TMG Capital Acquires 25% of Brazil’s Bacio di Latte (em português)

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(PFOlha de S.Paulo) TMG Capital has acquired a 25% stake in Brazilian ice cream company Bacio di Latte. Read more

Colombia to Let Pension Funds Invest 20% in Alternative Assets

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(Reuters) Colombia will soon allow pension funds to invest up to 20% of their assets in real estate, commodities, private equity, hedge funds and other alternative investments. Read more

JPMorgan Finalizing Sale of Brazil’s Gavea Back to Founder Fraga

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(Bloomberg) JPMorgan Chase & Co. is in the final stages of selling its Brazil private-equity and hedge-fund company Gavea Investimentos Ltda. back to the firm’s founding partners, which include former central bank president Arminio Fraga. Read more

PE Fund Tech II Buys 43.7% of Brazil’s Quality Software (em português)

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(Valor Econômico) Brazilian company Quality Software, which provides outsourced IT services, has announced a new investment round for R$42m from Invest Tech, BNDESPar, and the company’s former CEO. 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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Lexington Partners Opens Latin American Office

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(Lexington Partners) Lexington Partners, a leading global alternative investment manager, will further enhance the firm’s strong investor and GP relationships in Latin America following the opening of an office in Santiago, Chile, eight years after entering the Latin American region. Read more

Promecap Acquires 49% stake in Proactiva Medio Ambiente México

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(El Economista) Fernando Chico Pardo’s Promecap has acquired a 49% stake in Mexican environmental waste firm Proactiva Medio Ambiente México. Read more

HIG Capital Invests in Mr. Cat (em português)

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(Valor Econômico) H.I.G. Capital has acquired a minority stake in Brazilian shoes retailer Mr. Cat. Read more

Actis Exits Guatemalan Energy Provider Energuate

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(PRNewswire) Actis has reached an agreement to sell Guatemalan electricity distribution company Energuate to I.C. Power. The transaction is expected to close by the end of January. Read more

Brasil Plural Raises R$150m Distressed Fund

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(Valor Econômico) Brazilian financial group Brasil Plural has raised a R$150m turnaround/distressed PE fund. The fund already made its first investment this year in an undisclosed company. Read more