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

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

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

e.Bricks Ventures to Invest R$300m in Startups (em português)

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(Valor Econômico) e.Bricks Ventures is targeting R$300m for its second fund. Read more

Movile Invests R$13m in Brazilian Ticketing Startup Sympla

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(Baguete) Movile announced an investment of R$13m in ticket startup Sympla. Sympla is Brazil-based digital portal that allows users to create pages to sell tickets for events such as parties, shows, conferences, lectures and courses. Read more

University of Michigan to Invest US$30m in LatAm Agribusiness Fund

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(Bloomberg) The University of Michigan plans to invest US$126m in four funds, including one that focuses on private, mid-sized companies in the Nordic region and another that bets on Latin American agribusinesses. Read more

ChileGlobal Angels and Imagine Business Lab to Launch Strategic Collaboration (en español)

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(PulsoSocial) ChileGlobal Angles, the angel investment network and incubator and accelerator supported by Microsoft, has signed a strategic agreement with Imagine Business Lab to promote the search and active selection of new investment opportunities and to continue the development of innovation and entrepreneurship ecosystem in Chile. Read more