Intralot Group to Sell 80% of Intralot De Peru to Nexus Group

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(Reuters) Greek gaming solutions supplier and operator Intralot Group has reached an agreement to sell an 80% stake of its Peruvian subsidiary, Intralot De Peru S.A.C., to private equity firm Nexus Group. Read more

BlackRock to Launch First LatAm Infra Fund

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(Reuters) BlackRock targets 2016 launch for LatAm infrastructure fund. BlackRock Inc is accelerating its push in Latin America, making plans for its first launch of a private equity infrastructure fund targeting that market. Read more

Grupo Luksic and Peru’s Nexus Group Set to Exit Alusa (en español)

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(El Comercio) Chile’s Grupo Luksic and Peru’s Nexus Group have reached an agreement to sell Alusa, the largest flexible packaging business in South America, for US$435m to Australian firm Amcor. The transaction is expected to close in the upcoming months. Read more

Peru’s Government to Support Creation of VC Funds (en español)

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(Expreso) The Peruvian government has announced plans to support the creation/operation of VC funds, business incubators/accelerators, and angel networks. Read more

Alianza del Pacífico in Search of VC Fund Manager (en español)

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(Terra Noticias & Press Release) Alianza del Pacífico launched a call to select a general manager to take charge of it’s Venture Capital fund, according to Peru’s Ministry of Foreign Affairs, which holds the rotating presidency of the organization. Read more

Afluenta, the Leading Latin American Peer Lending Network, Receives US$8m from IFC and Elevar Equity to Expand in the Region

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(PRNewswire) Afluenta, the leading Latin America peer-to-peer lending network that brings together investors and creditworthy borrowers, announces today the completion of its Series B funding round from the International Finance Corporation (IFC), the private sector institution of the World Bank Group, and Elevar Equity, a leading impact venture capital firm. IFC and Elevar Equity are investing US$4m each. Read more

MIT Sloan Launches G-Lab in Peru in Search of Startups (en español)

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(El Comercio) MIT Sloan’s Global Entrepreneurship Labs opened in Mexico with the goal of solving critical challenges startups and fast growing companies face. Read more

Member Profile: Edgar Enrique Sandoval, Kandeo

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Member Profile: Edgar Enrique Sandoval, Kandeo

LAVCA caught up with Edgar Enrique Sandoval, Partner and CFO of Kandeo, to learn more about their core markets (Colombia, Mexico, and Peru) and how the integration of these economies as a result of the Pacific Alliance is creating an opportunity for mid-market private equity.
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Advent’s Grupo Biotoscana Acquires Laboratorio LKM

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(Press Release) Pharmaceutical company, Grupo Biotoscana SL in Latin America controlled by Advent International, announced it has completed the acquisition of Laboratorio LKM, a specialty pharmaceutical manufacturer based in Argentina. Read more

Sigma SAFI’s Chilena Colbún Acquires Peru’s Fenix Power

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(Gestión) An investor consortium composed of Chilean utility company Colbún, the Abu Dhabi Investment Authority (ADIA) and Sigma SAFI’s Infrastructure Fund has acquired thermoelectric power generation company Fenix Power Perú. Read more