Gávea Exits Camisaria Colombo (em português)

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(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

Mercado Libre Invests in Ecommet (em português)

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(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

The Abraaj Group Successfully Exits Peru’s Iasacorp

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(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

After Tough Competition, Rival Baby E-Commerce Sites in Brazil to Merge

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(Dealbook) The online baby and maternal products company BebeStore completed an agreement to acquire its former rival Baby, and was expected to announce the deal this week. Read more

After Tough Competition, Rival Baby E-Commerce Sites in Brazil to Merge

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(Dealbook) The online baby and maternal products company BebeStore completed an agreement to acquire its former rival Baby, and was expected to announce the deal this week. Read more

Mexico’s Actinver raises $62.3m for new private equity fund

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(Bloomberg) Corp. Actinver SAB said it raised US$62.3m for a new Mexico-focused private-equity fund, joining KKR & Co. and General Atlantic LLC in exploring opportunities as the country revamps its oil industry. Read more

Brazil’s Netshoes Receives US$170m Investment

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(Reuters) Brazilian online sports goods retailer Netshoes has received a new round of $170 million investment led by Singapore’s sovereign wealth fund GIC. Read more

OQVestir Receives Third Round of Investments from TMG Capital (em português)

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(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

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