Brookfield Renewable Energy Partners L.P. announced an agreement to acquire a 488 MW multi-technology renewable portfolio in Brazil from Energisa S.A. The transaction represents a total enterprise value of approximately R$2.4b (US$935m), subject to working capital adjustments. Read more
(DowJones) Advent International is weighing opening an office in Lima, Peru, following the successful close of its US$2.1b Latin America fund last week. The firm, which closed the fund on its hard cap on Nov. 6, is currently in negotiations over a “few deals” in Peru, which if successful, could see the firm open an office in the Peruvian capital, according to Latin America-based Managing Partner Patrice Etlin. Read more at Dow Jones.
(Press Release) Mexico’s Axis Capital Management has just raised US$480m (MXN6,500m) for its latest investment vehicle or “CKD,” which will allow Mexican pension funds to invest in private equity.
(Press Release) Pinebridge Investments, the leader in investing in diversified asset classes, announced the nomination of John L. Thornton as their new non-executive Chairman which will be made effective November 21, 2014. Mr. Thornton will assume the chairmanship of E. Mervyn Davies, Lord Davies of Abersock, CBE, who successfully served as Chairman for 4 years. Read more
(Press Release) Advent International, one of the largest and most experienced global private equity investors, today announced that it has received US$2.1b in commitments for Advent Latin American Private Equity Fund VI, reaching the Fund’s hard cap after less than six months in the market. Read more