the Latin American consumer. After raising US$55m to finance their plan to “unify the electronic market by making the shopping experience easier and better for all,” Movile has just invested US$2m in CinePapaya, Peru’s mobile movie ticket vendor and start-up. Read more