MIF Invests in Promotora’s Medellín-based VC Fund with a Focus on Companies in the Pacific Alliance (en español)

PulsoSocial) The Multilateral Investment Fund (MIF) approved an equity investment of US$4m in Early Growth Promoter II, a venture capital fund based in Medellín (Colombia) managed Promotora SA. Read more

Riverstone and EnCap Invest US$225m Each in Mexican Oil and Gas Company

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(PEHub) Riverstone Holdings and EnCap Investments have each committed US$225mto Sierra Oil & Gas, a Mexican exploration and production company. Infraestructura Institucional, a Mexican infrastructure private equity firm, committed US$75m to the company. All three investors have the option to double their existing commitments once initial equity has been deployed. Read more

British Food Delivery Giant Just Eat Forms Joint Venture with Brazil’s iFood

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(New York Times) Just Eat, the British online food-ordering giant that has been expanding globally, has decided to join the competition in Brazil rather than continue fighting it. Read more

Precifica Receives R$3m from Hi Partners (em português)

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(E-commerce News) Precifica, an intelligent pricing platform for businesses, announced an investment of R$3m from Hi Partners, a holding company focused on innovative Tech and Internet companies. The investment will be used to improve the platform. Read more

H.I.G. Capital Backs Grupo NZN and Click Jogos Merger

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(PEHub) H.I.G. Capital has completed strategic investments in Grupo NZN and Click Jogos, both Brazil digital media businesses. As part of the transaction, NZN and Click Jogos will merge. Read more

São Paulo Innovation Fund Makes First Investment of R$4mm in Promip

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(Press Release) Promip, an agricultural biotechnology firm located in Engenheiro Coelho, deep in the São Paulo Countryside, is the first company to be invested by the São Paulo Innovation Fund, which is managed by the venture capital general partnership SP Ventures. Read more

Victoria Capital Partners Acquires Elemidia for R$100m (em português)

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(Valor Economico) Grupo Abril will sell the Elemidia – supplier of commercial elevator building monitors – for the holding of private equity Victoria Capital Partners for about R$100m. The transaction involves the entire capital of Elemidia and should be completed in approximately two weeks. Read more

Actis to Invest US$250m in Mexican Energy Platform

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(Press Release) Actis is committing US$250 million to establish a Mexican energy platform, Zuma Energía, which will target over 500 MW of installed capacity in the country. Read more

Avenida! Receives US$17.5m to Strengthen its Platform in Argentina (en español)

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(PulsoSocial) Despite being headquartered in an Argentina mired by a cyclical series of crises and technical default, small early stage e-commerce site, Avenida!, achieved an unexpected milestone when it received US$17.5m from Tiger Global Management and Naspers. Read more

LatAm SMS Jobs Startup Emprego Ligado Closes US$7m Series A To Expand

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(TechCrunch) Developing markets such as Latin America are eating up smartphone use, and a startup emerging out of Brazil is making the best use of that trend. Emprego Ligado is a job marketplace which competes with local job sites and staffing agencies for blue-collar Brazilians. In 2012, it got backing from investors including 500 Startups and Initial Capital to crack the Brazilian market. Now it’s won more firepower in the form of a US$7m in Series A funding from an international syndicate of investors including Monashees Capital, Grupo RBS e.Bricks and Qualcomm Ventures. The funding will be used for geographic expansion. Read more