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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Abertis and GIC, investment firm that manages Singapore’s foreign reserves, have acquired 72.3% stake in Red de Carreteras de Occidente (RCO), a toll road networks in Mexico . The transaction…
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Tembici, a Brazilian micro-mobility platform focused on bikes, raised a US$47m Series B led by Valor and Redpoint eventures. (Press Release) On World Bicycle Day, Tembici, the leader of micromobility…
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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 on 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 on…
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Cortex, a Brazilian SaaS marketing and sales growth platform, raised a US$22 Series B led by SoftBank’s Latin America Fund, with participation from Redpoint eventures and Endeavor Catalyst. (Press Release)…
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Equity International, through investment fund Riverside Fundo de Investimento em Participações Multiestrategia, increased its participation stake in Estapar (Allpark), a Brazil-based company that manages and operates vehicle parking lots. (Valor…
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Private Equity firm 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. …
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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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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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Quona Capital led a US$15m round in ADDI, a Colombian point-of-sale lending platform, with participation from Foundation Capital, S7 Ventures, as well as returning investors Andreessen Horowitz and monashees. (Contxto)…
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International Finance Corporation has agreed to invest US$26m in L Catterton Latin America Fund III. The fund will target small to mid-sized companies focused in the consumer sector in Latin…
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Zenklub, a Brazilian online therapy and wellness platform, raised R$16.5m from Indico Partners. The Portuguese fund first invested in the company in 2019. (Baguete) O Zenklub, uma plataforma que oferece…
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Eurofarma’s CVC arm Neuron Ventures led a US$1m round in Psicologia Viva, a Brazilian B2B mental health platform. The company provides remote therapy for employees that are part of decentralized…
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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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Oria Capital invested R$40m in Brazilian AI-powered recruiting platform Gupy. Valor, Canary, and Maya Capital invested previously. (Press Release) Oria Capital invests R$40 million in Gupy, leading HR Tech software…
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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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Fen Ventures, Magma Partners, and Fondo Alerce invested US$1.3m in Chile-based proptech Houm. The startup will use the investment to raise brand awareness and expand its marketplace within Chile. (Contxto)…
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Canary, Atlantico, and Big Bets led a R$7.5m round in Brazilian event planning platform Festalab. (Contxto) Coronavirus (Covid-19) may be reducing the number of social gatherings. But party-planning platform FestaLab still has…
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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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GIC, Farallon Capital Management, and HPS Investment Partners have agreed to acquire Bain Capital’s shares in Latin America CRM and BPO company Atento in exchange for their notes. The debt-for-equity…
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Canary led a R$3.2m round in Clarke Energia, a Brazilian startup managing electricity bills for SMEs, with participation from Fundação Estudar Alumni Partners. (Startupi) A Clarke Energia é uma startup…
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Acumen LatAm Capital Partners led an undisclosed follow-on investment in Crehana, a Peruvian edtech, with participation from Hochschild Group’s CVC arm, Edventures, and follow-on from DILA Capital and Mountain Nazca. (Press Release) Acumen Latam Capital…
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Advent International-backed Brazil-based educational group YDUQS has finalized the acquisition of Brazilian workforce solutions provider Adtalem Educacional do Brasil from its parent company, US-based Adtalem Global Education, for US$424m. (Yahoo…
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Mountain Nazca exited Kavak, a Mexican marketplace for used cars, through a secondary sale to SoftBank and General Atlantic. KaszeK Ventures invested previously. (Press Release) Mountain Nazca se convierte en…
