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…

Dux Capital made an undisclosed investment in transcription startup Atexto.

CyrusOne, a global data center REIT, announced it will make a US$12m investment in ODATA, a data center in Brazil focused on serving cloud companies. The company has over 12 megawatts of capacity with plans to develop over 100 MW in Brazil, and will soon launch construction in Colombia.  ODATA is majority owned by Patria Infrastructure Fund III, managed by Patria Investments.

H.I.G. Capital acquired Tecfil, a Brazilian automotive filters producer serving the aftermarket segment.

Impulsora del Desarrollo y el Empleo en América Latina (IDEAL), CPPIB and Ontario Teachers expand a Mexican infrastructure partnership with an agreement to invest in Pacifico Sur, a 309 km toll road in Mexico. The investment is an expansion on the original acquisition of Arco Norte, a Mexican toll road, in 2016.

Domo Invest led a R$4m investment in Turbi, a Brazilian car-sharing platform.

Cedro Capital invested R$6m in Gira, a risk management platform for agribusiness receivables, through the Venture Brazil Central fund. 

GITS Brazil Real Estate Fund has been awarded the top ranking most sustainable private equity real estate fund in South America in 2018 by Global Real Estate Sustainability Benchmark (GRESB). …

Atlas Renewable Energy entered into three share purchase agreements for the acquisition of four photovoltaic projects in Mexico from Sun Power Corp. , while its subsidiary,Atlas Renewable Energy Mexico, S. de RL de CV obtained financing from Bancomext.

EIG Manabi Holdings acquired shares of Canadian investment management firm Classroom Investments Inc. in the Brazilian company MLog SA for an undisclosed amount.

GGV Capital led a US$63m Series A in Yellow, a Brazilian dockless bike service, with participation from monashees+, Grishin Robotics, Base10 Partners and Class 5. monashees+ and Grishin Robotics led a US$9m seed round in 2018.  Yellow is founded by Eduardo Musa, former CEO of bike manufacturer Caloi, and 99 co-founders Ariel Lambrecht and Renato Freitas.

H.I.G. Capital announced that one of its affiliates has completed a strategic investment in Clínica AMO, an independent oncology clinic in Brazil. 

DST Global led a US$200m investment round in Colombian on-demand delivery startup, Rappi, which is now valued north of US$1b, as first reported by Axios.  (TechCrunch) Rappi, the Colombian on-demand delivery…

Latin American tech companies have been targets of M&A, and IPOs since 2012. This is a list of highlighted tech companies that raised US$1m+ and were acquired/IPO’d during that period.

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),…

HIG Capital’s portfolio company, Symplicity Corporation,  announced the acquisition of Contratanet, the largest integrated network of career portals for jobs and internships in Brazil. 

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.