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…

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.

responsAbility Investments, a leading investor in the field of development investments, has fully exited from its indirect equity investment in MiBanco, Latin America’s largest microfinance bank by asset size, through a divestiture to majority shareholder Credicorp Ltd.

Puerto Rico’s Science, Technology and Research Trust (PRSTRT) will invest US$225k through Puerto Rican accelerator Parallel18’s follow on fund in Abartys Health, a Puerto Rican insurance startup, and Quiena, an Argentine fintech startup.

Global private equity firm H.I.G Capital has announced the acquisition of AAA office building Parque Ana Costa with 17,997 square meters of space, located in Santos, São Paulo, Brazil.  (BUSINESS…

U.S. private equity firm Pegasus Capital Advisors has sold its stake in Pure Biofuels Del Peru, the third largest fuels importer in Peru, to a subsidiary of Valero Energy Corporation.…

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By Gwen McLaughlin, Director, Private Equity, Trident Trust (Cayman Islands); Nick Bullmore, Partner, Carey Olsen (Cayman Islands); Adam Bathgate, Counsel, Carey Olsen (Cayman Islands) On October 2, 2017 the Cayman…

HCS Capital Partners completed a US$1m investment Ceptinel LLC, a Chilean fintech startup which specializes in regulatory technology (RegTech). (Business Wire) HCS Capital Partners (“HCS”) a Miami based Private Equity and…

Brazil-based independent tower company Brazil Tower Company (BTC) had a US$79m first close of a US$104m long-term senior secured debt financing with three international lenders led by Cordiant Capital. BTC…

ALLVP made an undisclosed investment in SocialDiabetes, a Barcelona-based health-tech platform for diabetes patient care.

Bamboo Capital Partners has announced its exit from the Peruvian-based microfinance bank Mibanco through a divestiture to Credicorp Ltd. for a total value of PEN$131.1m.  (Finextra) Bamboo Capital Partners (“Bamboo”),…

Vostok Emerging Finance led a US$55m Series C investment in Creditas, with participation from new investors Amadeus Capital Partners and Santander InnoVentures, and existing investors KaszeK Ventures, QED Investors, Quona Capital, the IFC and Naspers Fintech. In 2017 Creditas raised US$50m (led by Vostok) and a R$60m Series B (led by IFC).

Brazil’s antitrust authority CADE has approved Brookfield’s sale of a majority stake in São-Paulo-based Raposo Shopping to Jorge’s Imóveis e Administração, Grupo Rezek, Eacas Participações, and businessman Michel Michaluá Filho.…