LAVCA distributes the latest PE/VC activity in Latin America via its proprietary publications, the LAVCA Private Capital Update and the LatAm Venture Bulletin.
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IDB Lab is launching the LAC Venture Debt Fund to support Latin American entrepreneurs with venture debt financing. Fund managers with experience in the region are invited to submit proposals to manage…
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Jamaica fund manager, First Rock Capital Holdings Limited has raised US$2.5b to invest 80% in real estate and 20% in private equity investments in the Caribbean and North America. (The…
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Brazilian real estate startup Loft raised a US$70m Series B at a valuation of ~US$370m, led by Fifth Wall Ventures and QED Investors. Loft raised a US$18m Series A in…
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NESsT launched a US$20m impact fund for Latin America, with a first close of US$3m with social investors, including DFIs, foundations, non-profits and philanthropists. The fund will loan an average…
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Criatec 3, managed by Inseed Investimentos, made a R$3m investment in VarejOnline, a software platform for retail management. (Baguete) A VarejOnline, companhia de Santa Catarina dona de um sistema de…
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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,…
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Canadian asset management firm, Brookfield Asset Management, will acquire a majority stake in Oaktree Capital Management. The two businesses will continue to operate independently. Oaktree’s co-chairman, Howard Marks, will join…
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Singapore’s sovereign wealth fund, GIC has sold 18.5% stake of Somos Educação to Kroton for R$1.2b. (Valor Econômico) O GIC, fundo soberano de Cingapura, vendeu a fatia de 18,5% que…
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Vinci Partners, Capital Group and Temasek Holdings partially exited Brazil’s Burger King with the sale of a R$750m stake via a follow-on offering. (Valor Econômico) O Burger King Brasil vai…
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Brazilian private equity firm, Gávea Investimentos, is raising a R$2b fund to invest in Brazil. (Valor Econômico) Após pouco mais de quatro anos de sua última captação e mudanças no…
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PayPal will make a US$750m strategic investment in MercadoLibre through a common stock investment. Dragoneer Investment Group will purchase an additional US$100m of Series A perpetual convertible preferred stock. (Press…
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Pampa Camarones, a Mineria Activa portfolio company, has announced the closing of a US$10m financing agreement contract with Mitsui. Funds will be used for working capital to restart Pampa Camarones…
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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…
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Sura Asset Management, through Fondo de Inversión Sura Renta Inmobiliaria II and Sura Renta Inmobiliaria III, acquired 100% interest in Inversiones ELA. (Global Legal Chronicle) Administradora General de Fondos Sura…
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Smart Money Ventures made a R$1m investment in Produttivo, a software platform for field service management. (Baguete) A Produttivo, startup de Curitiba especializada em software para gestão de inspeções e…
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Australia’s IFM Investors has announced the termination of the concession of Valparaiso’s Port Terminal 2 by Abril 2021. (Diario Financiero) Un nuevo golpe a las inversiones sufrió la ciudad de…
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CVC Capital Partners Fund VII and Messer Group have announced the completion of the planned acquisition of certain businesses in North and South America from Linde, a supplier of industrial…
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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…
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Omidyar Network spun off its financial inclusion investment arm as Flourish Ventures. The new firm launches with US$300m in capital for investments (equity and grant) and operations, and will maintain…
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IGNIA invested US$1.5m in Fondeadora, a Mexican open banking platform. (Press Release) Mexico City, March 5, 2019: Fondeadora, the open banking platform that allows its users to manage their money…
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U.K private equity firm Actis is in talks to sell CNA, Brazilian language school chains. (Fusões & Aquisições) Após seis anos investido na rede de idiomas CNA, o fundo inglês…
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In early 2019, the federal executive branch of the Mexican Government introduced a proposal to amend provisions of the Pension Funds Systems Law. LAVCA spoke with Nader, Hayaux & Goebel about…
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Fen Ventures led a US$3m Series A in Destacame.cl, a Chilean financial inclusion platform, with participation from previous investors Accion Venture Lab and Mountain Nazca Chile. (Press Release) Santiago, Chile,…
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Chilean foodtech NotCo raised a US$30m investment led by The Craftory, with participation from Bezos Expeditions, MAYA Capital and previous investor KaszeK Ventures. NotCo is The Craftory and Amazon CEO…
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Canadian agroforestry project developer Ecotierra launched Urapi, its first sustainable impact fund. Urapi will develop, invest, and implement sustainable agroforestry projects in Latin America. The fund’s first project is Cafe…
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Jamaica fund manager, First Rock Capital Holdings Limited has raised US$2.5b to invest 80% in real estate and 20% in private equity investments in the Caribbean and North America. (The…
