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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Crescera Capital (formerly Bozano) backed Oba Hortifruti, a health food retailer, its preparing initial public offering (IPO). Crescera acquired a stake in the company in 2017 for an undisclosed amount. …
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Gávea Investimentos backed Paschoalotto Serviços Financeiros, its preparing initial public offering (IPO). In 2015, Gávea made a US$100m investment in Paschoalotto, company that specializes in managing credit recovery and collection services…
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Advent-backed Grupo BIG, Brazilian supermarket chain, filed for an initial public offering IPO. Advent acquired 80% of Walmart Inc’s operations in Brasil in 2018, renaming it, a year later, to…
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Cleantech Ventures, Israeli venture capital fund, with support of Chilean state development agency CORFO, and Greenvestment’s administration, opened a 3-MW Candelaria solar photovoltaic (PV) farm in Chile. The project will…
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Aqua Capital integrates farm supply business into Brazil-based AgroGalaxy, with a combined revenue of R$4.2b this year. (Valor Econômico) Aqua Capital, the private equity fund that has made a series…
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Concept Investimentos invested R$50m in La Guapa, a Brazilian empanada chain focused on natural ingredients. (Exame) Quando se pensa em recheios de empanadas, o que vem à mente é carne,…
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KaszeK Ventures and Qualcomm Ventures led a US$30m Series C for Nuvemshop (also known as Tiendanube), an Argentina-based e-commerce platform for SMEs with offices in São Paulo and Buenos Aires,…
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Manutara Ventures, Ideas Impact, FJ Labs, and angels invested US$2.5m in Chilean fintech Xepelin. Other investors in Xepelin include Oskar Hjertonsson, Ignacio Canals, Gonzalo Rojas, Diego Fleischmann, and Daniel Undurraga. …
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Capria Ventures invested US$1m in Agrofy, an Argentine marketplace for agricultural supplies, with follow-on from SP Ventures. SP Ventures led a US$23m Series B in Agrofy in 2019, and led…
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Warburg Pincus has invested a US$100m Series A for Brazil-based API communication platform Take Blip. (Press Release) The leading API communication platform in Brazil completes its first equity financing round…
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The Rohatyn Group has agreed to provide senior secured debt financing to Colombia-based consumer credit provider Kredit Plus. Details of the transaction are undisclosed. (Press Release) The Rohatyn Group (“TRG”),…
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FTV Capital made a US$42.5m minority investment in Lean Staffing Solutions, a transportation and logistics outsourcing company with operations in the US and Colombia. (Press Release) Lean Staffing Solutions (“LSS”), a…
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SP Ventures invested R$6m in debt financing in Ambar Tech, a Brazilian real estate construtech providing digitization services for construction projects. In 2019, Igah Ventures (formerly e.Bricks Ventures) made a…
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Alta Growth has reached a USD150m final close for AGC Fund III, a vehicle targeting investments in middle-market companies in Mexico and Latin America. (Press Release) Alta Growth Capital (“Alta”)…
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Igah Ventures led a R$6m round in Dr. Jones, a Brazilian DTC brand for men’s beauty products, with participation from Norte Ventures, Bruno Nardon (former President of Rappi in Brazil),…
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brMalls, Cyrella Commercial Properties, and MultiPlan Invest R$30m in Delivery Center (em português)
Brazilian shopping center manager brMalls, Cyrella Commercial Properties, and Multiplan invested R$30m in Delivery Center, a Brazilian platform connecting digital vendor marketplaces with brick-and-mortar retail stores. (Reuters) – As gestoras…
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Riverwood Capital invested R$50m in a Series B extension in Cortex, a Brazilian SaaS marketing and sales platform, with participation from Redpoint eventures and Endeavor Catalyst. SoftBank’s Latin America Fund…
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SoftBank, DST Global, and Greenoaks led an undisclosed round in Kavak, a Mexican car resale marketplace, with participation from QED Investors and follow-on from KaszeK Ventures and General Atlantic, at…
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CITES invested US$1.75m in each of three Argentine early-stage startups: Stradot, a hardware startup building drones to lift and organize parked vehicles in outdoor parking lots; Clover, a biotech startup…
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Fuse Capital, Suquet Capital Partners, and 4P Investimentos, the family office of the late plastic surgeon Ivo Pitanguy, led a R$40m Series A in Fligoo, a San Francisco-based sales data…
