(Valor Econômico) March 26, 2012 – CromoUp, a new online site that allows users to buy and trade virtual packages of stickers and content from celebrities, will launch this week. Brazilian singer Claudia Leitte is the first artist to participate in the project. CromoUp is backed by several investors, including Confrapar, a venture capital firm based in Belo Horizonte. Read more
Riverwood Capital Backed Company Synapsis Acquires Diveo Colombia (en español)
Tags: acquisition, Colombia, Deals
(Riverwood) March 22, 2012 – Riverwood Capital-backed Synapsis acquired Colombia-based Diveo with an investment of about US$35M over the next four years. The acquisition is in line with Synapsis’ expansion plans throughout Latin America.
Elo7 Inks Funding from Insight Venture Partners
Tags: Brazil, Private Equity, Tech, Venture Capital
(peHUB) March 16, 2012 – Elo7, the first and largest marketplace for buying and selling handicraft products in Brazil, announced it has raised capital from Insight Venture Partners, a private equity and venture capital firm focused on investing in the global software, e-commerce, and Internet industries. The new capital will be used to accelerate marketing initiatives, invest more in building the technology platform, recruit industry expertise and strength Elo7′s community of artisans. Insight Venture Partners is an existing investor in companies, like Twitter, Tumblr, Privalia and Groupalia. Read more
ACON Investments Leads Investment in Hidrotenencias
Tags: Funds, Infrastructure, Mexico, Panama
(ACON) March 12, 2012 — ACON Latin America Opportunities Fund, a private equity investment fund managed by an affiliate of ACON Investments LLC, announced today that it has led a consortium of co-investors that includes the Netherlands Development Finance Company (Dutch development bank) and Societe de Promotion et de Participation pour la Cooperation Economique (French development bank) to invest in a controlling stake in Hidrotenencias, S.A. Asergen, S.C., the largest developer of mini-hydro projects in Mexico, will support the Company with technical and operational assistance. Read more
The Carlyle Group acquires 85% of Ri Happy, Brazil’s largest toy retailer
(Carlyle) March 2, 2012 – Global alternative asset manager The Carlyle Group today announced it has acquired an 85% ownership stake in Ri Happy, Brazil’s largest retail toy chain with 114 stores in 18 Brazilian states and around 2,300 employees. Terms of the transaction were not disclosed. Read more
