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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Redwood Ventures led an undisclosed seed investment in Genius Foods, a Mexican foodtech focused on extending the shelf life of food products. (Amexcap) Redwood Ventures lideró la ronda semilla de…
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banco BV (formerly Banco Votorantim) led a R$25m investment in Olivia, a California-based personal finance app, to fund expansion into Brazil. Olivia was founded by Brazilians Cristiano Oliveira and Lucas…
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DUX Capital led a follow-on investment in Atexto, a Mexican developer of chatbot technology for customer service applications, with participation from Redwood Ventures, Avalancha Ventures MC Capital, and others. (Press…
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ABseed and Order invested R$10m in Leads2b, a Brazilian client prospecting SaaS platform. Grupo Bonin invested previously. (Neofeed) A Leads2b, startup de Curitiba responsável por uma plataforma de prospecção de…
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Private Equity firm Denham Capital, through its international power fund, committed US$250m to Ceiba Energy, which is an owner, developer and operator of renewable energy and natural gas assets in…
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Grupo Proeza launched Proeza Ventures, a US$50m corporate venture capital vehicle focused on mobility investments. (Press Release) Monterrey, Mexico – Proeza Ventures, a Houston, Texas and Monterrey-based venture capital firm,…
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Astella Investimentos led a R$20m investment in Kenoby, a Brazilian SaaS platform for employee recruitment. (Contxto) Kenoby, the Brazilian HR startup can kick its recruitment technology into high gear as…
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SP Ventures led a US$23m Series B in Agrofy, an Argentine marketplace for agricultural supplies, with participation from Fall Line Capital and ACRE Capital, and follow-on from Cygnus Capital. Agrofy…
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Kue Capital, through its IDK Capital Fund, closed the acquisition of the tugboat subsidiary of Grupo TMM in Manzanillo Mexico. This is the first investment from the IDK Capital Fund.…
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Mexican fintech Resuelve Tu Deuda raised MX$93m (~US$5m) from DILA Capital and an additional MX360m (~US$19m) in debt financing from Alloy Merchant Finance. (El Universal) El desarrollo de empresas financieras…
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Dila Capital led an undisclosed investment in Someone Somewhere, a marketplace for Mexican artisanal goods, with participation from PSM, GBM Ventures, Soldiers Field Angels, Unreasonable Capila and Kalei Ventures. (Investing.com)…
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PE firm Kinea and Grupo A, a provider of educational materials, acquired a 51% stake in Saber en Rede, an edtech marketplace that connects students with grad school vacancies via…
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Andreessen Horowitz and Vulcan Capital led a US$175m Series C in Brazilian proptech Loft, with participation from Valor Capital and follow-on from monashees, Fifth Wall Ventures, QED Investors, Thrive Capital.…
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Brazilian food production company Alnutry Alimentos a portfolio company of Brazilian private equity firm Stratus Group, completed the acquisition of competitor Hikari Indústria e Comércio. Financial details of the transaction…
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Uruguay-based biotech Eolo Pharma raised a US$2.7m Series A from CITES and a group of international investors to fund preclinical trials for an obesity treatment. Eolo Pharma is run by…
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Cedro Capital led a R$4.5m investment in Brazilian fintech Nucont, with participation from FC Capital and others. (Contxto) Bookkeepers at Brazilian fintech, Nucont, will be adding R$4.5 million (about US$1.1…
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Solistica, FEMSA’s logistics subsidiary, acquired AGV, a value-added warehousing and distribution company in Brazil. (Press Release) Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today that…
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Victoria Capital Partners and the International Finance Corporation (IFC) exited publicly listed student loan provider Pravaler by selling their remaining shares to Itaú Unibanco. Financial terms of the transaction were…
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Patria Investimentos acquired CART (Concessionária Auto Raposo Tavares), a highway concession which controls 834km of roads in Brazil. Financial terms of the transaction were undisclosed but Patria plans to invest…
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Private Equity fund Australis Partners agreed to a follow-on investment of US$18.4m in Reve Group, which owns Colombian supermarket chain Justo & Bueno and coffee shop chain Tostao. This investment…
