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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EB Capital completed the sale of its stake in Brazil-based office supplies company BR Supply to its founder Cesar Folle. The fund invested in Br Supply in November 2017. (Valor…
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DHS Private Equity Trust has acquired Mexican glass and beverage producer Grupo VITRO for US$1.2b. (Press Release) DHS, a firm transforming how equity and joint ventures are handled and created…
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Australis Partners has acquired a majority stake in Mexican multiline insurance company Sekura for an undisclosed amount. As part of the transaction, Arpa Capital and non-executive shareholders exited from the…
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Appian Capital has closed its second fund (“Fund II”) for US$775m. The vehicle will be focusing on investments in metals and mining, targeting assets in jurisdictions with proven geology, supportive…
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Credito Real, Promecap, and Credit Suisse have acquired loan portfolio of Mexico-based retail and savings bank chain Famsa. The portfolio is made up of payroll loans, one of the main…
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Andes Plus Fund I has received US$20m in commitments from undisclosed Family Offices and a Dutch DFI. The fund will focus on SMEs that work on artisanal manufacturing in Colombia…
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IDB Invest has committed US$20m to HMC Andean Private Debt Investment Fund, stablished under Chilean law and administered by HMC SA AGF, a subsidiary of HMC SA (HMC), which is…
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SoftBank Group and Dynamo led a US$190m Series E round in MadeiraMadeira, a Brazilian home goods e-commerce startup, with participation from VELT Partners, Brasil Capital, and Brazilian family office Lakewood…
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Rockville Capital has launched a US$147m Rockville Solar Energy I fund and has acquired Catemu SpA Solar Plant. (Press Release) Rockville Capital agreed with institutional and qualified investors, the creation…
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Oria Capital invested R$40m in Knewin, a Brazilian news and social media analytics platform. Knewin previously raised R16.5m from KPTL and Invisto. (Press Release) Focada em investimentos B2B Tech, a…
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QED Investors led a US$17.5m Series A in Betterfly (formerly Burn to Give), a Chilean certified B-Corp insurtech providing life insurance to SMEs and incentivizing policyholder’s wellbeing with subsidized coverage.…
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San Francisco-based VC Amplify Partners led a US$8.5m Series A in RunwayML, a deep learning media production platform for creatives, with participation from Lux Capital, and Compound Ventures. RunwayML is…
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Australis Partners has acquired 80% of stake in Chile-based vitro diagnostic company Galénica. Financial terms of the transaction were not disclosed. (Press Release) Australis Partners Fund L.P. (“Australis Partners”) has…
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IDB Invest, Swiss healthcare investment fund HBM Healthcare, and NY-based hedge fund Morgan Rio Capital Management invested US$18m in Farmalisto, a Colombian online pharmacy with operations in Colombia, Mexico, and…
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Linzor Capital Partners has acquired a majority stake in Uno Salud Dental, a Chilean dental care and aesthetic company. The amount of the transaction was undisclosed. (Press Release) Linzor Capital…
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H.I.G. Capital invested an undisclosed amount in KM2 Solutions, business process outsourcing provider in Latin America and the Caribbean. The growth capital will support the company’s expansion into high-growth markets…
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SP Ventures announced a R$130m second close for AgVentures II, with a R$40m commitment from French animal nutrition company Adisseo and US phosphate mining company Mosaic. SP Ventures reached a US$17.2m…
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Darwin Capital, angels Marcelo Sampaio (Hasdex) and Roberto Nishikawa (Itau Unibanco), and others invested R$12m in Linker, a Brazilian neobank for SMEs. (NeoFeed) – Original, C6 e Inter foram alguns dos nomes que ocuparam…
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monashees led a R$30m round in Nomad, a Brazilian fintech offering US checking accounts for Brazilian residents. Nomad is founded by Patrick Sigrist (iFood) and Marcos Nader (DocuSign). (Valor Econômico)…
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Microsoft’s Women Entrepreneurship Ventures (WE Ventures) announced a R$5m commitment from Brazilian insurance holding company Porto Seguro. WE Ventures is Microsoft’s R$50m fund led by Chief Investment Officer Marcella Ceva…
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CADE Approves Acquisition of Aqua Capital-backed Fertiláqua by ICL Brasil for US$120m (em português)
CADE has approved acquisition of Aqua Capital-backed Fertiláqua, a Brazilian plant nutrition firm, by ICL Brasil for US$120m. (Valor Econômico) A Superintendência-Geral do Conselho Administrativo de Defesa Econômica (Cade) aprovou…
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Mountain Nazca led a US$17.5m Series A in Crehana, a Peruvian edtech, with participation from Endeavor Catalyst, the IFC, and Salesforce Ventures, bringing the company’s total round of funding to…
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Impact investment fund LGT Lightstone led a US$255m Series E in Brazilian fintech Creditas, with participation from Tarsadia Capital, e.ventures, Wellington Management, and Advent International affiliate Sunley House Capital, and…
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XP Private Equity fund, managed by XP Asset, has acquired a stake in Brazil-based insurance company Pottencial Seguradora for R$275m (approximately US$53m). (CQCS) A Pottencial Seguradora anuncia, em comunicado ao…
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Lavoro, the agricultural arm of Pátria Investimentos, has acquired a majority stake in agribusiness distribution company Desempar for an undisclosed amount. (Valor Econômico) O grupo paranaense Desempar, dono de quatro…
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EB Capital completed the sale of its stake in Brazil-based office supplies company BR Supply to its founder Cesar Folle. The fund invested in Br Supply in November 2017. (Valor…
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DHS Private Equity Trust has acquired Mexican glass and beverage producer Grupo VITRO for US$1.2b. (Press Release) DHS, a firm transforming how equity and joint ventures are handled and created…
