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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ALIVE Ventures, formerly Acumen LatAm Capital Partners, reached a final close for its US$28m Latin America Early Growth Fund. The fund will focus on agribusiness, education, and clean energy in…
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Lavoro, the agricultural arm of Pátria Investimentos, has acquired Brazil-based agribusiness Qualicitrus for an undisclosed amount. (Fusões & Aquisições) A Lavoro, braço agrícola do Pátria Investimentos, e um dos maiores…
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Magma Partners and LEAP Global Partners invested US$1.2m in ARCA, a Mexican insurtech marketplace focused on car insurance, with participation from insurance company Grupo Peña Verde. (Contxto) In Mexico, insurance is…
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Iporanga Ventures led a R$5m round in Brazilian online course search engine Classpert, with participation from Canary. Classpert is a spinoff of Quero Educacao, a Brazilian marketplace for school discovery.…
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Fundación Bancolombia and Fondo Acción led a US$500k round in Awake Travel, a Colombian travel booking platform for eco-friendly trips. (Contxto) Who says travel startups are taboo for venture capitalists…
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Redpoint eventures led a US$11m Series B in Magnetis, a Brazilian personal finance management platform, with follow-on from Vostok Emerging Finance. Magnetic previously raised R$17m in a Series A from…
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Allievo Capital, Caravela Capital, and Fundação Estudar invested US$2m in Mottu, a Brazilian motorbike rental service for last-mile delivery companies. (Contxto) Brazilian motorcycle delivery as a service, Mottu, raised a pre-Series…
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KPTL made an undisclosed investment in Syos, a Brazilian IoT platform focused on temperature and maintenance monitoring for commercial refrigerators. The investment in Syos comes from KPTL’s Criatec III Fund,…
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Quest Venture Partners made a US$4m follow-on investment in dataPlor, a Brazilian startup crowdsourcing local retail market intelligence, with participation from Space Capital and FF Venture Capital. Quest Venture Partners…
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Arc Labs made a US$25m debt investment in Flat.mx, a Mexican proptech focused on the purchase, renovation, and resale of residential real estate. ALLVP led Flat’s US$4.5m pre-seed round in…
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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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GP Investimentos sold for R$1 its 33% stake in Beleza Natural, a beauty institute chain focusing on Class C consumers in Brazil. GP invested R$70m in the company in 2013. …
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Loft launched a R$360m real estate fund on B3, the São Paulo Stock Exchange. The capital is expected to enable the proptech to execute ~2,000 real estate transactions in the…
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BNDES has approved an investment of up to R$150m in Vinci Impacto e Retorno IV. The vehicle, which targets R$600m, will invest in medium-sized companies operating in the health care,…
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Barn Investments made an undisclosed investment in Origem Motos Eléctricas, a Brazilian manufacturer and B2B provider of electric motorbikes. Brazilian accelerator Cotidiano and SMU Crowdfunding are previous investors. (Press Release)…
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MatterScale Ventures invested US$5m in Torre, a Colombian talent search and job matching platform targeting young professionals. (Contxto) The right email arriving at the right time can make even the…
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SoftBank made an undisclosed Series B investment in iClinic, a Brazilian healthtech platform focused on providing electronic health records, as well as marketing and billing services to independent medical practices.…
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Redpoint eVentures, Spectra, and Fir Capital made a R$115m follow-on investment in ABC da Construção, a Brazilian construction finishing company, to fuel its digital expansion. (Startupi) A rede ABC da…
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Miami-based Clout Capital invested US$2m in ComunidadFeliz, a Chilean operations and finance management platform for condominium administrators and tenants. Wayra, BlueBox Ventures, and Mexican real estate company Tierra y Armonía…
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Astella Investimentos made an undisclosed investment in Livance, a Brazilian on-demand office space provider for health professionals. (Press Release) Uma das maiores dores de todo empreendedor são os custos fixos.…
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Valor Capital invested US$4m in Solfácil, a Brazilian solar energy financing platform. (Press Release) Reducing electricity bills once and for all, with no upfront investment and in a sustainable manner.…
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Tarpon Investimentos, through it’s agribusiness and food arm 10b, has invested R$160m in Agrivalle, a Brazil-based technology company that develops biological products, fertilizers, and bio-stimulants. (Press Release) A Tarpon adquiriu…
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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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Latache Capital raised a private equity fund of R$300m to buy stakes in companies having financial difficulties in Brazil. (Fusões & Aquisições) A gestora de fundos Latache captou um fundo…