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Colombian restaurant management platform MUY Tech rebranded to RobinFood and raised US$16m in debt financing from Miami-based VC MGM Sustainable Energy Fund. RobinFood is founded by Domicilios.com Co-Founders Jose Guillermo…
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The Carlyle Group has agreed to acquire Occidental’s onshore assets in Colombia for USD825m. The transaction is expected to close in Q4 2020. (Press Release) Occidental (NYSE: OXY) today announced…
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Bossa Nova Investimentos has partnered with Olympic swimmer Thiago Pereira and marathon runner Ítalo Nogueira to create a R$5m fund to invest in 15+ sports and wellness startups. (Startupi) Sempre…
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Advent International has entered a strategic partnership with Brazil-based premium chocolate producer Grupo CRM and has reportedly acquired a majority stake in the company. Read more here and here (em português). (Advent International)…
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Bimbo Ventures and Sweet Capital, the VC fund of Candy Crush co-founders, invested US$5m in Jüsto, a Mexican grocery delivery startup. Mountain Nazca and Foundation Capital led a US$12m follow-on…
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Crescera Capital (formerly Bozano) backed Oba Hortifruti, a health food retailer, its preparing initial public offering (IPO). Crescera acquired a stake in the company in 2017 for an undisclosed amount. …
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Gávea Investimentos backed Paschoalotto Serviços Financeiros, its preparing initial public offering (IPO). In 2015, Gávea made a US$100m investment in Paschoalotto, company that specializes in managing credit recovery and collection services…
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Advent-backed Grupo BIG, Brazilian supermarket chain, filed for an initial public offering IPO. Advent acquired 80% of Walmart Inc’s operations in Brasil in 2018, renaming it, a year later, to…
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Aqua Capital integrates farm supply business into Brazil-based AgroGalaxy, with a combined revenue of R$4.2b this year. (Valor Econômico) Aqua Capital, the private equity fund that has made a series…
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Concept Investimentos invested R$50m in La Guapa, a Brazilian empanada chain focused on natural ingredients. (Exame) Quando se pensa em recheios de empanadas, o que vem à mente é carne,…
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Warburg Pincus has invested a US$100m Series A for Brazil-based API communication platform Take Blip. (Press Release) The leading API communication platform in Brazil completes its first equity financing round…
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The Rohatyn Group has agreed to provide senior secured debt financing to Colombia-based consumer credit provider Kredit Plus. Details of the transaction are undisclosed. (Press Release) The Rohatyn Group (“TRG”),…
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FTV Capital made a US$42.5m minority investment in Lean Staffing Solutions, a transportation and logistics outsourcing company with operations in the US and Colombia. (Press Release) Lean Staffing Solutions (“LSS”), a…
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Alta Growth has reached a USD150m final close for AGC Fund III, a vehicle targeting investments in middle-market companies in Mexico and Latin America. (Press Release) Alta Growth Capital (“Alta”)…
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The Carlyle Group has agreed to acquire Occidental’s onshore assets in Colombia for USD825m. The transaction is expected to close in Q4 2020. (Press Release) Occidental (NYSE: OXY) today announced…
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Advent International has entered a strategic partnership with Brazil-based premium chocolate producer Grupo CRM and has reportedly acquired a majority stake in the company. Read more here and here (em português). (Advent International)…
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SEAF Carribean SME Growth Fund has acquired a majority stake in Guyana-based restaurant operator Camex Restaurants. (Stabroek News) Camex Restaurants Inc, operator of the Church’s Chicken and Dairy Queen franchises…
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Advent International has raised a US$2b final close for Advent Latin American Private Equity Fund VII (LAPEF VII). The vehicle will target investments in Brazil, Colombia, Mexico, and Peru across…
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IDB Invest invested R$95m in FreteBras, a Brazilian freight marketplace, through its Clean Technology Fund. As part of the investment, FreteBras will improve its carrier matching process to reduce idle…
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Glisco Partners has acquired a 30.1% stake in Mexico-based distiller Mezcal Amores for an undisclosed amount through Glisco Partners IV. (Global Legal Chronicle) Creel, García-Cuéllar, Aiza y Enríquez and Mijares,…
