Didi Chuxing plans to acquire a majority stake in Brazilian rideshare startup 99 for ~US$600m. This officially puts 99 in unicorn territory. Didi and Riverwood Capital invested over US$100m in…

BCM CKD Management, an affiliate of the Black Creek Group, has listed a MXN$3.99b CKD vehicle on the Mexican Stock Exchange (BMV) to make direct and indirect private equity investments…

Japan’s Softbank and Riverwood Capital bought a minority stake in 99 (formerly 99 Taxis), a Brazilian rideshare company, for US$100m. Investors in 99 include Didi Chuxing, Riverwood Capital, monashees+, Qualcomm…

Didi and Riverwood Capital completed an investment in Brazilian car sharing company, 99 (formerly 99 Taxis). (Valor Econômico) O fundo americano de private equity Riverwood Capital se juntou à lista de…

(Valor Econômico) Chinese transportation giant Didi Chuxing led an investment in Brazilian rideshare company 99 (formerly 99 Taxis) of over US$100m. The investment round also included participation from monashees+, Qualcomm…

(Baguete) Brazil’s two largest taxi apps, 99 Taxis and Easy, both of which have received investments from Rocket Internet, Monashees Capital, Qualcomm Ventures and Tiger Global, are negotiating merger to withstand Uber’s…

(NYTimes) 99Taxis is raising US$100m, despite economic and political crises in Brazil.

(Startupi) 99 Táxis receives a new round of investments led by investment firm Tiger Global Management. Also participating in the round is Qualcomm Ventures and Monashees Capital, who already invested…

(IFM Investors) OHL Mexico, one of the leading groups in the infrastructure sector in Mexico, and IFM Investors, a uniquely-structured global fund manager, have signed today a transaction for the…

(Startupi) Incube, the investment fund and developer of mobile applications and technologies, acquired 99Motos, a startup for courier services, for R$3m. The company has since been relaunched as MovMov.it.

(Business Wire) 99designs, the largest online graphic design marketplace in the world, today announced it has acquired LogoChef, one of Brazil’s leading design marketplaces. 99designs has also launched a Portuguese…

Mexico is fast emerging as the new battleground for the global transport wars, from rideshare and delivery to e-scooters and mopeds: In the past year, Chinese heavyweights Didi Chuxing (rideshare),…

Advent International has announced the closing of its investment in an 80% equity stake in Walmart Brazil. 

monashees+, Sinai Ventures, Liquid2 Ventures, 500 Startups, Base10 Partners and others made an undisclosed seed investment in Grin, an e-scooter company that just joined Y Combinator.

Movile raised a fresh US$124m round of financing for iFood, led by Naspers, with participation from Innova Capital. Last year, Movile raised US$82m for iFood and US$53m for Movile, also from Naspers and Innova Capital.

Canary made an undisclosed seed investment in Go Good, a collaborative exercise app.

ACON announced that its third Latin American-focused private equity fund, ACON Latin America Opportunities Fund, L.P. and ACON Latin America Opportunities Fund-A, L.P., completed the sale of its portfolio company, Hidrotenencias, Panamanian hydro power plants, to EnfraGen Spain, a subsidiary of Glenfarne Group. 

monashees+ and Qualcomm Ventures made a R$14.7m investment in Hi Technologies, a Brazilian healthcare startup. Hi Technologies received an investment from Positivo Tecnologia in April 2016. (Valor Econômico) A Positivo…

LAVCA spoke with Brian Finerty, CIO of Equity International, about the opportunity for real estate investment in Latin America, including…

Paladin Realty, LLC, announced that it has hired Alvaro Rodriguez to join its Mexico City office as an Investment Manager. The LatAm focused fund manager says that Rodriguez will focus on the acquisition and management of the firm’s property investments in Mexico.

Abraaj Holdings, Abraaj Investment Management (together “the Group”), and Colony Capital successfully reached an agreement on the principal terms for the sale and purchase of the Group’s Latin America, Sub Saharan Africa, North Africa, and Turkey Funds management business, and the Group’s Limited Partnership interests in the underlying Funds, along with staff in the eight offices being transferred under the terms of the deal.

Canary made a R$1m investment in LaPag, a Brazilian beauty salon management platform, with participation from angel investor Renato Feitas.

Bzplan and FIR Capital made a R$3m investment in PhoneTrack, a Brazilian startup using voice technology to optimize telephone marketing campaigns.

Global private equity firm H.I.G. Capital has completed a strategic investment in Grupo Meridional, which oiperates five hospitals in the State of Espírito Santo in Brazil.

ACON Investments in partnership with Humus Capital Partners have acquired a majority stake in Biosidus S.A. and Biosidus Farma S.A. (collectively, “Biosidus”), Argentina’s largest manufacturer and distributor of biosimilar pharmaceuticals.

Oikocredit, MicroVest Capital Management and Triodos Investment Management jointly sold their equity stakes in Banco Solidario, providing a full exit for the social impact investors. Banco Solidario was founded in Ecuador in 1996 and provides loans to SMEs among other financial products and services.

Real estate developer and fund manager Grupo IGS is set to purchase a Mexican industrial portfolio dubbed Frontera, which consists of 37 warehouses located across the Mexico-U.S. border in the cities of Tijuana, Ciudad Juárez, Reynosa, and Matamoros. The purchase is subject to the approval of the Federal Economic Competition Commission (COFECE).

Advent International will acquire a majority stake in Walmart Brazil.  Walmart Inc. will retain 20 percent stake upon completion of transaction.

Wharton Alumni Angels’ Brazil Chapter is looking to invest R$9-12m in local startups this year, according to BTG Pactual president Roberto Sallouti, who recently joined this angel network.

Visa led a US$12.5m strategic investment in Latin American fintech pioneer YellowPepper, with participation from existing investors. LIV Capital led a US$19m Series C investment in 2015 with participation from Mexico Ventures, Fondo de Fondos and the IFC.