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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Uber Technologies acquired 100% of Cornershop to make the Chilean startup part of its e-commerce long term bet at a reported ~USD3b+ valuation. The deal comes two years after a …
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Advent International has invested USD430m in Brazil-based cross-border payment platform Ebanx. Advent invested through its Latin American Private Equity Fund (LAPEF), Global Private Equity (GPE), Advent Tech and Sunley House…
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ALLVP led a USD1.5m round for Yana, a Mexican mental health and wellness platform. Yana raised USD315k from Magma Partners, Hustle Fund, and 500 Startups earlier this year. (TechCrunch) –…
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SoftBank Latin America and Viking Global Investors led a USD250m round for Clip, a Mexican SMEs POS manufacturer and digital payment platform at a reported USD2b valuation. General Atlantic and…
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Lightrock led a BRL700m (~USD138.6m) Series C for Buser, a Brazil-based bus ticketing platform, with participation from Iporanga Ventures and follow-on from SoftBank, monashees, Valor Capital Group, Globo Ventures and…
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Berkshire Hathaway led a USD750m Series G extension for Nubank, with participation from Sands Capital, Verde Asset, Absoluto Partners, MSA Capital, CPPIB and Sunley House at a reported USD30b valuation.…
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EIG-backed solar power plant Cerro Dominador has began its full operations following a successful synchronization with the Chilean National Electrical System. (Press Release) EIG, a leading institutional investor to the…
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Prosus Ventures and KASZEK invested USD40m in 99 minutos, a Mexican last-mile delivery company for e-commerce platforms. 99 minutos acquired Chilean last-mile delivery startup MuvSmart in 2020; Engie Factory invested in…
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Crescera Capital sold its remaining 25% stake in Brazil-based medical education group Afya to German-based media conglomerate Bertelsmann, achieving a full exit. With this transaction, Crescera will finish divesting its…
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Kinea Investimentos exited health provider Centro Clínico Gaúcho (CCG) in a BRL1.06b sale to Notre Dame Intermédica. (Money Times) A NotreDame Intermédica (GNDI3) assinou contrato para a aquisição do Centro…
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L Catterton Latin American Acquisition, a blank check company formed by L Catterton, filed with the SEC to raise up to USD200m (offering 20m units at USD10) in an initial…
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SoftBank, via its Latin America Fund, has committed to invest up to USD150m in Grupo Bursatil Mexicano (GBM), an investment brokerage platform in the Mexican stock Market. (TechCrunch) Grupo Bursátil…
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IFC has committed USD100m to Cerberus Emerging Market Special Situations Fund. The vehicle, which is managed by Cerberus Capital Management, will invest in credit opportunities in emerging markets, primarily targeting…
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LAIKA, a Colombian e-commerce platform for pet goods and services, raised a USD12m Series A from Y Combinator, InQlab, Streamlined Ventures and angel Justin Mateen (Tinder). LAIKA raised USD5m from Soma…
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Seaya Ventures led a BRL30m round for Fracttal, a Brazilian IoT asset management platform with operations in Chile, Brazil, Mexico and Colombia, with participation from GoHub Ventures. Scale Capital invested…
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Enlightened Hospitality Investments invested in Chilean foodtech NotCo. NotCo reached an agreement with US-based grocer Sprouts Farmers Market to launch NotMilk in 200 stores nationwide earlier this year. NotCo raised…
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Darby International Capital has invested in Peru-based healthcare operations provider IBT Health. Transaction details were not disclosed. (Press Release) Darby International Capital LLC (“Darby International”) announced that Darby Latin American…
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ACON Investments, through its Latin America Opportunities Fund V, alongside DEG, FMO and Proparco, has acquired Vitalis Group, a manufacturer and wholesaler company of generic injectable pharmaceuticals with production facilities…
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Belvo, a Mexican fintech providing a financial services API for mobile applications, raised a USD43m Series A from Future Positive, Kibo Ventures, FJ Labs, Sebastián Mejia (Rappi) and Harsh Sinha…
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GGV led a USD65m Series B round in Frubana, a Colombian B2B platform of agri-products for restaurants and small retailers, with participation from Lightspeed Venture Partners, and follow-on from monashees,…