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Canadian asset management firm, Brookfield Asset Management, will acquire a majority stake in Oaktree Capital Management. The two businesses will continue to operate independently. Oaktree’s co-chairman, Howard Marks, will join…
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Singapore’s sovereign wealth fund, GIC has sold 18.5% stake of Somos Educação to Kroton for R$1.2b. (Valor Econômico) O GIC, fundo soberano de Cingapura, vendeu a fatia de 18,5% que…
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Vinci Partners, Capital Group and Temasek Holdings partially exited Brazil’s Burger King with the sale of a R$750m stake via a follow-on offering. (Valor Econômico) O Burger King Brasil vai…
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Brazilian private equity firm, Gávea Investimentos, is raising a R$2b fund to invest in Brazil. (Valor Econômico) Após pouco mais de quatro anos de sua última captação e mudanças no…
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Pampa Camarones, a Mineria Activa portfolio company, has announced the closing of a US$10m financing agreement contract with Mitsui. Funds will be used for working capital to restart Pampa Camarones…
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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…
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Australia’s IFM Investors has announced the termination of the concession of Valparaiso’s Port Terminal 2 by Abril 2021. (Diario Financiero) Un nuevo golpe a las inversiones sufrió la ciudad de…
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CVC Capital Partners Fund VII and Messer Group have announced the completion of the planned acquisition of certain businesses in North and South America from Linde, a supplier of industrial…
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U.K private equity firm Actis is in talks to sell CNA, Brazilian language school chains. (Fusões & Aquisições) Após seis anos investido na rede de idiomas CNA, o fundo inglês…
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Canadian asset management firm, Brookfield Asset Management is in talks to acquire Sabesp, the São Paulo state sanitation company. The deal is subject to new regulatory framework for the sanitation…
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Argentine seed production company Satus Ager, a portfolio company of Victoria Capital, has acquired Argentine seed supplier, Tecnoseeds. (Valor Econômico) A argentina Satus Ager, que presta serviços para a produção, condicionamento…
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Alternative asset management firm, Lyon Capital is in talks to acquire a 30-MW Inhare I solar project in Rio Grande do Norte from financial consultancy Hichens Harrison. (DCI) A gestora…
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Spruceview Capital Partners listed a US$300m CERPI on Mexico’s BMV to invest globally. (Columbus) Spruceview México, un fideicomiso de Spruceview Capital Partners, un gestor de inversiones, dijo que el próximo…
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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.…
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StepStone announced the promotion of Bruna Riotto to Managing Director for Private Equity in the firm’s São Paulo office. This is following the opening of StepStone’s second office in Latin…
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PG Impact Investments has closed its inaugural social impact fund with commitments totaling US$210m, exceeding its initial target of US$150m. (Press Release) PG Impact Investments has seen strong client demand…
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Private equity firm H.I.G Capital announced its investment in Digital Ware, an independent software supplier in Colombia. This represents H.I.G’s first investment in Colombia. (Press Release) -Feb 12, 2019–H.I.G. Capital,…
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Darby Private Equity, through Darby Latin American Private Debt Fund III, L.P, has invested in Pharma Consulting Group, a Latin American specialty pharmaceutical distribution company. Transaction details were not disclosed.…
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Brazil’s Pátria Investimentos will create a joint venture with Shell and Mitsubishi Hitachi Power Systems to build the Marlin Azul thermal power plant. Pátria will have 50.1% stake of the…
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Private Equity firm Alothon Group has acquired a majority stake in Brazilian energy marketer Elétron Energy. (Valor Econômico) O fundo de private equity Alothon Group comprou uma fatia majoritária da…
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U.K private equity firm Actis has exited Atlantic Energias Renováveis. Financial details of the transaction were not disclosed. (Valor Econômico) A China General Nuclear Power Group (CGN) assinou um contrato…
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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…
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Brookfield Exits Chilean Vespucio Norte and San Cristobal Tunnel Concession for US$230m (en español)
Brookfield Americas Infrastructure Holdings exited Chilean Vespucio Norte and San Cristobal Tunnel Concession for US$230m in a sale to Frontral Trust and Banchile AGF. (El Mercurio) Las administradoras de fondos…
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Private equity investment firm H.I.G. Capital has announced the appointment of Fabio Saad as the new Head of the Andean Region, based in Bogotá, Colombia. (Press Release) H.I.G. Capital, LLC…
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IDB Lab is launching the LAC Venture Debt Fund to support Latin American entrepreneurs with venture debt financing. Fund managers with experience in the region are invited to submit proposals to manage…
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Brazilian real estate startup Loft raised a US$70m Series B at a valuation of ~US$370m, led by Fifth Wall Ventures and QED Investors. Loft raised a US$18m Series A in…
