Tags: Banco do Brazil, Previ, Private Equity
(Estadao) In 2014, the Previ, the pension fund for employees of Banco do Brazil, will have R$1 billion available to invest in private equity funds. The value is very significant. Since 2006, when Previ started to invest in smaller companies, the average annual contributions did not exceed R$200m. Read more
Tags: ACON Investments, Emerging Markets, Fundraising, Latin America, Private Equity
(Alt Assets) Private equity firm ACON Investments has raised nearly $200m for its latest Latin American fund, AltAssets has learned. Read more at Alt Assets.
Tags: Apollo Global Management, Evertech, Private Equity, Puerto RIco
(Bloomberg) Apollo Global Management is planning to sell its remaining 11.2% stake (9.2m shares) in Evertech, a Puerto Rico-based transaction processing business in Latin America and the Caribbean. The company went public earlier this year at $20 per share, and closed trading yesterday at $21.85 per share. Read more
Tags: Limited Partners, Mexico, Private Equity
(Alt Assets) Limited partners are taking increasing notice of Mexico as a destination for their private equity commitments amid increasing political stability and declining growth elsewhere, a new report suggests. Read more
Tags: Brazil, Natural Gas, OGX, Private Equity
(WSJ) Heavily-indebted Brazilian oil firm OGX Petroleo e Gas Participacoes (OGXP3.BR) said Thursday it will receive a cash payment of 144m Brazilian reais ($66 million) as one of its units settles a debt, which could allow it to continue operating during its bankruptcy process. Read more
Tags: Brazil, Education, IPO, Private Equity
(WSJ) A second Brazilian educational group has wrapped up its flotation, despite struggling to win over investor enthusiasm. Read more
Tags: Brazil, Chile, Colombia, Latin America, Mexico, Neuberger Berman, Peru, Private Equity
(WSJ) Neuberger Berman, the former asset-management firm of Lehman Brothers Holdings that is now majority-owned by its employees, is hoping to seize private equity opportunities in Latin America. Read more
Tags: Energy, Private Equity, Rio Bravo
(Valor Economico) Rio Bravo Investimentos, founded by former Central Bank President Gustavo Franco, has closed a new round of funding for a private equity fund aimed at investments in the energy sector. With the latest contribution of R$ 96 million, the fund now holds R$ 559 million. The funds raised will be used for follow on rounds in the fund’s portfolio. Read more at Valor Economico.
Tags: Brazil, Grindord, Private Equity, Real Estate, Salamanca, South Africa
(Valor) The British firm Salamanca Group, specializing in risk management and investments, closed an association with the South African logistics company Grindrod to invest in logistics and real estate projects in Brazil. Each partner will have 50% of the business, which will involve investments of U$ 250 million over a period of up to two years. Read more at Valor.
Tags: Banco Espírito Santo, Brazil, Caixa, FUNCEF, Private Equity
(Reuters) Unlike the policy adopted historically by Brazilian foundations, Funcef – employees of Caixa Economica Federal, decided to participate in private equity even when the operation is not controlled by an investment committee. Read more