Industry News

Patria Investimentos has acquired Impacto, a Brazil-based agricultural product distributor, for an undisclosed amount. (Valor Econômico) O Pátria Investimentos continua a ampliar sua aposta no segmento de distribuição de insumos…

Beamonte Investments, via its opportunistic industrial platform Axman Holdings, announced the acquisition of Arcaya, a Mexican footwear manufacturing company, for an undisclosed amount. (Press Release) Beamonte Investments (¨Beamonte¨) Boston’s leading…

Thoma Bravo announced that its portfolio company, ABC Financial Services, acquired Evo W12 Inovações Tecnologicas, a Brazilian provider of club management software, for an undisclosed amount. (Press Release) LITTLE ROCK, Ark.…

Enfoca’s portfolio company Grupo Aúna has acquired a 97.3% stake in Promotora Médicas Las Américas, a holding company of the healthcare group Grupo Las Américas.  (Global Legal Chronicle) Grupo Aúna in…

Lexington Partners listed a US$328m CERPI on Mexico’s BMV. (LexLatin) Lexington Partners estructuró un programa de Certificados Bursátiles Fiduciarios de Proyectos de Inversión (CERPI) por un monto máximo de USD…

Brazil’s antitrust authority CADE has approved without restrictions the acquisition of a 100% stake in Gran Coffee and Brasil Espresso.  The transaction was closed in December 2018. (Valor Econômico) A…

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…

Warburg Pincus’s portfolio company, Sequoia Logistica, acquired 100% shares of Lotus Logistica Integrada for an undisclosed amount. (Fusões & Aquisições) Sequoia Log S.A. (“Sequoia”) – A Sequoia é uma empresa…

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…

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…

CVC Capital Partners acquires a 30% stake in Cosan Lubes Investments Limited, a manufacturer and distributor of lubricants, for an undisclosed amount. The transaction represent CVC’s first investment in Latin…

Kinea Investimentos, through its fund Kinea Private Equity IV Master Fundo de Investimento em Participações Multiestratégia, acquires 48.06% in Quartier Participações , for an undisclosed amount. The funds will be…

Private equity firm The Carlyle Group is in the final talks to acquire a 23.3% stake in Brazilian restaurant chain Madero for R$700m. (Valor Econômico) A cadeia de restaurantes Madero…

Patria Investimentos has acquired Impacto, a Brazil-based agricultural product distributor, for an undisclosed amount. (Valor Econômico) O Pátria Investimentos continua a ampliar sua aposta no segmento de distribuição de insumos…

Beamonte Investments, via its opportunistic industrial platform Axman Holdings, announced the acquisition of Arcaya, a Mexican footwear manufacturing company, for an undisclosed amount. (Press Release) Beamonte Investments (¨Beamonte¨) Boston’s leading…

Thoma Bravo announced that its portfolio company, ABC Financial Services, acquired Evo W12 Inovações Tecnologicas, a Brazilian provider of club management software, for an undisclosed amount. (Press Release) LITTLE ROCK, Ark.…

Enfoca’s portfolio company Grupo Aúna has acquired a 97.3% stake in Promotora Médicas Las Américas, a holding company of the healthcare group Grupo Las Américas.  (Global Legal Chronicle) Grupo Aúna in…

Lexington Partners listed a US$328m CERPI on Mexico’s BMV. (LexLatin) Lexington Partners estructuró un programa de Certificados Bursátiles Fiduciarios de Proyectos de Inversión (CERPI) por un monto máximo de USD…

Brazil’s antitrust authority CADE has approved without restrictions the acquisition of a 100% stake in Gran Coffee and Brasil Espresso.  The transaction was closed in December 2018. (Valor Econômico) A…

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…

Warburg Pincus’s portfolio company, Sequoia Logistica, acquired 100% shares of Lotus Logistica Integrada for an undisclosed amount. (Fusões & Aquisições) Sequoia Log S.A. (“Sequoia”) – A Sequoia é uma empresa…

CVC Capital Partners acquires a 30% stake in Cosan Lubes Investments Limited, a manufacturer and distributor of lubricants, for an undisclosed amount. The transaction represent CVC’s first investment in Latin…

Kinea Investimentos, through its fund Kinea Private Equity IV Master Fundo de Investimento em Participações Multiestratégia, acquires 48.06% in Quartier Participações , for an undisclosed amount. The funds will be…

Private equity firm The Carlyle Group is in the final talks to acquire a 23.3% stake in Brazilian restaurant chain Madero for R$700m. (Valor Econômico) A cadeia de restaurantes Madero…