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Goldman Sachs will exit Brazilian telecommunications infrastructure company Cell Site Solutions (CSS) in a sale to African telecommunications conglomerate IHS Towers, which is expanding into Latin America. Financial terms of…
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Real estate credit marketplace Melhortaxa raised ~R$4.5m from the private equity arm of Goldman Sachs at a reported valuation of R$100m. This is Goldman’s third investment in Melhortaxa through Holding…
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Tencent and Fondo Pitanga made a follow-on US$50m investment in Argentine spacetech Satellogic, with participation from IDB Lab. Tencent and Pitanga led a US$27m Series B in 2017. (Clarín) La…
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BlackRock lists a Cerpi for US$68.8m, which will be use to invest in private capital activities and projects in Mexico. Some of the sectors are real estate, infraestructure, and natural…
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Credicorp acquired Banco Compartir, a Colombian microfinance institution, providing an exit to Accion. (Press Release) Global nonprofit Accion announced today its successful exit from Banco Compartir (“Bancompartir”), one of Colombia’s…
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Private Equity firm Denham Capital, through its international power fund, committed US$250m to Ceiba Energy, which is an owner, developer and operator of renewable energy and natural gas assets in…
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Kue Capital, through its IDK Capital Fund, closed the acquisition of the tugboat subsidiary of Grupo TMM in Manzanillo Mexico. This is the first investment from the IDK Capital Fund.…
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Brazilian food production company Alnutry Alimentos a portfolio company of Brazilian private equity firm Stratus Group, completed the acquisition of competitor Hikari Indústria e Comércio. Financial details of the transaction…
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Solistica, FEMSA’s logistics subsidiary, acquired AGV, a value-added warehousing and distribution company in Brazil. (Press Release) Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today that…
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Victoria Capital Partners and the International Finance Corporation (IFC) exited publicly listed student loan provider Pravaler by selling their remaining shares to Itaú Unibanco. Financial terms of the transaction were…
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Patria Investimentos acquired CART (Concessionária Auto Raposo Tavares), a highway concession which controls 834km of roads in Brazil. Financial terms of the transaction were undisclosed but Patria plans to invest…
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Private Equity fund Australis Partners agreed to a follow-on investment of US$18.4m in Reve Group, which owns Colombian supermarket chain Justo & Bueno and coffee shop chain Tostao. This investment…
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Goldman Sachs will exit Brazilian telecommunications infrastructure company Cell Site Solutions (CSS) in a sale to African telecommunications conglomerate IHS Towers, which is expanding into Latin America. Financial terms of…
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Real estate credit marketplace Melhortaxa raised ~R$4.5m from the private equity arm of Goldman Sachs at a reported valuation of R$100m. This is Goldman’s third investment in Melhortaxa through Holding…
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BlackRock lists a Cerpi for US$68.8m, which will be use to invest in private capital activities and projects in Mexico. Some of the sectors are real estate, infraestructure, and natural…
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Brazilian PE firm Oria Capital completed a US$54m follow on investment in Brazilian company Zenvia Mobile Serviços Digitais, a provider of digital customer communications platforms. (WSJ) Brazilian private-equity firm Oria…
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Advent International acquired auto parts retailer Rondobras in an add-on acquisition. Rondobras will be absorbed by Fortbras, an auto parts maker Advent acquired in 2016. Financial details of the transaction…
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Private equity funds the Global Environment Fund (GEF) and Performa Investimentos will exit Tecverde Engenharia, in a sale to E2E a Chile based joint venture between Etex and Arauco. Tecverde…
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Bain Capital continued its gradual investment drawdown in Brazilian medical conglomerate Notre Dame Intermedica through a follow-on share offering. Bain Capital sold 22.8m shares in a partial exit valued at…