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The Carlyle Group partially exited Lima-based security company Liderman via a secondary offering on the Peruvian stock exchange, picked up by Liderman management. In 2014, Carlyle entered into a partnership…
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GEF Capital Partners LatAm has acquired a 60% stake in Café Brasil Fertilizantes, a company that manufactures and distributes specialty fertilizers targeted primarily at coffee crops, for R$90m. (Valor Econômico) …
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Advent International has agreed to sell its stake in Brazil-based digital investment platform Easynvest to Brazilian fintech Nubank. As part of the agreement, Advent and other shareholders of Easynvest have…
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Warburg Pincus has partially exited its 55.1% stake in Brazil-based pet products retailer Petz via the company’s R$3b IPO. Warburg originally invested in the company in 2013 and will now…
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Vinci Partners has acquired a minority stake in Brazil-based digital bank Agibank for R$400m. (Baguete) O Agibank, banco digital gaúcho, vai receber um aporte de R$ 400 milhões da gestora…
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ACON-backed CryoHoldco, a Mexico-based technology company, acquired Brazil-based cell therapy center Cordcell. The amount of the transaction was undisclosed. (AMEXCAP) CryoHoldco de Latinoamérica (“CryoHoldco” o la Compañía”), una empresa mexicana controlada por ACON Latin…
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Pátria Investimentos acquired a 5% stake in Brazilian healthcare insurer Qualicorp. (Brazil Journal) Fundos de private equity e de PIPE — private investment in public equity — geridos pelo Pátria…
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Blue like an Orange Sustainable Capital invested R$30m in Placi, a Brazilian company specialized in transitional hospital services to long-term care patients. (Press Release) Blue like an Orange Sustainable Capital…
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Jive Investments increased its stake in Brazilian real state company Viver Incorporadora (VIVR3) by 5.81% (~R$51.8m). In 2018, Jive became its main shareholder via an exit from Paladin Prime Residential…
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Waha Capital has agreed to invest US$50m in Argentina-based online travel company Despegar.com via a private placement. L Catterton recently invested US$150m in the company. (Press Release) Waha Capital PJSC,…
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KaszeK Ventures and Qualcomm Ventures led a US$30m Series C for Nuvemshop (also known as Tiendanube), an Argentina-based e-commerce platform for SMEs with offices in São Paulo and Buenos Aires,…
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Manutara Ventures, Ideas Impact, FJ Labs, and angels invested US$2.5m in Chilean fintech Xepelin. Other investors in Xepelin include Oskar Hjertonsson, Ignacio Canals, Gonzalo Rojas, Diego Fleischmann, and Daniel Undurraga. …
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Capria Ventures invested US$1m in Agrofy, an Argentine marketplace for agricultural supplies, with follow-on from SP Ventures. SP Ventures led a US$23m Series B in Agrofy in 2019, and led…
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Warburg Pincus has invested a US$100m Series A for Brazil-based API communication platform Take Blip. (Press Release) The leading API communication platform in Brazil completes its first equity financing round…
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SP Ventures invested R$6m in debt financing in Ambar Tech, a Brazilian real estate construtech providing digitization services for construction projects. In 2019, Igah Ventures (formerly e.Bricks Ventures) made a…
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Igah Ventures led a R$6m round in Dr. Jones, a Brazilian DTC brand for men’s beauty products, with participation from Norte Ventures, Bruno Nardon (former President of Rappi in Brazil),…
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brMalls, Cyrella Commercial Properties, and MultiPlan Invest R$30m in Delivery Center (em português)
Brazilian shopping center manager brMalls, Cyrella Commercial Properties, and Multiplan invested R$30m in Delivery Center, a Brazilian platform connecting digital vendor marketplaces with brick-and-mortar retail stores. (Reuters) – As gestoras…
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Riverwood Capital invested R$50m in a Series B extension in Cortex, a Brazilian SaaS marketing and sales platform, with participation from Redpoint eventures and Endeavor Catalyst. SoftBank’s Latin America Fund…
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SoftBank, DST Global, and Greenoaks led an undisclosed round in Kavak, a Mexican car resale marketplace, with participation from QED Investors and follow-on from KaszeK Ventures and General Atlantic, at…
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CITES invested US$1.75m in each of three Argentine early-stage startups: Stradot, a hardware startup building drones to lift and organize parked vehicles in outdoor parking lots; Clover, a biotech startup…