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SoftBank Latin America and an undisclosed growth equity firm led a USD86m Series B for Ecuadorian payments platform Kushki, with follow-on from DILA Capital, KASZEK, Clocktower Ventures and Magma Partners.…
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Chilean VC fund Endurance Investments led a BRL210m Series C for idwall, a Brazilian identity authentication platform, with participation from GGV and Norte Ventures, and follow-on from monashees. Qualcomm Ventures led…
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DGF Investimentos led a BRL17m round for Tractian, a Brazilian industrial equipment maintenance management platform, with participation from MFO Citrino. Tractian raised BRL2m from Y Combinator, Norte Ventures and angels…
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Kinea Investimentos has launched Fund V with a BRL2b target. The vehicle will focus on healthcare, education and technology companies, as well as specific service providers. (Brazil Journal) A Kinea…
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Ribbit Capital led a USD300m Series E for Brazilian proptech QuintoAndar, with participation from SoftBank LatAm Innovation Fund, LTS, Maverik, Alta Park, KASZEK, Dragoneer, Kevin Efrusy (Accel) and an undisclosed…
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Advent International has invested USD430m in Brazil-based cross-border payment platform Ebanx. Advent invested through its Latin American Private Equity Fund (LAPEF), Global Private Equity (GPE), Advent Tech and Sunley House…
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Crescera Capital sold its remaining 25% stake in Brazil-based medical education group Afya to German-based media conglomerate Bertelsmann, achieving a full exit. With this transaction, Crescera will finish divesting its…
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Kinea Investimentos exited health provider Centro Clínico Gaúcho (CCG) in a BRL1.06b sale to Notre Dame Intermédica. (Money Times) A NotreDame Intermédica (GNDI3) assinou contrato para a aquisição do Centro…
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L Catterton Latin American Acquisition, a blank check company formed by L Catterton, filed with the SEC to raise up to USD200m (offering 20m units at USD10) in an initial…
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SoftBank, via its Latin America Fund, has committed to invest up to USD150m in Grupo Bursatil Mexicano (GBM), an investment brokerage platform in the Mexican stock Market. (TechCrunch) Grupo Bursátil…
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IFC has committed USD100m to Cerberus Emerging Market Special Situations Fund. The vehicle, which is managed by Cerberus Capital Management, will invest in credit opportunities in emerging markets, primarily targeting…
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Darby International Capital has invested in Peru-based healthcare operations provider IBT Health. Transaction details were not disclosed. (Press Release) Darby International Capital LLC (“Darby International”) announced that Darby Latin American…
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ACON Investments, through its Latin America Opportunities Fund V, alongside DEG, FMO and Proparco, has acquired Vitalis Group, a manufacturer and wholesaler company of generic injectable pharmaceuticals with production facilities…
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Kinea Investimentos has launched Fund V with a BRL2b target. The vehicle will focus on healthcare, education and technology companies, as well as specific service providers. (Brazil Journal) A Kinea…
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Pátria Investimentos has increased its state in Brazilian healthcare insurer Qualicorp from 5% to 15%. (Brazil Journal) O Pátria Investimentos disse que chegou a 15% do capital da Qualicorp, concentrando…
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H.I.G. Capital has agreed to exit Brazil-based animal nutrition company Bigsal Nutrição Animal through a sale to Nutreco for an undisclosed amount. The transaction is subject to customary closing conditions.…
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Advent International has agreed to acquire the Latin American operations of Perrigo Company, comprising the pharmaceutical operations in Mexico. The amount of the transaction is undisclosed. (Press Release) Advent International,…
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BlackRock has made an undisclosed investment in Grupo Axo, a Mexico-based multi-brand retail platform backed by General Atlantic. General Atlantic invested in the multi-brand retailer in 2017. (Press Release) Grupo…
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Miami-based 777 Partners has backed USD11.3m purchase of Greensill Capital’s unit in Latin America OmniLatAm in its bankruptcy estate. OmniLatAm is the first 777′ private equity investment in a Latin…
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Riverwood Capital led a USD21m growth round for Brazil-based API management platform Sensedia. (Press Release) São Paulo and London, May 11th, 2021 – Sensedia, a modern services connectivity and integration…