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Patria Investimentos exited Highline do Brasil through a sale to Digital Colony, Colony Capital’s digital infrastructure investment platform. Highline is a holding company created by Patria which controls wireless telecommunication…
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CVC Capital Partners announced the acquisition of Hermes, a Peruvian cash management and security company, for US$270m. This is CVC’s second transaction in LatAm. (Brazil Journal) Em sua segunda transação…
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IG4 Capital of Brazil has signed an agreement to purchase Graña y Montero (G&M), one of Peru’s largest infrastructure groups. (Valor Econômico) A gestora brasileira de private equity IG4 Capital,…
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Chu Kong a former partner at Actis joined XP Investimentos to aid in their launch of a R$1.25b private equity fund targeting mid-sized Brazilian companies. (Reuters) Brazilian investment firm XP…
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CPPIB took a 12.4% stake in Brazilian gym chain Smart Fit for R$1.07b. (Press Release) Canada Pension Plan Investment Board (“CPPIB”) has invested R$1,071 million (C$340 million) for a 12.4%…
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Nexxus Capital, through its portfolio company Taco Holding, announced the closed divestment of Krispy Kreme Mexico, which was acquired by Krispy Kreme Doughnut Corporation, the global owner of the brand.…
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Patria Investimentos has signed an agreement to sell its portfolio company Argo Energia to Energía Bogotá of Colombia and Rede Eléctrica of Spain for R$3.5b. The transaction has been submitted…
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Canada Pension Plan Investment Board (“CPPIB”) and Ontario Teachers’ Pension Plan will acquire a 40% stake in Impulsora del Desarrollo y el Empleo en América Latina, S.A.B. de C.V. (…
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Peruvian fund manager W Capital SAFI invested in Vitamina Chile a holding company with a network of pre-school and daycare centers across Chile. W Capital SAFI manages a private capital…
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PanJam Investment Limited and Portland Private Equity have signed an agreement to acquire a 15% growth stake in itelbpo a Jamaican business processing outsourcer. Financial terms of the agreement were…
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L Catterton completed a strategic investment into dental company OdontoCompany, which is a leading and growth oriented dental clinic franchisor in Brazil. Financial terms of the transaction were undisclosed. (Press…
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Redwood Ventures led an undisclosed seed investment in Genius Foods, a Mexican foodtech focused on extending the shelf life of food products. (Amexcap) Redwood Ventures lideró la ronda semilla de…
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banco BV (formerly Banco Votorantim) led a R$25m investment in Olivia, a California-based personal finance app, to fund expansion into Brazil. Olivia was founded by Brazilians Cristiano Oliveira and Lucas…
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DUX Capital led a follow-on investment in Atexto, a Mexican developer of chatbot technology for customer service applications, with participation from Redwood Ventures, Avalancha Ventures MC Capital, and others. (Press…
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ABseed and Order invested R$10m in Leads2b, a Brazilian client prospecting SaaS platform. Grupo Bonin invested previously. (Neofeed) A Leads2b, startup de Curitiba responsável por uma plataforma de prospecção de…
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Grupo Proeza launched Proeza Ventures, a US$50m corporate venture capital vehicle focused on mobility investments. (Press Release) Monterrey, Mexico – Proeza Ventures, a Houston, Texas and Monterrey-based venture capital firm,…
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Astella Investimentos led a R$20m investment in Kenoby, a Brazilian SaaS platform for employee recruitment. (Contxto) Kenoby, the Brazilian HR startup can kick its recruitment technology into high gear as…
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SP Ventures led a US$23m Series B in Agrofy, an Argentine marketplace for agricultural supplies, with participation from Fall Line Capital and ACRE Capital, and follow-on from Cygnus Capital. Agrofy…
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Mexican fintech Resuelve Tu Deuda raised MX$93m (~US$5m) from DILA Capital and an additional MX360m (~US$19m) in debt financing from Alloy Merchant Finance. (El Universal) El desarrollo de empresas financieras…
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Dila Capital led an undisclosed investment in Someone Somewhere, a marketplace for Mexican artisanal goods, with participation from PSM, GBM Ventures, Soldiers Field Angels, Unreasonable Capila and Kalei Ventures. (Investing.com)…