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TheVentureCity led a US$3m Series A in SimpliRoute, a Chilean logistics intelligence platform, to strengthen its presence in Mexico, Colombia and Uruguay. ChileGlobal Ventures, Wayra Chile, and 500 Startups invested…
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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 on 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 on…
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Equity International, through investment fund Riverside Fundo de Investimento em Participações Multiestrategia, increased its participation stake in Estapar (Allpark), a Brazil-based company that manages and operates vehicle parking lots. (Valor…
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Private Equity firm 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. …
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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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International Finance Corporation has agreed to invest US$26m in L Catterton Latin America Fund III. The fund will target small to mid-sized companies focused in the consumer sector in Latin…
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GIC, Farallon Capital Management, and HPS Investment Partners have agreed to acquire Bain Capital’s shares in Latin America CRM and BPO company Atento in exchange for their notes. The debt-for-equity…
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Advent International-backed Brazil-based educational group YDUQS has finalized the acquisition of Brazilian workforce solutions provider Adtalem Educacional do Brasil from its parent company, US-based Adtalem Global Education, for US$424m. (Yahoo…
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Private equity firm Evolvere Capital has acquired Colombia-based dental clinic network Dentix Colombia for an undisclosed amount. (La República) Fondos gestionados por Evolvere Capital han adquirido la totalidad de acciones…
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SoftBank has invested US$48m from its Latin America fund in Brazil-based online pet product retailer Petlove to accelerate the company’s growth to meet higher demand for online services during the…
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H.I.G. Capital led a US$65m investment in Brazil-based full service logistics firm Modern Logistics through a convertible debt with participation from other investors and unnamed family offices. Modern Logistics is…
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Ultracheese, company controlled by Latin American agribusiness private equity fund manager Aqua Capital, has acquired Brazil-based buffalo milk cheese manufacturer Búfalo Dourado. The amount of the transaction was undisclosed. (Press…
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Brazil-focused special situations fund manager IG4 Capital Partners reached a USD231.5m final close for its Private Equity Fund II. IG4 has also raised additional co-investment commitments for the recently created…
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French multinational Michelin acquired Teak Capital-backed ConVeyBelts, a manufacturer of conveyor belts used in the mining, steel, and transportation areas. (Fusões & Aquisições) Multinacional francesa compra brasileira ConVeyBelts, produtora de…
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US private equity firm Warburg Pincus invests US$63.5m in Grupo Superlógica, a Brazil-based IT company with a focus on real estate and financial services. The investment will focus in technology…
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Entrepreneur Launches PE-firm SMZTO Participacoes em Negocios & SMZ FIP Multiestrategia Raises B$50m
José Carlos Semenzato, founder of the Instituto Embelleze and partner of Espaço Laser, launched PE-firm SMZTO Participacoes em Negocios. SMZ FIP Multiestrategia, its first fund, raised B$50m (US$10.3m) from eight…
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Private-equity firm Vinci Partners bought a minority stake in Pernambuco’s AFC Soluções Ambientais, an industrial and commercial waste management company. (Valor Econômico) A gestora de fundos de private equity Vinci…
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Nexxus Capital exited El Farolito, restaurant franchise in Mexico, via an strategic sale to Grupo Gigante. The transaction was undisclosed. (El Financiero) Grupo Gigante anunció este miércoles la adquisición de…
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FKS Group, agribusiness multinational based in Singapore, acquired 49% stake in Tiete Agroindustrial from Proterra Investment Partners. (Fusões & Aquisições) O Grupo FKS, multinacional de agronegócios sediada em Cingapura, comprou 51%…
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Pátria Investimentos, through the holding company Terraverde, backed Lavoro Agrocomercial to acquire Central Agrícola, a company that sells seeds, fertilizers, and pesticides. The transaction was approved by CADE and the…
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XP Investimentos listed its first private equity FIP, fund raising BR$1.264b from more than 5,000 investors from Brazil each investing a minimum of R$150k. (Valor Econômico) A XP concluiu na…