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LIV Capital SPAC has agreed to merge with Nexxus Capital-backed AgileThought. The transaction is subject to approval and expected to close in the third quarter of 2021. (Press Release) AgileThought,…
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The Carlyle Group has signed a MOU with SPX Capital. The local operations and some team members of The Carlyle Group will be transferred to SPX. Under the agreement, Carlyle…
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IG4 Capital-, AimCo- and CPPIB-backed Iguá Saneamento Wins a Sewage Contract in Rio de Janeiro State
IG4 Capital-, AimCo- and CPPIB-backed Iguá Saneamento had won a sewage contract in Rio de Janeiro State. The concession consists of 2 Block of assets of state-owned company CEDAE for a…
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Riverwood Capital made an undisclosed follow-on investment in SUMA, a financial management automation platform for SMEs. (Press Release) SUMA SaaS Holdings (“SUMA”), the leading SMB financial management SaaS provider in…
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Existing investors CPP Investments and Alberta Investment Management Corporation (AIMCo) have agreed to invest an additional BRL1.7b (~USD318m) and BRL500m (~USD93m), respectively, in Iguá Saneamento, a Brazil-based water and sewage…
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Discovery Americas has invested in global edutainment space for children and families company KidZania. The amount of the transaction was undisclosed. (Press Release) Discovery Americas, the Mexico-focused private equity fund…
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CarVal Investors has invested USD150m in distressed debt for Viva Aerobus, a Mexico’s low-cost airline. (Viva Aerobus) Viva Aerobus, Mexico’s ultra-low-cost-airline, announced today, as part of its growth and expansion…
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SoftBank, through its SoftBank Latin America Fund, has agreed to invest BRL822m (USD150m) in Brazil-based medical education group Afya through the purchase of convertible preferred shares. Existing backers Crescera Capital…
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Nexus Chile, a firm backed by US-based private equity fund Nexus Partners, has acquired a 100% stake in Colmena Salud group for an undisclosed amount. (La Tercera) Nexus Chile, la…
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Kinea Investimentos has invested BRL300m (~USD54.3m) for a minority stake in Brazil-based pet store chain Cobasi. (Brazil Journal) A Kinea Investimentos está aportando R$ 300 milhões na Cobasi em troca…
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Uber Technologies acquired 100% of Cornershop to make the Chilean startup part of its e-commerce long term bet at a reported ~USD3b+ valuation. The deal comes two years after a …
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Advent International has invested USD430m in Brazil-based cross-border payment platform Ebanx. Advent invested through its Latin American Private Equity Fund (LAPEF), Global Private Equity (GPE), Advent Tech and Sunley House…
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ALLVP led a USD1.5m round for Yana, a Mexican mental health and wellness platform. Yana raised USD315k from Magma Partners, Hustle Fund, and 500 Startups earlier this year. (TechCrunch) –…
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SoftBank Latin America and Viking Global Investors led a USD250m round for Clip, a Mexican SMEs POS manufacturer and digital payment platform at a reported USD2b valuation. General Atlantic and…
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Lightrock led a BRL700m (~USD138.6m) Series C for Buser, a Brazil-based bus ticketing platform, with participation from Iporanga Ventures and follow-on from SoftBank, monashees, Valor Capital Group, Globo Ventures and…
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Berkshire Hathaway led a USD750m Series G extension for Nubank, with participation from Sands Capital, Verde Asset, Absoluto Partners, MSA Capital, CPPIB and Sunley House at a reported USD30b valuation.…
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Prosus Ventures and KASZEK invested USD40m in 99 minutos, a Mexican last-mile delivery company for e-commerce platforms. 99 minutos acquired Chilean last-mile delivery startup MuvSmart in 2020; Engie Factory invested in…
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SoftBank, via its Latin America Fund, has committed to invest up to USD150m in Grupo Bursatil Mexicano (GBM), an investment brokerage platform in the Mexican stock Market. (TechCrunch) Grupo Bursátil…
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LAIKA, a Colombian e-commerce platform for pet goods and services, raised a USD12m Series A from Y Combinator, InQlab, Streamlined Ventures and angel Justin Mateen (Tinder). LAIKA raised USD5m from Soma…
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Seaya Ventures led a BRL30m round for Fracttal, a Brazilian IoT asset management platform with operations in Chile, Brazil, Mexico and Colombia, with participation from GoHub Ventures. Scale Capital invested…
