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
(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$30 million into the Brazil-based company.
(Valor Econômico) Gávea Investimentos, private equity fund manager founded by former Central Bank President Arminio Fraga, has closed a new investment round in Camisaria Colombo, the largest retailer of menswear in Brazil. Gávea also converted into shares its initial investment, made in 2011 in the form of debentures, and became a partner in the company. Terms of the deal were not disclosed, but the estimate is that the contributions adds up to at least R$ 150 million. Read more
(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
The R$108m (£36.7m) deal is part of an expansion by the UK-based private equity group in Latin America’s largest economy that stands in contrast to its restructuring efforts in its traditional markets. Read more
(Carlyle) March 2, 2012 – Global alternative asset manager The Carlyle Group today announced it has acquired an 85% ownership stake in Ri Happy, Brazil’s largest retail toy chain with 114 stores in 18 Brazilian states and around 2,300 employees. Terms of the transaction were not disclosed. Read more