(Fusões e Aquisições) Brazilian retailer Camisaria will once again be controlled by brothers Álvaro and Paulo Maluf, the founding family of the business. The partners bought the participation of Gávea Investimentos, the investment firm founded by the Banco Central Arminio Fraga. Read more
(Startupi) Ecommet, a financial e-commerce software provider, is the fourth startup to receive an investment from Mercado Libre Commerce Fund (the investment arm of MercadoLivre startup group). The program designates a total of US$10m for the financing of startups that can best utilize the potential of the MercadoLivre platform from its APIs. Read more
(Press Release) The Abraaj Group, a leading investor operating in global growth markets, today announced the successful exit of its investment in Iasacorp International, a prominent Peru-based retailer specializing in women’s accessories. Iasacorp operates store brands such as Do It!, Do It! Kids and Glitter. Read more
(Startupi) OQVestir, the leading online store for female luxury fashion, received its third investment of US$30m in a round that included funding from TMG Capital. Previous rounds included investments from Kaszek Ventures and Tiger Global. The objective of the new round is to continue with its plans for expansion. Read more
(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