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Mexican private equity fund manager Alta Growth Capital has sold 50% of its interest in three Mexican hospitals to RAG Capital Partners for MXN$150m (approximately US$6.2m). (Jones Day) Jones Day…
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The Brazilian subsidiary of Orpea, a France-based long-term care provider, increased its equity stake in Brazil Senior Living (BSL), a joint venture between Orpea and Patria Investments, to 50%. (Global…
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Cicero Impact Capital and Promotora Social México made a US$4m debt investment in Medica San Carmen. The investment will be used for national expansion, marketing, technology, and operational expenses. (Press…
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Americold Realty Trust has agreed to acquire a 15% stake in SuperFrio Armazéns Gerais, a Brazilian cold storage operator owned by Patria Investimentos, for US$28m. (Comercial Property Executive) Americold Realty…
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Tembici, a Brazilian micro-mobility platform focused on bikes, raised a US$47m Series B led by Valor and Redpoint eventures. (Press Release) On World Bicycle Day, Tembici, the leader of micromobility…
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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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Cortex, a Brazilian SaaS marketing and sales growth platform, raised a US$22 Series B led by SoftBank’s Latin America Fund, with participation from Redpoint eventures and Endeavor Catalyst. (Press Release)…
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Quona Capital led a US$15m round in ADDI, a Colombian point-of-sale lending platform, with participation from Foundation Capital, S7 Ventures, as well as returning investors Andreessen Horowitz and monashees. (Contxto)…
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Zenklub, a Brazilian online therapy and wellness platform, raised R$16.5m from Indico Partners. The Portuguese fund first invested in the company in 2019. (Baguete) O Zenklub, uma plataforma que oferece…
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Eurofarma’s CVC arm Neuron Ventures led a US$1m round in Psicologia Viva, a Brazilian B2B mental health platform. The company provides remote therapy for employees that are part of decentralized…
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Oria Capital invested R$40m in Brazilian AI-powered recruiting platform Gupy. Valor, Canary, and Maya Capital invested previously. (Press Release) Oria Capital invests R$40 million in Gupy, leading HR Tech software…
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Fen Ventures, Magma Partners, and Fondo Alerce invested US$1.3m in Chile-based proptech Houm. The startup will use the investment to raise brand awareness and expand its marketplace within Chile. (Contxto)…
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Canary, Atlantico, and Big Bets led a R$7.5m round in Brazilian event planning platform Festalab. (Contxto) Coronavirus (Covid-19) may be reducing the number of social gatherings. But party-planning platform FestaLab still has…
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Canary led a R$3.2m round in Clarke Energia, a Brazilian startup managing electricity bills for SMEs, with participation from Fundação Estudar Alumni Partners. (Startupi) A Clarke Energia é uma startup…
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Acumen LatAm Capital Partners led an undisclosed follow-on investment in Crehana, a Peruvian edtech, with participation from Hochschild Group’s CVC arm, Edventures, and follow-on from DILA Capital and Mountain Nazca. (Press Release) Acumen Latam Capital…
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Mountain Nazca exited Kavak, a Mexican marketplace for used cars, through a secondary sale to SoftBank and General Atlantic. KaszeK Ventures invested previously. (Press Release) Mountain Nazca se convierte en…
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TheVentureCity led a US$3m Series A in SimpliRoute, a Chilean logistics intelligence platform, to strengthen its presence in Mexico, Colombia and Uruguay. ChileGlobal Ventures, Wayra Chile, and 500 Startups invested…
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ALLVP and NFX led a US$5.3m seed round in Nuvocargo, a Mexican managed freight transportation marketplace for Mexico-US routes, with participation from Maya Capital, Magma Partners, One Way Ventures, and…
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Mexican vocational training platform Aprende Institute raised a US$1.6m seed round with participation from Angel Ventures, Artisan Venture Capital, 500 Startups, and Claure Group. (Press Release) Miami, Florida. April 20th…
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DNA Capital led a US$4.5m Series B in Memed, a Brazilian provider of digital drug prescriptions, and followed on in Feegow, a Brazilian medical clinic software provider. (Valor Econômico) Enquanto…
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Colombian credit placement platform Avista raised a US$75m credit line led by undisclosed financial institutions. Avista was founded in 2019 and previously raised US$2m in seed funding. Avista provides credit…
