(Bloomberg) Carlyle Group LP (CG) plans to overcome a slowdown in Latin America’s largest economy by reviving an initial public offering for its Brazilian travel agency after shelving the sale last year. Read more
(Bloomberg) Apollo Global Management is planning to sell its remaining 11.2% stake (9.2m shares) in Evertech, a Puerto Rico-based transaction processing business in Latin America and the Caribbean. The company went public earlier this year at $20 per share, and closed trading yesterday at $21.85 per share. Read more
(Press Release) TOTVS, a Brazilian leader in the development of enterprise management software, announced the purchase of up to 72% of the shares of Ciashop – Soluções para Comércio Eletrônico S.A., a developer of e-commerce solutions. With the acquisition, TOTVS receives 50% of the Ciashop shares held by the Ideiasnet and 18.5% of the shares held by its directors. TOTVS will pay R$19.4 million for the acquisition. Click here for full press release.
(Startupi) Desenvolve SP – São Paulo Development Agency – recently announced the launch of a new fund, Fundo Inovação Paulista (Paulista Innovation Fund) which will be managed by SP ventures. The fund will target innovative companies headquartered in the state of São Paulo, with annual turnover of up to R$3.6 million and operating in areas such as agricultural technologies, healthcare technologies, IT, new materials and nanotechnology. Read more
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