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Fuse Capital, Suquet Capital Partners, and 4P Investimentos, the family office of the late plastic surgeon Ivo Pitanguy, led a R$40m Series A in Fligoo, a San Francisco-based sales data…
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Colombian restaurant management platform MUY Tech rebranded to RobinFood and raised US$16m in debt financing from Miami-based VC MGM Sustainable Energy Fund. RobinFood is founded by Domicilios.com Co-Founders Jose Guillermo…
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Bossa Nova Investimentos has partnered with Olympic swimmer Thiago Pereira and marathon runner Ítalo Nogueira to create a R$5m fund to invest in 15+ sports and wellness startups. (Startupi) Sempre…
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Bimbo Ventures and Sweet Capital, the VC fund of Candy Crush co-founders, invested US$5m in Jüsto, a Mexican grocery delivery startup. Mountain Nazca and Foundation Capital led a US$12m follow-on…
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Breakthrough Energy Ventures, Serena Ventures, Aglae Ventures, Air Angels, Sweet Capital and ThirdKind Ventures invested US$5m in Pachama, a San Francisco-based marketplace for carbon offset projects with initiatives in Brazil…
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Global Founders Capital, Ribbit Capital, MAYA Capital, and Y Combinator invested US$3.3m in Alude, a Brazilian proptech streamlining the client management process for real estate brokers. (LABS) – The Brazilian…
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Bowery Capital led a US$3.5m seed investment in Cerby, a Mexican cybersecurity startup, with participation from AV8 Ventures, Global Founders Capital, and the Incubate Fund US. (Contxto) As amazing as…
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Tiger Global and Lone Pine Capital led a R$1.25b Series D in Brazilian ecommerce SaaS platform VTEX, with participation from Endeavor Catalyst, and follow-on from Japanese VC fund Constellation Asset…
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IDB Invest invested R$95m in FreteBras, a Brazilian freight marketplace, through its Clean Technology Fund. As part of the investment, FreteBras will improve its carrier matching process to reduce idle…
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monashees led a R$20m round in EmCasa, a Brazilian proptech for buying and selling residential real estate, with participation from Caravela Capital, Mercado Libre’s MELI Fund, Pear Ventures, and Washington-based…
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BID Invest granted a line of credit of up to ~US$60m to Mexican lending platform Konfio. Konfio will have access to an initial ~US$36m in credit capacity which can be…
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Rappi raised US$300m from T. Rowe Price Associates and other undisclosed parties. Previous investors in Rappi include SoftBank, Andreesen Horowitz, DST Global, Sequoia Capital, and Y Combinator. (Nasdaq) Colombian all-purpose delivery…
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Cultivan Sandbox Ventures invested US$2m in Leaf, a San Francisco-based agtech startup for integrating farmland data across tech platforms, with participation from SP Ventures and Radicle Growth. (FinSMEs) Leaf, a…
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Valor Capital led a R$25m Series A in Quasar Flash, a Brazilian fintech providing receivable advances for SMEs. (Startupi) A Quasar Flash, startup que realiza operações de antecipação de recebíveis…
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Movile led a R$60m round in Zoop, a Brazilian white label fintech platform for SMEs and startups. Mobile invested US$18.3m in Zoop in 2019. (Press Release) Movile, one of Latin America’s…
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Cleantech Ventures, Israeli venture capital fund, with support of Chilean state development agency CORFO, and Greenvestment’s administration, opened a 3-MW Candelaria solar photovoltaic (PV) farm in Chile. The project will…
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brMalls, Cyrella Commercial Properties, and MultiPlan Invest R$30m in Delivery Center (em português)
Brazilian shopping center manager brMalls, Cyrella Commercial Properties, and Multiplan invested R$30m in Delivery Center, a Brazilian platform connecting digital vendor marketplaces with brick-and-mortar retail stores. (Reuters) – As gestoras…
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The Carlyle Group has agreed to acquire Occidental’s onshore assets in Colombia for USD825m. The transaction is expected to close in Q4 2020. (Press Release) Occidental (NYSE: OXY) today announced…
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Global Infrastructure Partners has provided a US$325m secured term loan to Mexico-based power producer Saavi Energia through its GIP Spectrum Fund. (Press Release) Global Infrastructure Partners (GIP), a leading global,…
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Brazil-based logistics company Hidrovias do Brasil has raised R$3.4b in its IPO, facilitating an exit for shareholders including Pátria Investimentos, BNDES, Temasek, and AIMCo. (Yahoo Finance) Shareholders of Brazilian logistics…
