George Soros Puts Money on Latin America Hotels

Tags: , , , , , , ,

(WSJ) Billionaire George Soros’s investment firm has agreed to spend up to $300 million on an Argentine hotel company’s Latin America expansion, a vote of confidence in a region that has been suffering slow economic growth and waning investor interest. Read more

Rakuten Backs Spanish And Latin American Taxi App Cabify

Tags: , , , , , , ,

(TechCrunch) Cabify, a taxi app which operates in Latin America and Spain, has raised US$12m from Rakuten FinTech Fund, Seaya Ventures and others. Read more

The MIF Approves US$1.2m Project with Alta-El Dorado Emprendimien to Stimulate Peru’s Entrepreneurial Ecosystem

Tags: , , , , , ,

(Press Release) The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group , has recently approved a US$1.25 million technical cooperation grant for a project with Alta-El Dorado Emprendimiento, a Peruvian firm created by a strategic partnership between Alta Group Americas and El Dorado Investments, in partnership with COFIDE (la Corporación Financiera de Desarrollo del Perú). Read more

The Carlyle Group to Acquire and Merge Nuevo Mundo Viajes and Condor Travel

Tags: , , , , ,

(Press Release) Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced it has agreed to acquire two established Peruvian tourism companies, Nuevo Mundo Viajes and Condor Travel, and merge them to create a regional tourism platform. Nuevo Mundo is the chief outbound tour operator in Peru and Condor Travel is a prominent inbound tour operator in Peru. Equity for the transaction will come from the Carlyle Peru Fund. Financial terms of the transaction, which is expected to close in September, were not disclosed. Read more

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

Tags: , , ,

(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

Tags: , , , , , ,

(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

Tags: , , , , , ,

(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)

Tags: , , , , ,

(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

Tags: , , , , , , , ,

(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

Tags: , , , , , ,

(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