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Valor Capital and DNA Capital led a US$11m Series B in Sanar, a Brazilian edtech platform designing customized online training for careers in healthcare, with follow-on from e.bricks Ventures and…
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Frubana, a Colombian B2B platform of agri-products for restaurants and small retailers, closed a US$25m Series A led by GGV and monashees with participation from SoftBank, Tiger Global and others…
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iFood completed a majority acquisition of Domicilios, which Delivery Hero acquired in 2014. iFood will own 51% of the JV with Delivery Hero. The transaction is undisclosed but one of…
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Brazilian logistics platform CargoX raised a US$80m Series E led by LGT Lightstone Latin America, with follow-on from Valor Capital, Goldman Sachs Growth Equity and Farallon Capital. (Reuters) Brazil startup…
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SoftBank has invested US$48m from its Latin America fund in Brazil-based online pet product retailer Petlove to accelerate the company’s growth to meet higher demand for online services during the…
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DILA Capital led an undisclosed Series A in payments platform Kushki, with participation from KaszeK Ventures, Magma Partners, Clocktower Ventures and Conexo. (Contxto) Ecuadorian/Colombian Kushki closed its Series A for an undisclosed…
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Capital Invent led a MX$27.6m round in Dev.f, a Mexican edtech for programmers. (Press Release) Dev.f, a Mexican Edtech Startup, raise investment round to increase the number of programmers in…
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UK-based real estate crowdfunding platform Bricksave raised a US$1.4m Series A from Seedrs, Kinled Holding, and Lab Ventures to expand operations from Argentina to Brazil. Bricksave was a WeXchange finalist…
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Abertis and GIC, investment firm that manages Singapore’s foreign reserves, have acquired 72.3% stake in Red de Carreteras de Occidente (RCO), a toll road networks in Mexico . The transaction…
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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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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…
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Vinci Partners, RBR Asset Management, and BRL Trust Distribuidora de Valores acquire real estate assets from PE-backed Global Logistic Properties (GLP) for R$590m (US$128m). (Valor Econômico) A Global Logistic Properties…
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Patria-backed real estate company Alphaville Urbanismo filed for an IPO. The details of the transaction are undisclosed. (Reuters) Brazilian real estate company Alphaville Urbanismo SA filed for an initial public…
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Private equity manager Starboard Restructuring Partners, acquired Oil & Gas provider Ouro Preto. The transaction was undisclosed. (Valor Econômico) Starboard Restructuring Partners, gestora de private equity, concluiu a compra de…
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Global investment firm Colony Capital-backed Selina, a community-focused lifestyle group, will invest US$150m into Mexico Hotel pipeline. The cities in Mexico include San Miguel de Allende, Sayulita, San Cristóbal de…
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Monte Equity Partners, in its first fund dedicated to infrastructure, signed to acquire a stake in three highway concessionaires in the Northeast of Brazil. The amount of the transaction was…
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Real Infrastructure Capital Partners will finalize the construction of the Sonsonate Solar photovoltaic plant, a 13 MW project located in Acajutla, El Salvador. Real Infrastructure Capital Partners became the second…
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German Development Bank KfW Invested US$31m in Genneia, an Argentine renewable energy company that operates two wind power projects including Pomona II, which is already running, and Chubut Norte II,…
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Real Estate investment firm Hemisfério Sul Investimentos has purchased the Hotel Hilton in São Paulo from Park Intermediate Holdings. The transaction was made jointly with GIC Realty, for R$150m. (Valor…
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Grupo IGS acquired the South Park Complex in Mexico. The amount of the transaction was undisclosed. (Investing.com) Grupo Desarrollador IGS, un fondo de inversión especializado en bienes raíces y propietaria…
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Vinci Shopping Centers Real Estate Investment fund, administered by Vinci Partners raised R$480m via an offering on the Brazilian stock exchange. (Money Times) A Vinci Partners divulgou ao mercado o…