New York, March 5, 2019 – The Association for Private Capital Investment in Latin America (LAVCA) today announced the winners of the 2019 Latin American Private Equity Awards. A panel of institutional investors selected Riverwood Capital for the 2019 Private Equity Deal for their investment in Brazilian ride-sharing service 99.
Engie Factory made an undisclosed investment in 99Minutos, a last-mile logistics startup in Mexico that is backed by 500 Startups.
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…
SoftBank invested US$1.2m in Ayenda Rooms, a Colombian hotel chain with a digital reservation platform. In Latin America, SoftBank’s investments include 99 (2017) and Loggi (2018). (El Economista) Ayenda Rooms,…
Alternative investment management firm Starboard Restructuring Partners is in talks to purchase ten onshore oil fields in Brazil’s northeast region from Petrobras. (Valor Econômico) A Petrobras está fechando um acordo…
SoftBank announced an initial US$2b commitment on a new SoftBank Innovation Fund to invest in Latin American startups, with a target of US$5b. SoftBank’s investments in the region include 99…
Private equity firm L Catterton acquired Argentina-based winery Susana Bello Wines, for an undisclosed amount. (La Nacion) El fondo de inversión L Catterton sumó su segunda bodega en la Argentina.…
Portland Private Equity led a US$14m investment in Merqueo, a Colombian grocery startup, with participation from Endeavor Catalyst. Mountain Nazca Colombia and Velum Ventures invested previously. (Press Release) Merqueo raised…
Cabify secured US$70m in structured financing from IDB Invest and Blue Like an Orange Sustainable Capital to support responsible expansion within the region. This is IDB Invest’s first deal supporting digital…
Media Development Investment Fund (MDFI) has announced the closing of their Emerging Media Opportunity Fund I, a private equity fund for independent media operating in restrictive environments, at US$12.95m. (Press…
LAVCA spoke with Paul Carttar the co-founder of the International Venture Philanthropy Center (IVPC) and former Director of the Social Innovation Fund (a priority program of the Obama Administration), about…
SoftBank is preparing a Latin American fund that “could reach several billion dollars in size,” according to Bloomberg. SoftBank COO Marcelo Claure, a Bolivian, will run the new fund. Since 2018,…
Nexxus Capital announced that, effective January 1st, 2019; Iker Paullada and Amadeo Valdés will be promoted to Director. (Press Release) Nexxus, a leading firm investing in private equity and Mezzanine…
#UNICORNS SoftBank will lead a US$190m (and up to US$500m) investment in Gympass, a Brazilian B2B gym membership platform with global operations, at a reported valuation of US$1.1b. Previous investors include General…
The Abraaj Group and Colony Capital, a global investment firm, have signed a definitive agreement for Colony Capital and the existing management team to acquire the Abraaj Group’s private equity…
NH Securities invests R$327M in Venture Capital Investimentos, a Brazilian real estate investor. (O Povo) A Venture Capital Investimentos (VCI), responsável pela implementação dos projetos Hard Rock Hotel no Brasil…
Private Equity Fund Aqua, managed by Renta4Global, acquired a 51% stake in Dann Regional. The transaction is subject to approval of Colombia’s Superintendencia Financiera. (Valora Analitik) La Financiera Dann Regional…
Dallas-based private equity firm Lone Star has acquired San Antonio Internacional, an Argentina-based oil exploration and drilling company, for a sum close to US$150m. (Río Negro) Por una suma cercana…
Sigma Safi sold a US$250m bond through co-issuers Parque Eólico Marcona and Parque Eólico Tres Hermanas. Sigma used part of proceeds to fund the acquisition of the remaining 51% stake…
Mexican private equity firm Discovery Americas has signed an agreement to invest in Mas Air, an airline specialized in the shipment of air freight in Latin America and the US.…