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PE firm Kinea and Grupo A, a provider of educational materials, acquired a 51% stake in Saber en Rede, an edtech marketplace that connects students with grad school vacancies via…
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Andreessen Horowitz and Vulcan Capital led a US$175m Series C in Brazilian proptech Loft, with participation from Valor Capital and follow-on from monashees, Fifth Wall Ventures, QED Investors, Thrive Capital.…
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Uruguay-based biotech Eolo Pharma raised a US$2.7m Series A from CITES and a group of international investors to fund preclinical trials for an obesity treatment. Eolo Pharma is run by…
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Cedro Capital led a R$4.5m investment in Brazilian fintech Nucont, with participation from FC Capital and others. (Contxto) Bookkeepers at Brazilian fintech, Nucont, will be adding R$4.5 million (about US$1.1…
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Tencent and Fondo Pitanga made a follow-on US$50m investment in Argentine spacetech Satellogic, with participation from IDB Lab. Tencent and Pitanga led a US$27m Series B in 2017. (Clarín) La…
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Lightcone Investments, Genesis Capital Ventures, and KFVC participated in an undisclosed bridge round in EmpleosTI, a Mexico-based tech jobs platform. (Contxto) Mexican startup EmpleosTI for human resources (HR) recently wrapped…
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Qualcomm Ventures and BNDES launched a R$160m fund to invest in IoT projects in Brazil. Qualcomm and BNDES will contribute R$80m. (Baguete) A Qualcomm Ventures, braço de investimentos da gigante…
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Colombian fintech Finsocial raised US$125m in debt financing from Morgan Stanley to expand its lending capacity. (La Republica) Con esta operación, la compañía financiera nacional espera aumentar su cartera de…
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Bayonet, a Mexican fraud detection startup, raised US$500k from Avalancha Ventures, Soldiers Field Angels, and 0BS, as well as Mercadotencia, Ideas y Tecnología, and unnanmed angels. (Contxto) Mexican fraud-prevention startup,…
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Astella Investimentos led an undisclosed investment in Dr. Jones, a Brazilian direct to consumer brand for men’s beauty products, with participation from IgniteXL. (Brazil Journal) A Dr. Jones — marca…
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Brazilian healthtech Ânimo Wellness raised a US$300k pre-seed round from Barrah Investimentos (B1), IndicatorCapital, Wharton Angels, Fundação Estudar Alumni Partners, Lupa Capital, and angels including Sergio Furio (Creditas), Guilherme Bonifacio…
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Global Founders Capital made a R$4m investment in Oriba, a Brazilian direct-to-consumer menswear brand. This is the company’s first known institutional capital. (Segs) Marca de moda básica masculina paulistana é…
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Confrapar invested R$20m in Zetra/SalaryFits, a Brazilian fintech providing payroll advances. (Startupi) A Zetra, fintech que tem o objetivo de promover o bem-estar financeiro de milhões de trabalhadores, amplia expansão…
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DILA Capital led a US$10m investment in Incode, a San Francisco-based biometric identity platform with offices in Latin America. (Press Release) DILA Capital, a Mexico City based early-stage venture capital…
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Redpoint eventures made an undisclosed investment in Nobli, a Brazilian personal credit platform. (Valor Econômico) A Nobli, fintech de crédito pessoal que fará operações garantidas pela carteira de investimento do…
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Brazilian VC firm Canary held a US$75m close for its second fund. (Money Times) A gestora brasileira de capital de risco Canary concluiu uma captação de 75 milhões de dólares,…
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Brazilian proptech Loft raised a R$216m Fundo de Investimento Imobiliário (FII) fund to finance the purchase of ~1,200 properties over the next two years. The fund was distributed by Credit…
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Cyrela and CPPIB’s joint venture bought two towers in the JK Iguatemi Complex in São Paulo for R$1.05b. One of the towers is the headquarters of Amazon Brazil. (Brazil Journal)…
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Chilean-Colombian financial firm Avante Financial Group acquired two retirement facilities in Santiago, from Ambar Residence Group for ~US$35.5m. (Press Release) Avante Financial Group, a Chilean-Colombian private equity firm, on the…
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Mexican industrial real estate developer Finsa plans to launch its third CKD on the Mexican stock exchange next year hoping to raise MXN$10b. (El Economista) La desarrolladora inmobiliaria anunció ayer…
