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

Axon Partners Group Expands Background Amerigo Ventures to Peru and Mexico and Extends Up to US$100m (en español)

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(Pulso Social) Axon Partners Group’s investment division is expanding its digital economy growth fund, Amerigo Ventures, to target Mexico and Peru and increasing the size of the fund to US$100m. Read more

Chile’s Falabella Buys Peruvian Home Improvement Chain for US$490m

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(Reuters) Chile-based retailer Falabella said on Wednesday it had bought leading Peruvian home improvement chain Maestro for about US$490m as it seeks to increase its presence in Peru’s fast-growing economy. Read more

The Abraaj Group Successfully Exits Peru’s Iasacorp

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(Press Release) The Abraaj Group, a leading investor operating in global growth markets, today announced the successful exit of its investment in Iasacorp International, a prominent Peru-based retailer specializing in women’s accessories. Iasacorp operates store brands such as Do It!, Do It! Kids and Glitter. Read more

Axon Sells its Shares in ClickDelivery with a Return of Nearly 4x

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(Press Release) Axon Partners Group has exited ClickDelivery, the leading online food delivery service in the Andean Region, with Delivery Hero, one of the global leaders in the online food-ordering industry, becoming majority shareholders in the growing company. Read more

Linio, Rocket Internet’s Amazon Play In Latin America, Rakes In Another $79M

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(TechCrunch) Rocket Internet, the Berlin-based e-commerce incubator, is today announcing the latest chapter in its strategy to build out businesses in emerging countries. Linio, an Amazon-style e-commerce marketplace active in Mexico, Colombia, Venezuela and Peru, has raised an additional $79 million (€58 million), led by new investor Northgate Capital and Access Industries. The company says the financing will be used to expand its footprint to other large Latin American markets like Chile and beyond. Read more

JV Resguardo and The Carlyle Group Partner to Expand Liderman and Claves 3 Brands Regionally

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(Carlyle) Global alternative asset manager The Carlyle Group announced they have entered into a partnership to expand the Peruvian brands Liderman and Clave 3 to more countries in the region leveraging the brands’ successful business model and culture. Read more