Northgate Capital Leads MXN$530m Investment in Extended Suites

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(Press Release) Northgate Capital along with Alta Growth Capital as co-investor, has led a MXN$530 million investment in Grupo Estancias Extendidas, S.A. de C.V. (“Extended Suites”). Extended Suites is the first hotel chain in Mexico exclusively focused on servicing the low-cost extended stay market segment. Extended Suites will use the investment to boost its expansion plan of over 40 new properties in the coming five years, beginning with the opening of at least eight new extended stay hotels during the next 12 months. Read more

InvertUP Launches First Listed VC Investment Vehicle (en español)

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(Pulso Social) InvertUP, a private investment vehicle run by incubator Parque Tec that owns a portfolio of LatAm startups worth US$13m, is raising up to US$3m on Costa Rica’s stock exchange from both retail and institutional investors. Read more

KKR & Mexico’s Pemex Set to Work on US$1.2b Sale Agreement

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(Reuters) KKR and Mexico’s Pemex are reportedly working on a US$1.2b sale and leaseback agreement. Pemex would sell some of its infrastructure assets to the fund, but will continue to operate and maintain them for 15 years and pay rent to KKR. Pemex plans to repurchase the assets after the lease ends. Read more

BankFacil Receives R$15m Series A (em português)

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(Valor Econômico) Brazilian online lending startup BankFacil has received a R$15m series A-II round from new investor Kaszek Ventures and previous backers Redpoint and Quona Capital. Read more

Nexxus Capital Announces Follow-On IPO of Grupo Hotelero Santa Fe

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(Press Release) Grupo Hotelero, created in 2010 as an integrating platform in the Mexican hotel industry and a portfolio company of Nexxus Capital Private Equity Fund, performed today a second Public Offering as a Follow-On to the Initial Public Offering that took place on September of 2014. Read more

Gávea Sells Stake in Camil (em português)

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(Exame) Gávea Investimentos is said to have sold its minority stake in Camil, one of Brazil’s largest food producers, to Warburg Pincus. Read more

Petrobas to Sell 81% Stake in a Natural Gas Pipeline Network to Brookfield for US$6b

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(Bloomberg) Brazil’s troubled state-run oil company Petrobras is close to selling a 81 percent stake in a natural gas pipeline network in Brazil for nearly US$6b to a consortium led by Brookfield Asset Management Inc, said three people with direct knowledge of the matter. Read more

Lupeon Receives R$3.5m Investment

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(Baguete) Brazilian Lupeon Ventures received a R$3.5m investment from SP Ventures’ Fundo de Inovação Paulista. Read more

Brookfield Buys Controlling Stake in Three Partnerships from ACS

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(Reuters) Spanish construction company ACS sold a controlling stake of 50% of three Brazilian electric transmission partnerships to Brookfield. Read more

Samba Tech Takes in US$3m

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(PEHub) Samba Tech, a distributor of online videos in Latin America, has raised US$3m in funding. The investor is José Augusto Schincariol. The capital will be used to bring the company’s newly launched mobile video app Kast to the U.S. Samba Tech’s previous backers include Draper Fisher Jurvetson. Read more