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NESsT launched a US$20m impact fund for Latin America, with a first close of US$3m with social investors, including DFIs, foundations, non-profits and philanthropists. The fund will loan an average…
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Criatec 3, managed by Inseed Investimentos, made a R$3m investment in VarejOnline, a software platform for retail management. (Baguete) A VarejOnline, companhia de Santa Catarina dona de um sistema de…
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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,…
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PayPal will make a US$750m strategic investment in MercadoLibre through a common stock investment. Dragoneer Investment Group will purchase an additional US$100m of Series A perpetual convertible preferred stock. (Press…
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Smart Money Ventures made a R$1m investment in Produttivo, a software platform for field service management. (Baguete) A Produttivo, startup de Curitiba especializada em software para gestão de inspeções e…
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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…
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Omidyar Network spun off its financial inclusion investment arm as Flourish Ventures. The new firm launches with US$300m in capital for investments (equity and grant) and operations, and will maintain…
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IGNIA invested US$1.5m in Fondeadora, a Mexican open banking platform. (Press Release) Mexico City, March 5, 2019: Fondeadora, the open banking platform that allows its users to manage their money…
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Fen Ventures led a US$3m Series A in Destacame.cl, a Chilean financial inclusion platform, with participation from previous investors Accion Venture Lab and Mountain Nazca Chile. (Press Release) Santiago, Chile,…
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Chilean foodtech NotCo raised a US$30m investment led by The Craftory, with participation from Bezos Expeditions, MAYA Capital and previous investor KaszeK Ventures. NotCo is The Craftory and Amazon CEO…
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Canadian agroforestry project developer Ecotierra launched Urapi, its first sustainable impact fund. Urapi will develop, invest, and implement sustainable agroforestry projects in Latin America. The fund’s first project is Cafe…
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Chilean recycled glasses manufacturer Karün raised €2.5m from Swedish impact investor Blue AB and others. (LexLatin) La empresa chilena Karün fabricante de anteojos a partir de material reciclado, recibió capital…
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Morro Venture Partners, under parent company Advent-Morro Equity Partners, launched a US$20m early-stage VC fund to invest in Puerto Rican technology as well as startups that can utilize Puerto Rico to pursue…
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BR Startups, managed by MSW Capital, made a R$1.5m investment in US-based personal finance app Olivia. XP Investimentos also made an undisclosed investment in Olivia in 2019. (Press Release) São…
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Brazilian audiobook company Ubook is planning a Canadian IPO for 2H2019. (DCI) A empresa brasileira de audiolivros, Ubook, está se preparando para uma oferta pública inicial de ações (IPO) no…
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Performa Investimentos made an undisclosed investment in Home Agent, a Brazilian work-from-home contact center, with participation from Gavea Angels. This is Performa’s first investment from Fund 3, made using a…
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Kviv Ventures led a R$5m investment in Nutrebem, a nutrition platform to monitor children’s nutrition at school. Confrapar and Barn Investmentos invested previously. (Baguete) A startup Nutrebem, que oferece um…
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Five Elms Capital made a US$7m investment in PlayVox, an omnichannel QA/performance management software founded in Colombia by Oscar Giraldo. FCP Innovación SP, the CVC fund of EPM, made a…
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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…
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General Catalyst and payments unicorn Stripe led a US$40m Series B in Rapyd, a global fintech-as-a-service platform based in London, with participation from Target Global, IGNIA and others. (Press Release)…
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Ideas & Capital made an undisclosed investment in DEPORPRIVÉ, a Mexican flash sales platform for sports merchandise and apparel. (Press Release) El fondo Ideas & Capital invirtió en la empresa minorista DEPORPRIVÉ. La compañía opera una plataforma…
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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…
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Redpoint eventures invested R$1.15m in Ribon, a Brazilian platform that lets users convert ad dollars to donations to non-profits. (StartSe) Nesta semana, o Ribon, startup que possibilita que pessoas doem…
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Jamaica fund manager, First Rock Capital Holdings Limited has raised US$2.5b to invest 80% in real estate and 20% in private equity investments in the Caribbean and North America. (The…
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Sura Asset Management, through Fondo de Inversión Sura Renta Inmobiliaria II and Sura Renta Inmobiliaria III, acquired 100% interest in Inversiones ELA. (Global Legal Chronicle) Administradora General de Fondos Sura…
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Smart Money Ventures made a R$1m investment in Produttivo, a software platform for field service management. (Baguete) A Produttivo, startup de Curitiba especializada em software para gestão de inspeções e…