Private equity firm L Catterton has announced the acquisition of Argentina-based winery Bodega Luigi Bosca, for an undisclosed amount. (Press Release) MENDOZA, Argentina and NEW YORK, Dec. 18, 2018 /PRNewswire/…

U.S based private equity firm Advent International has acquired a 51% stake in Argentina-based financial company Prisma. (Clarín) La venta del 51% de las acciones de Prisma, la empresa que…

Aqua Capital announced the investment and creation of a platform for the production and trading of biologicals for crop development, nutrition, and protection. The new platform was created through a…

Private equity firm L Catterton has announced that it has entered into a definitive agreement to acquire Mexico-based hot sauce producer and distributor Cholula. (Press Release) L Catterton, the largest and…

Tribeca Asset Management sold Onda de Mar to Alpha Blue Ocean, a British investment fund, for an undisclosed amount. Onda de Mar is the second largest swimwear brand in Colombia.…

PE firm PC Capital made an undisclosed follow-on investment in Mexican microfinance Te Creemos. (Press Release) Mexico City, Mexico, December 10, 2018 – PC Capital Management, SC (“PC Capital”) announced today an additional investment in Te Creemos Holding, SAPI de CV (“Te Creemos”)…

Oria Capital has exited Brazilian digital security company Cipher with a sale to Spanish security company Prosegur. The terms of the transaction were not disclosed.  (Valor Econômico) A empresa espanhola…

Monroe Capital Management Advisors, a US private equity firm, invested in Mexican information technology company AN Global.  In early 2018, Credit Suisse México completed a MNX$375m (US$19.5m) investment. (Latin Lawyer)…

Bain Capital partially exited Brazilian healthcare provider Intermedica with the sale of a R$2.4b stake via a follow-on offering. (Valor Econômico) A gestora americana de private equity Bain Capital conseguiu multiplicar por…

Centerbridge Partners invested an undisclosed amount in Sul Real XXXII Participações, a Brazilian company owning the rights of a gold mine exploration project in Mato Grosso. (LexLatin) El fondo de…

Aqua Capital invested R$400m during the second half of 2018, including two companies distributing agricultural supplies (Grão de Ouro and AgroFerrari), 70% of a distributor of agricultural parts (Rech Agricola),…

ACON Investments announced that its fourth Latin America-focused private equity fund, ACON Latin America Opportunities Fund IV L.P, has completed the sale of its portfolio company Betterware to a group…

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…

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…

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,…

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…

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…

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.

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.

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…

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.

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.

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.

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.

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. 

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.

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.

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.

Viver Incorporadora announced a corporate restructuring in which it will shift its focus from real estate development to real estate asset management services through the ServRE business unit.  Jive Asset Gestão de Recursos becomes its main shareholder, a position previously occupied by the Paladin Prime Residential Investors fund since 2009. 

Harbor Mérida, the largest shopping center in southeastern Mexico, opened its doors to consumers in the Yucatan Peninsula. Built in partnership between Thor Urbana and Inmobilia with an investment of MXN$1.4b, the project seeks to attract tourism, business, and residential development to the Mérida area.

FYNSA raised a real estate development fund of one million UF, approximately US$40.5m, that it will use to develop six residential projects in the metropolitan region of Chile.

Mexican real estate fund manager Fortem Capital has placed a CKD vehicle for up to MXN5 billion on the new Mexican Stock Exchange, Bolsa Institucional de Valores (Biva). Fortem will use…

Mexican private equity fund Beyond Capital presented its new real estate concept, Bloom Residential Tulum, which consists of 95 apartments and more than 40 amenities. The project will begin construction later this year.

SíRenta will develop 4,000 apartments in its Bosque Real complex in Huixquilucan, State of Mexico. Its objective is to invest the 20,000 million pesos that it will obtain in the stock market, from the hand of its controlling shareholder, Alignmex. Last year, the company listed its first Development Capital Certificate (CKD) in the Mexican Stock Exchange (BMV) for 2,000 million pesos.

Choice Hotels Mexico has signed an exclusive multi-unit agreement with SI Operaciones, a Mexican Private Equity fund, to develop 20 new-construction Sleep Inn hotels over the next five years. The agreement is expected to add 2,000 rooms in top markets, like Mexico City, and Guadalajara.

Be Grand, developer of residential housing, placed a CKD for 4,000 million pesos and debt for 1,500 million pesos in the Mexican Stock Exchange. The developer will use the capital to develop more than 5 projects in Mexico City and its metropolitan area.

Jaguar Growth Partner announced the appointment of Mario De Barros as Principal – Head of Brazil on the firm’s investment team.