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Enlightened Hospitality Investments invested in Chilean foodtech NotCo. NotCo reached an agreement with US-based grocer Sprouts Farmers Market to launch NotMilk in 200 stores nationwide earlier this year. NotCo raised…
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GGV led a USD65m Series B round in Frubana, a Colombian B2B platform of agri-products for restaurants and small retailers, with participation from Lightspeed Venture Partners, and follow-on from monashees,…
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SoftBank Latin America and an undisclosed growth equity firm led a USD86m Series B for Ecuadorian payments platform Kushki, with follow-on from DILA Capital, KASZEK, Clocktower Ventures and Magma Partners.…
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Chilean VC fund Endurance Investments led a BRL210m Series C for idwall, a Brazilian identity authentication platform, with participation from GGV and Norte Ventures, and follow-on from monashees. Qualcomm Ventures led…
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DGF Investimentos led a BRL17m round for Tractian, a Brazilian industrial equipment maintenance management platform, with participation from MFO Citrino. Tractian raised BRL2m from Y Combinator, Norte Ventures and angels…
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Ribbit Capital led a USD300m Series E for Brazilian proptech QuintoAndar, with participation from SoftBank LatAm Innovation Fund, LTS, Maverik, Alta Park, KASZEK, Dragoneer, Kevin Efrusy (Accel) and an undisclosed…
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Bossa Nova Investimentos and Elife Participações invested BRL1.7m in Carefy, a Brazilian management platform for patient hospitalization. (Startupi) – A Carefy, healthtech voltada para gestão e monitoramento de internações, recebeu…
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Igah Ventures led a BRL35m round for Lilly Estetica, a Brazilian beauty and dermatology clinic subscription platform at a reported BRL265m post-money valuation. (Brazil Journal) – A Lilly Estética —…
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B Capital led a USD50m Series C for Yalo, a Mexican customer service management platform that runs on WhatsApp and Facebook Messenger. B Capital led a USD15m Series B in 2020…
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General Catalyst, monashees and DST Global Invest USD30m in Mexican Corporate Expense Platform Clara
General Catalyst, DST Global and monashees invested USD30m in Clara, a Mexican startup offering corporate expense management and credit cards for Mexico-based startups, at a reported USD130m valuation. Clara also…
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Union Square Ventures led a USD65m Series B for ADDI, a Colombian point-of-sale lending platform, with participation from 8VC, Citius Capital, Endeavor Catalyst, The Marathon Fund, Hans Tung (GGV) and…
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Ribbit Capital led a BRL53m Series A for Onze, a Brazilian pension plan management platform. Onze was incubated by venture builder American Red Ventures. (NeoFeed) – A onda das fintechs está…
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Capital Indigo led a BRL48m round for Beejobs, a Brazilian recruitment platform developing an applicant tracking system for SMEs. Capital Indigo led a BRL20m seed round in 2020. (Startupi) –…
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Creditas led a BRL95m round for Voltz, a Brazilian electric motorcycle company, with participation from UVC, the CVC arm of Grupo Ultra. (Yahoo Finance) Brazilian lending platform Creditas has invested…
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GAA Investments led a BRL10m seed round for LAURA, a Braziliant patient and care management platform for healthcare facilities. (Startupi) – A Startup LAURA , referência em uso de Inteligência Artificial para…
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EIG-backed solar power plant Cerro Dominador has began its full operations following a successful synchronization with the Chilean National Electrical System. (Press Release) EIG, a leading institutional investor to the…
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Darby International Capital has sold its stake in Colombian oil pipeline Ocensa to Spain-base AI Candelaria for an undisclosed amount. (Press Release) Darby Colpatria Capital S.A.S. (“Darby Colpatria”), a joint…
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Fund manager with focus in mining Ore Investments has invested BRL30m in copper and gold project in the province of Carajás, in Pará, Brazil. (Conexão Mineral) A Ore Investments, primeira…
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Appian Capital Advisory has entered into an agreement to sell the Chile-base Caserones copper royalty to Nomad Royalty for USD23m. The transaction is subject to approval. (Press Release) Appian Capital…
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BTG Pactual’s Timberland Investment Group, alongside with Canada’s British Columbia Investment Management Corporation, and pension provider APG, have agreed to acquire Chilean timberland asset from Arauco for USD385.5m (BCI) New…