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Blue Macaw, former Blackstone’s Marcelo Fedak’s new fund, is preparing to raise US$250m – US$500m for its first real estate fund (Valor Econômico) Com um mês de operação, a nova…
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Real Estate private equity firm GTIS Partners will invest R$400m in Brazilian Hospital Group (BHG), Brazil’s largest hotel owner and one of the country’s leading hotel operators. (Valor Econômico) A Brazilian…
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Brazilian self storage companies are beginning to see increased demand, mainly by companies that use these spaces for the storage of inventories (Valor Econômico) As empresas de locação de espaços…
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Brookfield has announced the closing of the Brookfield Strategic Real Estate Partners III fund. With total equity commitments of US$15 billion, BSREP III is Brookfield’s largest private fund to date. (Press…
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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…
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Ameris Capital Asset Management acquired a 49% stake in Chilean Arauco Centros Comerciales Regionales for US$110m. (Economía y Negocios) Parque Arauco, firma controlada por el grupo Said, anunció que recibió y…
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BTG Pactual and Inverlink, a Colombian investment bank, signed an agreement to create a real estate joint venture in Colombia. The new company, Tandem Capital, will invest in real estate…
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GTIS Partners has exited LA Hotels and LA Serviços, from Brazil Hospitality Group, with a sale to Louvre Hotel Group. The transaction marks the entrance of Louvre Hotel Group in…
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Thor Equities Group, through its Thor Urbana division, has announced plans to develop a new Ritz-Carlton Reserve hotel on the Riviera Nayarit in Mexico. (Press Release) Mexico City, December 13,…
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Brazilian private equity firm Hemisfério Sul Investimentos (HSI) sold a 50% stake in GoodStorage, a Brazilian self-storage company, to US asset manager M3 Capital Partners. Rappi, Loggi and B2W are…
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Knotel announced that it is expanding into Brazil. The firm will assume the operation of 100,000 square feet in several building in São Paulo, followed by a move into Rio…
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Tecnisa, a Brazilian residential property manager, announced a joint venture with H.I.G. Capital to return to real estate market after two years of inactivity in the sector. This represents H.I.G’s first residential real estate deal in Brazil.
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Private equity firm Blue Equity executed the first phase for the auction/sale of a resort located in Tulum, Mexico called Mukan, Tulum Sian Ka’an Reserve for an undisclosed amount.
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Grupo O’Donnell registered a CKD with a maximum issuance of MXN$2b on the Mexican stock exchange BIVA. The private capital fund will invest in industrial and urban real estate and…
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Jaguar invested an undisclosed amount in Bresco, a Brazilian industrial real estate company. The investment was made through Jaguar’s second Latin American fund, which focuses on investing in real estate-related platforms and companies in key markets.
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The real estate investment arm of Quebec’s sovereign fund, CDPQ, Ivanhoé Cambridge, has agreed with Prologis to form Prologis Brazil Logistics Venture. The partnership will develop and operate logistics real estate in Brazil, specifically in São Paulo and Rio de Janeiro. Ivanhoé Cambridge will hold an 80% stake in the partnership.
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Investment and real estate platform MIRA plans to invest MXN$4b on mixed-use urban complexes in Queretaro, Mexico City, Mexico state and Monterrey. MIRA invested MXN$4b via its CERPI in 2018.
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Thor Equities Group and Thor Urbana, are launching four new projects in Mexico totaling 6m buildable square feet in October and November. The company is continuing to develop, acquire, reposition and operate commercial, hotel and mixed-use projects in major cities and tourist destinations in Latin America, including the recently acquired Marina Town Center in Puerto Cancún, and the Four Seasons Resort and Residences Caye Chapel, Belize debuting in 2021.
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Viver finalized a renegotiation with Jive, with Jive obtaining 33.8% of the Brazilian real estate company for R$297m. As part of the transaction, Kirton Bank also acquired approximately 6% of Viver.
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a. Paladin Realty exited Brazilian residential real estate developer YOU Inc., selling its 20% stake to YOU Inc. founder Abrão Muszkat for an undisclosed amount. Paladin Realty had previously invested US$40m in 2012.
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Latam Logistic Properties, a portfolio company of Jaguar Growth Partners, raised US$77m to further expand operations by offering Class-A warehousing and logistics products in Latin America. The new capital will seek to allow LLP to build or acquire up to 5 million square feet (465,000 square meters) of GLA in Latin America. The investment was structured as a co-investment from new and existing investors.
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Paladin Realty announced that its Villas del Fresno project in Mexico City has been certified by the IFC’s Excellence in Design for Greater Efficiencies program. The project is being developed in partnership with local Mexican developer, Casas Krea, which focuses exclusively on low-income housing in and around Mexico City.