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Walton Street Capital investment fund and Fibra Uno acquired a portfolio of 74 industrial buildings for US$841m developed by Finsa in Mexico. (El Financiero) Fibra Uno concretó la compra inmobiliaria…
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Canada Pension Plan Investment Board (CPPIB) and Cyrela Brazil Realty will create a joint venture to invest R$1b to develop a portfolio of residential properties in the southeast region of…
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CDPQ’s Brazilian affiliate Ancar Ivanhoe sold a 45% stake in Natal Shopping, a shopping mall in Natal to a real estate fund controlled by XP Investimentos. Ancar Invanhoe will retain…
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BR Properties agrees to purchase 50% stake of Faria Lima 4440 building in São Paulo for R$310.7m. BR also announced the purchase of Parque da Cidade Condominium project for R$766m.…
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BR Properties acquired two multiuse condominium properties still under development from Hemisferio Sul Investimentos. The transaction transferred a 100% stake in Corporate Tower B2 – Paineira and a 30% stake…
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US Fund manager Global Asset Capital acquired a minority stake in Brazilian real estate developer Árbore Engenharia. Financial terms of the deal were undisclosed. (LexLatin) La compañía de capital privado…
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Vinci Shopping Centers Real Estate Investment Fund administered by Vinci Partners acquired a 100% stake in shopping mall Prudenshopping in São Paulo for R$199.7m. (N Plus) Em um comunicado de…
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Patria Investimentos has announced the acquisition of commercial buildings Vila Olimpia Corporate Building through FII, Its Real Estate Investment Fund. (Investimentos e Notícias) A Modal Distribuidora de Títulos e Valores…
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Blackstone sold BRE Point, two Brazilian logistics and industrial properties located in the state of São Paulo, to CSHG Logística, a Brazilian fund managed by Credit Suisse Hedging-Griffo Corretora de…
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Mexican industrial real estate firm Advance Real Estate has received US$314m from MetLife for the acquisition and recapitalization of a Mexican industrial portfolio. The newly acquired portfolio comprises 57 Class…
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Brazil Hospitality Group (BHG) signed an agreement to acquire a 76% stake in Novotel São Paulo Berrin. The Hotel opened in August 2018 and offers 209 rooms. Financial terms of…
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Tishman Speyer announced that mining company Vale will anchor the firm’s recently-completed Concórdia Corporate office property in Belo Horizonte, Brazil. Vale has signed a lease for approximately 175,000 square feet…
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Jamaican real estate and private equity firm First Rock Capital executed a US$3m deal in the Cayman Islands for a luxury residential development in the West Bay area. (Jamaica Observer)…
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BR Malls acquired an additional 25.5% stake in Shopping Iguatemi Caxias do Sul, a shopping mall in Rio Grande do Sul. BR Malls now has a 71% stake in the…
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BR Malls, Brazil’s largest mall operator, has signed an agreement to sell seven of its malls to a real estate fund controlled by BTG Pactual for US$184m. (Yahoo Finance) BR…
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Abu Dhabi Investment Authority (ADIA)’s real estate team stated that it will continue to seek out opportunities in Latin America. Middle Eastern sovereign wealth funds continue expanding real estate portfolios…
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Real Estate investor Paladin Realty Partners is preparing to list a CERPI for MXN$4b on the BMV. The proceeds will be invested in housing projects, offices, hospitals, and shopping centers…
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Colombian private equity real estate firm Yellowstone Capital Partners has reached a hard cap of US$300m for Yellowstone Real Estate Opportunity Fund II, securing commitments from pension funds, insurance companies,…
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Gran Ciudad closed a Real Estate Fund of US$313m with commitments from Ivanhoé Cambridge the real estate investment arm of Canadian Pension Fund CDPQ and from Citibanamex Afore, the second…
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Brazilian real estate investment firm Hemisfério Sul Investimentos (HSI) purchased the entire portfolio of the Icon Realty I Real Estate Investment Fund administered by BTG Pactual. HSI paid R$620m for…
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US Real Estate firm Cerberus Capital Management has entered the Brazilian market through a partnership with local real estate manager Brasil Brokers. Brasil Brokers issued R$120m of debentures of which…