Kinea Investimentos to Buy a 20 Percent Stake in Clothing Store Lojas Avenida (em português)

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(Exame) Alternative investment management firm Kinea Investimentos has agreed to purchase a 20 percent stake in Brazil-based clothing store Lojas Avenida for R$200m (approximately US$84.5m).

Kinea has the option to double this stake within five years. Lojas Avenida operates 105 stores in various Brazilian cities and intends to use the capital injection to open 30 stores in 2014. The transaction is pending approval from Brazil’s antitrust agency CADE and is subject to other closing conditions. Read more

Online Retailer Dafiti Receives R$50m Investment from IFC

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(Valor Economico) Capital from the World Bank’s private-sector arm will be spent in technology and could finance another distribution center in Brazil. Read more

2bCapital Buys Minority Stake in Aramis (em português)

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(Exame) The chain of menswear stores Aramis signed on Thursday the sale of a minority stake of 30% to private equity fund manager 2bCapital – controlled by Banco Bradesco and Banco Espírito Santo, according to people in the retail market. With revenues of about R$200m, the company founded in 1995 currently has 34 locations in 12 states. The deal was advised by boutique investment firm Target Advisor, who also advised in the sale of retailers VR Mensware, Bobstore and Mandi to Inbrands, the fashion arm fashion of fund manager Vinci Partners. Read more

WAMEX Invests US$7m in Bodesa (en español)

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(El Financiero) The private equity fund, Wamex Capital, announced that it completed an investment of P$93m in retail company Bodesa through one of two capital development certificates (CKD). Read more

Ontario Teachers’ Pension Plan Invests US$70m in Latin America’s Dafiti Group

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Press Release The Dafiti Group, Latin America’s leading fashion e-commerce, today announced its largest funding worth USD 70 million from the Toronto-based Ontario Teachers’ Pension Plan (Teachers’), one of the world’s leading funds. Read more

Dress & Go Receives a R$1m Investment from A5 (em português)

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(Exame) Dress & Go, a company specializing in online dress rental, announced a contribution from A5 Internet Investments of R$1 million. The investments in Brazilian startup should be expanded within three years, reaching R$15 million. Read more

Leblon Equities Buys 50% of City Shoes Network

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(Valor) Shoe retailer City Shoes sold 50% of its capital to Leblon Equities. The partnership aims to accelerate the company’s expansion, especially the interior of the country, and restructure its distribution and online sales. Transaction details were not disclosed, but market sources estimate that the new partner will inject around R$30 million into the Brazil-based company.

Gávea Invests R$ 1,500 in Vehicle Rental Company, Unidas (em português)

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(Exame) São Paulo – Two years ago private equity funds Gávea , Kinea and Vinci bought 47% stake in vehicle rental company Unidas for R$300 million. The funds now have a controlling stake in the company with an investment equal to R$1,500 Read more

Gávea Investimentos closed new investment round in Colombo (em português)

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(Valor Econômico) Gávea Investimentos, private equity fund manager founded by former Central Bank President Arminio Fraga, has closed a new investment round in Camisaria Colombo, the largest retailer of menswear in Brazil. Gávea also converted into shares its initial investment,  made in 2011 in the form of debentures, and became a partner in the company.  Terms of the deal were not disclosed, but the estimate is that the contributions adds up to at least R$ 150 million. Read more

Minimalist design and maximum quality: Basico receives investment to create clothes (em português)

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(Startupi) The entrepreneur Alexandre Veiga, known as Bio Veiga, announced today that he raised a round of investment for his new fashion company, Basico. The investment comes from Initial Capital and Guilherme Soarez, former senior executive at C&A in Brazil, investing together a total of BR$ 1million. Read more