Breakout Brazilian Food Delivery Service iFood Acquires Papa Rango and Alakarte To Expand Across Brazil

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(Webwire) iFood is announcing the acquisition of Papa Rango and Alakarte , two competitors in Brazil’s fierce market for food deliver y services. With these acqu isitions, iFood brings eighteen new cities into its network and expects to add over 50 thousand orders per month, bringing its total orders per month to over 400,000. iFood is now the go-to delivery service for the majority of Brazil. Read more

Spanish Placement Agent Sabertia Hires London Head Juan Savino

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(Financial News) Barcelona-based placement agent Sabertia Capital Partners has hired an executive from the Latin American private equity association, Juan Savino, to lead its London operations. Read more

Ecus Private Equity Launches US$100m Ecus Renewable Energy Fund in Chile

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(Press Release) Ecus Private Equity, a local, dedicated and independent funds manager with vast experience in the Chilean small and middle market is currently fundraising for its latest vehicle, Ecus Renewable Energy Fund. The Fund, structured as a close-end regulated public fund, has a target of US$ 100 million and expects to reach a first closing in Q1 of 2015, complementing the seed capital of US$ 7 million already provided by AXA Group. Read more

Brazli’s Portal Profes Receives Another Investment (em português)

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(Startupi) Portal Profes, which helps students find particular classes, received an investment from Grid Investimentos of an undisclosed amount. Read more

CinePapaya, the Startup of Peru’s Gary Urteaga, Raises US$2M from Movile (en español)

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(Pulso Social) Movile, the Brazilian internet conglomerate, is placing all bets on the Latin American consumer. After raising US$55m to finance their plan to “unify the electronic market by making the shopping experience easier and better for all,” Movile has just invested $US2m in CinePapaya, Peru’s mobile movie ticket vendor and start-up. Read more

KIO Networks Finalizes Acquisition of RedIT

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(PRNewswire) KIO Networks, an international provider of Information Technology services and mission-critical on-demand data centers, has concluded the final regulatory process regarding the acquisition of redIT, an international company specializing in providing IT managed cloud, connectivity, and data center services in the U.S. and Mexico. Mexican PE fund LIV Capital and the Abraaj Group had both backed RedIT. Read more

Mexico’s Axis Capital Management Back in the Market with a Target of MXN6.9bn (US$510m) (en español)

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(Press Release) Axis Capital Management is back with a Target of MXN6.9bn (US$510m). Read more

Magma Partners Invests in Deenty “The Google of Chilean Dentists”

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(PulsoSocial) Chilean-American private equity fund Magma Partners, which was launched this year with US$5m, added Deenty, an online dentist search platform, to their portfolio. Read more

Brazil’s Ouro Fino IPO Prices at Top of Range on Strong Demand

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(Reuters) Brazilian veterinary products maker Ouro Fino Saúde Animal Participações SA’s initial public offering priced at the top of the suggested price range on Friday, as investor demand for the nation’s first IPO of the year came in stronger than expected. Read more

Properati Receives New Round of Investments (em português)

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(Startupi) Properati, a platform with 400 thousand properties in Brazil and 130 million in Argentina, received a new investment round of R$5m from investment funds NEVEQ and NXTP. Read more