Receives Investment Round Led by Astella Investimentos (em português)

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(E-commerce) The e-commerce tire and automotive parts and accessories company Itaro, announced the receipt of a new Series A contribution headed by Brazilian Astella Investimentos Investment Fund, along with the participation of foreign funds, such as Simile Russian, Ukrainian TA Ventures, Mexico’s VARIV and Argentinian IG Angels. With the initial investment of R$10m, Itaro expects to reach over R$30m in investments for 2014. Read more

Advent International to Invest in Cataratas do Iguaçu S.A.

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(Press Release) Advent International, one of the largest and most experienced global investors dedicated solely to private equity, today announced that it has agreed to make a significant equity investment in Cataratas do Iguaçu S.A. Advent will work closely with the company’s current shareholders, all of whom will retain ownership in the business, to improve Cataratas’s services and operations and expand into additional parks and tourism-related businesses in Brazil. The investment, which is subject to certain closing conditions, is expected to be completed in the second half of 2014. Terms were not disclosed. Read more

Brazil’s NEO Investimentos Targets International Capital for First Time

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(PEHub) NEO Investimentos, a Brazilian-based GP, is raising its third fund and targeting international limited partners for the first time, according to two people with knowledge of the process, as well as regulatory documents. Read more

Logovia Receives Investment Led by Initial Capital (em português)

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(Startupi) Brazilian marketing material design company, Logovia, announced it received an investment from Initial Capital, Rising Ventures, Beberibe Ventures along with a new angel investor in the business, Helmut Harz, CEO of ClickOn Argentina. Read more

Brasilera Clickbus Receives US$10m to Run the World via Bus (em português)

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(Startupi) Clickbus received a second round of investment Internet Group, Tengelmann Ventures and Holtzbrink Ventures after receiving an initial investment of US$2.5m from Rocket Internet. In addition, the company announced plans to expand to Turkey and Pakistan in addition to its current operations in Brazil, Germany, Mexico, Poland and Thailand. Read more

TIL Acquires 50% of Argentina’s International Trade Logistics

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(Press Release) MSC Mediterranean Shipping Company today announced that TIL has acquired Global Infrastructure Partners’ 50% interest in International Trade Logistics (“ITL”). Read more

Management Startup Nibo Receives Investment from Two Funds

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(Exame) Nibo, the financial software management company for small and medium businesses, announced today a new investment from funds Redpont e.Ventures and Valor Capital Group. In addition, the startup launched a new tool to facilitate communication between entrepreneurs and accountants. Read more

Incube Buys 99Motos for R$3m and Relaunches as (em português)

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(Startupi) Incube, the investment fund and developer of mobile applications and technologies, acquired 99Motos, a startup for courier services, for R$3m. The company has since been relaunched as Read more

Vale Concludes Sale of Stakes in VLI to Brookfield

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(Press Release) Vale informs that it has concluded the transaction announced on December 23, 2013, transferring 26.5% of the total capital of VLI to investment funds managed by Brookfield Asset Management, for R$2b. As a result of the completion of this transaction, Vale now holds 37.6% of VLI’s total share capital. Read more

LAFISE Group Launches LatAm SME Investment Fund III

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(Press Release) On August 14, 2014, the initial closing of US$28.75m was completed for CASEIF III L.P., a Private Equity Fund with a total fund size target of US$50m aimed to invest on sector of small and medium-sized enterprises (SMEs) in Central America, the Dominican Republic and Colombia. Read more