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Lavoro, the agricultural arm of Pátria Investimentos, has acquired Brazil-based agribusiness Qualicitrus for an undisclosed amount. (Fusões & Aquisições) A Lavoro, braço agrícola do Pátria Investimentos, e um dos maiores…
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GP Investimentos sold for R$1 its 33% stake in Beleza Natural, a beauty institute chain focusing on Class C consumers in Brazil. GP invested R$70m in the company in 2013. …
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BNDES has approved an investment of up to R$150m in Vinci Impacto e Retorno IV. The vehicle, which targets R$600m, will invest in medium-sized companies operating in the health care,…
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Tarpon Investimentos, through it’s agribusiness and food arm 10b, has invested R$160m in Agrivalle, a Brazil-based technology company that develops biological products, fertilizers, and bio-stimulants. (Press Release) A Tarpon adquiriu…
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Latache Capital raised a private equity fund of R$300m to buy stakes in companies having financial difficulties in Brazil. (Fusões & Aquisições) A gestora de fundos Latache captou um fundo…
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Produtec, a company backed by Pátria Investimentos, has agreed to acquire Brazil-based agribusiness Integra for an undisclosed amount. (Reuters) A Produtec, empresa controlada pela Terraverde, holding de um fundo do…
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Oaktree Capital Management will invest US$1.3b in private financing in LATAM Airlines, which recently filed for bankruptcy in the US and added its Brazilian operations to the chapter 11 process.…
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Private equity fund Bocel will launch a CKD on the Mexican Stock Exchange to invest in mid-sized companies across different sectors. Details of the offering were undisclosed. (El Economista) Bocel,…
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BNDES will invest R$300m in the ACON Latin America Opportunities Fund (ALAOF). The vehicle is targeting up to R$1.2b from financial institutions, including other development banks, to invest in Brazilian…
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TreeCorp Investimentos invested R$100m in Zee.Dog, a Brazilian marketplace for pet goods. Zee.Dog has plans for international expansion to Seattle and New York in the coming months. (Brazil Journal) A…
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Public Investment Fund (PIF) of Saudi Arabia invested in two Pátria Investimentos funds. Commitment amounts were undisclosed. (Valor Econômico) O Fundo de Investimento Público (PIF) começou a investir no Brasil…
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IFC and Australis Partners will invest up to US$15m in Reve Group, a Latin American retail and consumer foodservice company operating in Colombia, Panama, and Chile. The funding will be…
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General Atlantic and XP Controle Participações, the founding holding company of XP, have filed for a secondary share offering of US$1b for up to 22.4m shares on Nasdaq. (Reuters) Brazilian…
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TreeCorp Investimentos acquired a controlling stake in Brazil-based food chain Cabana Burger Restaurante e Lanchonete for R$60m. (WSJ) Brazilian middle-market investor TreeCorp Investimentos acquired a controlling stake in Cabana Burger…
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Vinci Partners-backed Vero Internet has acquired Brazil-based internet provider MKA Telecom for an undisclosed amount. (Valor Econômico) A Vinci Partners redobrou sua aposta na expansão dos serviços de banda larga…
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L Catterton made an undisclosed investment in PetLove, a Brazilian marketplace for pet goods. SoftBank invested US$48m earlier this year. (Press Release) Petlove (the “Company”), which this month celebrates 21 years…
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IG4 Capital has acquired CLI, CGG Trading’s infrastructure and logistics projects operator and majority shareholder in Brazil-based grain terminal Tegram. The deal includes the restructuring of US$236m in debt owed…
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Patria Investimentos and Leblon Equities have acquired an 18% stake in Brazil-based insurance company Alper (formerly known as BR Insurance) from businessman Marcelo Lima. (Brazil Journal) O empresário Marcelo Lima…
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HarbourVest Partners Mexico raised US$170m through the Series B issue of a Certificado de Proyectos de Inversión (CerPi) offering on the Mexican Stock Exchange (BMV). The CerPi, listed as HV2PI…
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Advent International-backed Brazil-based educational group YDUQS acquired Brazil-based post-secondary educational group Grupo Athenas for R$120m. (Brazil Journal) A YDUQS acaba de comprar o Grupo Athenas, reforçando sua presença no Norte…
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Blue Like an Orange Sustainable Capital has reached a US$200m+ final close for its first Latin America fund. The fund has a co-financing agreement with IDB Invest and counts over…
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XP Private Equity acquired control of Brazil-based CBV Eye Hospital for R$200m. XP plans to use CBV as a consolidation platform in Brazil, with 5,000 clinics and ~ R$8b of…