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Vinci Partners has announced a joint venture with investment company Chrimata to target agribusiness investments in Brazil. (Seeking Alpha) Vinci Partners Investments (NASDAQ:VINP) enters a joint venture with Chrimata, an investment company focused…
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Ontario Teachers’ Pension Plan (OTTP) has agreed to acquire a 100% interest in Brazil-based electricity transmission platform Evoltz from TPG for an undisclosed amount. (OTPP) Ontario Teachers’ Pension Plan Board…
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Brookfield and Itausa have acquired the remaining 10% of Nova Transportadora do Sudeste (NTS) gas pipeline from Brazil’s state-owned oil company Petrobras for BRL1.8b. Brookfield’s fund now will own 100%…
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Blue Like an Orange has provided BRL106m (~USD12m) in mezzanine financing to Órigo Energia, a Brazil-based solar energy solutions company serving SMEs and households. (Press Release) Blue like an Orange…
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Thor Urbana has launched a MXN3.6b Cerpi on the Bolsa Institucional de Valores (BIVA) to fund real estate development and acquisition. (Inmobiliare) Esta mañana, Thor Urbana celebró en la Bolsa Institucional…
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Mexico-based Bocel Private Equity has announced the acquisition of 45.5% stake in Grupo Alianza Estratégica Portuaria (GAEP), a logistics company that operates in the seaport of Manzanillo, Colima in Mexico.…
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Alberta Investment Management Corporation (AIMCo) has announced it will increase its stake in Digital Colony-backed Highline do Brasil from 10.2% to 20%. Digital Colony acquired the company from Patria Investimentos…
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Jaguar Growth Partners has acquired the real estate credit arm of RB Capital. (Valor Econômico) Ao completar 18 anos, a RB SEC se tornou independente. Sair da casa da RB…
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Apollo global has invested USD38m in private placement to fund an extension to the rapid transit system metro in Panama City. (Latin Finance) Metro de Panamá has added to the…
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LarrainVial and Ingevec will invest USD200m of debt and equity to develop seven apartment towers in Chile: three in La Florida, three in Santiago and one in Ñuñoa. (Press Release)…
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KKR has acquired a 20% stake in Sempra Infrastructure Partners for USD3.4b, which includes an indirect 100% controlling stake in IEnova (Infraestructura Energética Nova, S.A.B de C.V). (Press Release) Sempra…
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Vinci Partners’ V2I Energia has acquired Brazilian wind farms Eólica Mangue Seco 3 and Mangue Seco 4, with a 52 MW capacity, from Petrobras and Wobben. (Press Release) A…
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Canada Pension Plan Investment Board (CPP Investments) has agreed to invest BRL1.178b for a 45% stake in water and sewage service company Iguá Saneamento, partnering with other investors including IG4…
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Infraestructura Energética Nova (IEnova) has closed the acquisition of the remaining 50% stake in Energía Sierra Juarez from Actis-backed Saavi Energia for USD80m. (Press Release) Infraestructura Energética Nova, S.A.B. de…
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Vinci Partners has raised BRL256m for VIAS (Vinci Infraestrutura Água e Saneamento Fundo de Participações em Infraestrutura) fund, which will focus on investing private capital into the privatization of state-owned…
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Vinci Real Estate, via its real estate fund VILG11, has acquired 50% stake in Parque Logístico Pernambuco for BRL66.4m. (SUNO) O VILG11, fundo imobiliário gerido pela Vinci Real Estate, adquiriu…
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Cerberus has acquired 39.2% stake in real estate investment company Brasil Brokers. Financial terms of the transaction were not disclosed. (Money Times) A rede de imobiliárias Brasil Brokers (BBRK3) tem…
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Power generation platform EfraGen has acquired Altra-backed Termovalle, a natural gas plant in western Colombia. Financial terms of the deal were undisclosed. (Valora Analitik) Glenfarne Group y Partners Group anunciaron la…
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Patria has announced the closing of its first evergreen publicly-traded Core Infrastructure fund, of approximately BRL800m total commitments. The vehicle will seek to invest in high-quality, operational power generation and…
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Caisse de dépôt et placement du Québec (CDPQ) and Telefónica Group have entered an agreement for the construction, development and operation of FiBrasil Infraestrutura e Fibra Ótica (FiBrasil), an independent…