(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 ($66 million) as one of its units settles a debt, which could allow it to continue operating during its bankruptcy process. Read more
(Valor Economico) Rio Bravo Investimentos, founded by former Central Bank President Gustavo Franco, has closed a new round of funding for a private equity fund aimed at investments in the energy sector. With the latest contribution of R$ 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.
(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.
(Press Release) Santiago, 10 de Octubre de 2013. Tanner Servicios Financieros ha suscrito un acuerdo con Capital International Private Equity Fund VI, L.P. n virtud del cual se pactó el ingreso de dicha entidad como accionista relevante de Tanner S.A. con la suscripción de acciones de primera emisión por un monto equivalente a los US$200m correspondiente al 27% de Tanner, sujeto a la aprobación de los Accionistas, para lo cual, en sesión Directorio de hoy ha citado a Junta Extraordinaria. Lea más aquí.
(Press Release) Santiago, on October 10, 2013 Tanner Servicios Financieros S.A. (“Tanner S.A.” or “the Company”) has signed an agreement with Capital International Private Equity Fund VI, L.P. (“CIPEF VI”) under which CIPEF VI has become a significant shareholder of Tanner S.A. through the subscription of newly issued shares for an amount equivalent to US$200m, representing 27% of Tanner S.A. Read more here