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Equity International, through its investment fund Riverside Fundo de Investimento em Participações Multiestrategia, increased its stake in Estapar (Allpark), a Brazil-based company that manages and operates vehicle parking lots. (Valor…
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IG4 Capital has acquired two Brazilian hospitals through its recently formed OPY Health unit for R$200m. IG4 plans on expanding the number of beds in both hospitals. (Press Release) Opy…
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KKR Mexico made four commitments with CerPi resources. Details of the commitments were undisclosed. (Investing.org) KKR (NYSE:KKR) de México, una filial de la firma global que administra fondos de inversión…
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ALIVE Ventures, formerly Acumen LatAm Capital Partners, reached a final close for its US$28m Latin America Early Growth Fund. The fund will focus on agribusiness, education, and clean energy in…
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Magma Partners and LEAP Global Partners invested US$1.2m in ARCA, a Mexican insurtech marketplace focused on car insurance, with participation from insurance company Grupo Peña Verde. (Contxto) In Mexico, insurance is…
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Iporanga Ventures led a R$5m round in Brazilian online course search engine Classpert, with participation from Canary. Classpert is a spinoff of Quero Educacao, a Brazilian marketplace for school discovery.…
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Fundación Bancolombia and Fondo Acción led a US$500k round in Awake Travel, a Colombian travel booking platform for eco-friendly trips. (Contxto) Who says travel startups are taboo for venture capitalists…
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Redpoint eventures led a US$11m Series B in Magnetis, a Brazilian personal finance management platform, with follow-on from Vostok Emerging Finance. Magnetic previously raised R$17m in a Series A from…
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Allievo Capital, Caravela Capital, and Fundação Estudar invested US$2m in Mottu, a Brazilian motorbike rental service for last-mile delivery companies. (Contxto) Brazilian motorcycle delivery as a service, Mottu, raised a pre-Series…
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KPTL made an undisclosed investment in Syos, a Brazilian IoT platform focused on temperature and maintenance monitoring for commercial refrigerators. The investment in Syos comes from KPTL’s Criatec III Fund,…
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Quest Venture Partners made a US$4m follow-on investment in dataPlor, a Brazilian startup crowdsourcing local retail market intelligence, with participation from Space Capital and FF Venture Capital. Quest Venture Partners…
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Arc Labs made a US$25m debt investment in Flat.mx, a Mexican proptech focused on the purchase, renovation, and resale of residential real estate. ALLVP led Flat’s US$4.5m pre-seed round in…
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Loft launched a R$360m real estate fund on B3, the São Paulo Stock Exchange. The capital is expected to enable the proptech to execute ~2,000 real estate transactions in the…
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Barn Investments made an undisclosed investment in Origem Motos Eléctricas, a Brazilian manufacturer and B2B provider of electric motorbikes. Brazilian accelerator Cotidiano and SMU Crowdfunding are previous investors. (Press Release)…
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MatterScale Ventures invested US$5m in Torre, a Colombian talent search and job matching platform targeting young professionals. (Contxto) The right email arriving at the right time can make even the…
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SoftBank made an undisclosed Series B investment in iClinic, a Brazilian healthtech platform focused on providing electronic health records, as well as marketing and billing services to independent medical practices.…
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Redpoint eVentures, Spectra, and Fir Capital made a R$115m follow-on investment in ABC da Construção, a Brazilian construction finishing company, to fuel its digital expansion. (Startupi) A rede ABC da…
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Miami-based Clout Capital invested US$2m in ComunidadFeliz, a Chilean operations and finance management platform for condominium administrators and tenants. Wayra, BlueBox Ventures, and Mexican real estate company Tierra y Armonía…
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Astella Investimentos made an undisclosed investment in Livance, a Brazilian on-demand office space provider for health professionals. (Press Release) Uma das maiores dores de todo empreendedor são os custos fixos.…
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Valor Capital invested US$4m in Solfácil, a Brazilian solar energy financing platform. (Press Release) Reducing electricity bills once and for all, with no upfront investment and in a sustainable manner.…
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Grupo Prisma, Albatross Capital, and Katapult Impact invested US$8.5m in Burn to Give, a socially responsible Chilean insurtech focused on providing life insurance to underprivileged families and incentivizing policyholders’ wellbeing…
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Canary invested US$980k in Mobees, a Brazilian adtech startup for rideshare services. (Contxto) Brazilian Mobees is mixing mobility and tech to give drivers an additional source of income. No, not through a ride-hailing platform mind you,…