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AMP Capital and Enel X created joint venture for public transportation and associated infrastructure for vehicles’ storage, charging, repair, and operation. (IPE Real Assets) AMP Capital and Enel Group’s energy…
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Pátria Investimentos has reached a R$10b final close for its Infrastructure Fund IV. The fund will target investments in infrastructure, with a focus on logistics, energy, and telecoms, across Latin…
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I Squared Capital has exited Orazul Energy Perú, owner of companies Etenorte and Eteselva, which operate six transmission lines in Peru, via a US$158.5m sale to ISA Group. (Press Release)…
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Carlyle-backed oil and gas exploration and production company COG Energy purchased ARROW Exploration’s LLA 23 Block, located in the Llanos Basin, Colombia for US$12m. (Press Release) CALGARY, Alberta, Aug. 24,…
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Rio Ventura, Subsidiary of Starboard-Backed 3R Petroleum, acquired Rio Ventura Cluster from Brazil’s state-owned oil company Petrobras for US$94.2m. (Reuters) Brazil’s state-owned oil giant Petrobras said on Friday it has…
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Peninsula Investments Group closed fourth real estate Latin American Fund, Peninsula LatAm IV, for US$150m. The fund will provide equity and debt financing to projects targeting growing middle class and…
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Mubadala Investment Company and Magni Partners received approval from CADE to acquire four drilling rigs from Sete Brasil. (Valor Econômico) A aquisição pelas companhias Mubadala Investment Company (MIC), braço do…
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Mexico-focused energy and infrastructure fund Ainda and Mexico- and Spain-based construction group Aldesa have invested MX$951m in Concesionaria de Autopistas del Sureste (CAS) for 51% and 49% stakes, respectively. (El…
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Brookfield Energia Renovável completed a ~R$3b acquisition of solar energy complex in Minas Gerais, totaling 1,200 MW of installed power. Transaction is subject to Brazil’s government approval. (Global Legal Chronicle)…
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Darby, the emerging market private capital arm of Franklin Templeton, and Servtec, a Brazilian energy company, closed the acquisition of Parque Eolico Dunas do Paracuru. Details of the transaction were…
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Affiliate of BlackRock Global Energy & Power Infrastructure Fund has agreed to acquired stakes from Brazil-based company Triunfo Participações e Investimentos (TPI) in Juno Participações e Investimentos, Tijoá Participações e…
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Brookfield has agreed to acquire a 1,000 MW solar complex in Brazil from Spanish multinational Solatio for R$3b. This investment is part of Brookfield’s plan to invest between R$4b and…
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Caisse de dépôt et placement du Québec (CDPQ) and ENGIE completed the purchase of Petrobra’s remaining 10% stake in Brazilian natural gas pipeline company Transportadora Associada de Gás (TAG) for…
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Brookfield Asset Management received an additional US$32.3m for the sale of shares of electricity distribution company Empresa de Energía de Boyacá (EBSA) to Canada’s Northland Power. In 2019, Northland acquired…
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Global Infrastructure Partners (GIP) has closed on a US$110m secured loan investment in Colombia-based greenfield multipurpose port terminal Puerto Antioquia through its credit funds Global Infrastructure Partners Capital Solutions Funds…
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TPG’s The Rise Fund acquired China-based photovoltaics producer Trina Solar’s assets in Spain, Chile, Colombia, and Mexico totaling 1GW. The assets will be managed by Matrix Renewables, a newly launched…
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Private Equity Firm TC Latin America Partners acquired Peru-based office complex Centro Empresarial Juan de Arona (CEJA). The amount of the transaction was undisclosed. (Leaders League) Latin American real estate-focused…
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Abertis and GIC have acquired a 72.3% stake in Red de Carreteras de Occidente (RCO), a toll road network in Mexico. The transaction was completed by obtaining 70% stake held…
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Patria Investimentos has formed a renewable energy firm after acquiring solar and wind assets with roughly 800MW capacity to control and develop them. (Reuters) Brazilian private equity firm Patria…
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Riverstone raised MXN$662m on the Mexican Stock Exchange (BMV) for energy investments in Mexico. The CKD was launched in 2017 for MXN$8b. (Latin Finance) US asset management firm Riverstone plans…