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

Tags: , , , , ,

(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 $US2m 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)

Tags: , , , ,

(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

Tags: , , ,

(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

Tags: , , , ,

(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

Tags: , , , , , ,

(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

Tags: , , , , , , , , , , ,

(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

Tags: , , , ,

(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

Apax Plans Investments in Brazil

Tags: , , , ,

(WSJ) U.K-based private-equity firm Apax Partners LLP plans to invest hundreds of millions of dollars in Brazilian companies in the next 12 to 18 months, an executive of the firm said. Read more

Canada Pension Plan Investment Board Acquires Additional 23.6% Stake in Peruvian Pipeline

Tags: , , ,

(Press Release) Canada Pension Plan Investment Board (CPPIB) announced today that it has completed the acquisition of a 23.6% equity stake in Transportadora de Gas del Perú S.A. Read more

Neuberger Berman Favors Private Equity in Latin America

Tags: , , , , , , ,

(WSJ) Neuberger Berman, the former asset-management firm of Lehman Brothers Holdings that is now majority-owned by its employees, is hoping to seize private equity opportunities in Latin America. Read more