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Canary and Norte Ventures led a R$5m round in Rapicare, a Brazilian medical supply SaaS startup for healthcare businesses. (Brazil Journal) Há trocentas healthtechs tentando botar de pé o Ovo…
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Globant Ventures made an undisclosed investment in Argentine startups Woocar, a driver safety platform, and in Drixit, a provider of safety compliance monitoring services for manufacturing plants. (Contxto) Software company Globant,…
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Salesforce Ventures led a US$120m Series F in Auth0, an identity verification solution founded by Eugenio Pace and Matias Woloski, with participation from DTCP, and follow-on from Bessemer Venture Partners,…
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SVB launched a US$30m Latin America Growth Lending Fund in partnership with Partners for Growth (PFG) and IBD Invest. The fund will provide structured debt to late-stage companies in sectors…
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QED Investors led a US$22.5m Series B in Brazilian digital brokerage Warren, with participation from Mercado Libre’s MELI Fund, WPA and Quartz, and follow-on from KaszeK Ventures, Chromo Invest, and…
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Soma Capital, InQlab, and Palm Drive Capital invested US$5m in LAIKA, a Colombian e-commerce platform for pet goods and services, to strengthen its operations in Colombia and expand to the…
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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…
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Riverstone Holdings agreed to acquire an 80% stake in two Mexican solar photovoltaic plants, totaling 144MW, from Spanish developer Opdenergy. This acquisition will form Vera Renovables, an 80/20 joint venture…
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SURA Investment Management and Credicorp Capital Asset Management, together called Unión para la Infraestructura S.A.C (UPI), launched a US$86.5m target equity infrastructure fund focused on Pacific Alliance countries: Colombia, Chile,…
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German naval company Thyssenkrupp Marine Systems will buy the shipyard Oceana, owned by Grupo CBO. Vinci Partners and Patria Investimentos are shareholders of Grupo CBO. The transaction is subject to…
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Latache Capital agreed to buy a stake in transportation services provider Rodovias do Tietê from Portuguese company Lineas. Financial terms of the transaction were undisclosed. (Valor Econômico) A Latache Capital…
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Pirineus Multistrategy Investment Fund acquired Brazilian power distributor Centrais Eletricas Brasileiras’ (Eletrobras’) 49% stake in Brazil-based 26-MW Mangue Seco 2 wind farm for R$33m. (Press Release) Centrais Elétricas Brasileiras S/A…
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Florida State Board of Administration (SBA) has agreed to commit US$100m to Patria Investimentos Infrastructure Fund IV, a fund managed by Brazil-focused private equity firm Patria Investimentos. The vehicle, targeting…
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Colony Capital, through its global infrastructure investment platform Digital Colony, has acquired Brazil-based digital infrastructure company UD Tecnologia for reportedly R$1.5b. (Press Release) Digital Colony Management, LLC (“Digital Colony” or…
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White River Renewables, a joint venture between U. S Private Equity firm Riverstone Holdings and Switzerland firm White Summit Capital, has acquired two Mexican solar projects from Jinko Solar. The…
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Ardian Infraestructure acquired 49% stake in two Peruvian solar power plants, namely Tacna Solar and Panamericana Solar, deom Spanish renewwable energy company SolarPack, which retains a controlling stake. The agreement was…
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Evoltz, controlled by TPG Capital, agreed to acquire a 49.5% stake for R$232m in Eletrobras transmission lines in the north of Brazil. Transaction is pending approval by CADE and Aneel.…
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Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers’ Pension Plan Board (OTPP) have finalized the purchase of 40% of the shares of Mexican infrastructure operator Impulsora del Desarrollo y…
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Solar sector specialist asset manager NextEnergy Capital has acquired the first phase of a 108MW solar project in Mexico through NextPower III. This transaction is NextEnergy’s first acquisition in Mexico.…
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Real assets investment fund MIRA has acquired a commercial and residential development for ~US$100m in Polanco, Mexico City. (Investing.com) Mira Manager, un fondo de inversión que se especializa en la…
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VTRM Energia, a joint venture between The Canada Pension Plan Investment Board (CPPIB) and Votorantim Energia, has received authorization from CADE to acquire 14 wind projects in northeastern Brazil. (Reuters)…
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Aqualia, water subsidiary of citizen service group FCC and Australian investment fund IMF, acquires 13 water concessions in Colombia, the third largest market for the group after Spain and the…
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ARC Partners and Ithaca Capital have jointly acquired the W Hotel Bogotá for US$40m. This is the second joint venture for the two firms, who previously acquired the JW Marriot…