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Australis Partners has acquired a majority stake in Mexican multiline insurance company Sekura for an undisclosed amount. As part of the transaction, Arpa Capital and non-executive shareholders exited from the…
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Credito Real, Promecap, and Credit Suisse have acquired loan portfolio of Mexico-based retail and savings bank chain Famsa. The portfolio is made up of payroll loans, one of the main…
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Andes Plus Fund I has received US$20m in commitments from undisclosed Family Offices and a Dutch DFI. The fund will focus on SMEs that work on artisanal manufacturing in Colombia…
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IDB Invest has committed US$20m to HMC Andean Private Debt Investment Fund, stablished under Chilean law and administered by HMC SA AGF, a subsidiary of HMC SA (HMC), which is…
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Australis Partners has acquired 80% of stake in Chile-based vitro diagnostic company Galénica. Financial terms of the transaction were not disclosed. (Press Release) Australis Partners Fund L.P. (“Australis Partners”) has…
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Linzor Capital Partners has acquired a majority stake in Uno Salud Dental, a Chilean dental care and aesthetic company. The amount of the transaction was undisclosed. (Press Release) Linzor Capital…
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H.I.G. Capital invested an undisclosed amount in KM2 Solutions, business process outsourcing provider in Latin America and the Caribbean. The growth capital will support the company’s expansion into high-growth markets…
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CADE Approves Acquisition of Aqua Capital-backed Fertiláqua by ICL Brasil for US$120m (em português)
CADE has approved acquisition of Aqua Capital-backed Fertiláqua, a Brazilian plant nutrition firm, by ICL Brasil for US$120m. (Valor Econômico) A Superintendência-Geral do Conselho Administrativo de Defesa Econômica (Cade) aprovou…
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XP Private Equity fund, managed by XP Asset, has acquired a stake in Brazil-based insurance company Pottencial Seguradora for R$275m (approximately US$53m). (CQCS) A Pottencial Seguradora anuncia, em comunicado ao…
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Lavoro, the agricultural arm of Pátria Investimentos, has acquired a majority stake in agribusiness distribution company Desempar for an undisclosed amount. (Valor Econômico) O grupo paranaense Desempar, dono de quatro…
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TC Latin America Partners has launched TC Credit Partners, an investment platform that will provide credit solutions to SMEs across Latin America, Africa, Eastern Europe, and Asia. (Press Release) TC…
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The Carlyle Group and GIC have sold a small portion of their combined stake in Brazil-based hospital network Rede D’Or, reducing it from 37.8% to 34%, via the company’s R$11.4b…
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Perú-based investment firm Colca Capital, backed by Relay Investments, has completed the acquisition of Polysistemas, a Perú-based record and information management solutions company. (Press Release) Colca Capital, a Lima-based investment…
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Mexican private equity firm PC Capital and Mexican private credit fund Altum Capital invested in Medios Cattri, a Mexico-based digital advertising company. The amount of the transaction was undisclosed. (Press…
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Emerald Peak Private Equity appointed Lauren Burnhill as a Managing Partner and launched its US$150m flagship America Impact Fund I, targeting opportunities in sectors that can best impact specific United…
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Bain Capital plans to sell 54 million shares in Brazilian medical conglomerate Notre Dame Intermedica for around R$3.75b in a follow-on offering. (Trade Map) A NotreDame Intermédica comunicou ontem à…
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Kinea, the alternative asset management subsidiary of Brazil-based financial services group Itaú, acquired a minority stake in Brazilian security, maintenance, and facilities management company Verzani & Sandrini, for R$150m. (Clipping…
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Chilean private equity and asset management group Toesca has closed on US$310m for Toesca Deuda Privada DIP LATAM Fund, aimed to financing the restructuring of Chile-based regional carrier LATAM Airlines.…
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Crescera Capital and Vulcan Capital have acquired a minority stake in a Brazil-based fintech Nelogica for R$550m (approximately US$103m) at a reported valuation of R$2.9b (approximately US$542m). (Baguete) A Nelogica,…
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XP Private Equity has acquired a minority stake in Brazil-based digital skincare and make-up brand Beyoung for R$140m (approximately US$26m). (Brazil Journal) O fundo de private equity da XP está…
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Titan Venture Capital, a private equity vehicle of Brazilian investment fund Piemonte Holding, acquired Brazil-based data center telecom unit Oi, for R$325m. Oi plans to use the sale proceeds to…
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L Catterton exited Cholula, a Mexico-based hot sauce producer and distributor, through a US$800m sale to McCormick & Company. The transaction is subject to approval. L Catterton acquired the company…
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H.I.G. Capital has acquired Brazil-based internet service provider Desktop Sigmanet for an undisclosed amount. (Press Release) H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $42 billion of equity…
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SoftBank Group and Dynamo led a US$190m Series E round in MadeiraMadeira, a Brazilian home goods e-commerce startup, with participation from VELT Partners, Brasil Capital, and Brazilian family office Lakewood…
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Oria Capital invested R$40m in Knewin, a Brazilian news and social media analytics platform. Knewin previously raised R16.5m from KPTL and Invisto. (Press Release) Focada em investimentos B2B Tech, a…
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QED Investors led a US$17.5m Series A in Betterfly (formerly Burn to Give), a Chilean certified B-Corp insurtech providing life insurance to SMEs and incentivizing policyholder’s wellbeing with subsidized coverage.…
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San Francisco-based VC Amplify Partners led a US$8.5m Series A in RunwayML, a deep learning media production platform for creatives, with participation from Lux Capital, and Compound Ventures. RunwayML is…
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IDB Invest, Swiss healthcare investment fund HBM Healthcare, and NY-based hedge fund Morgan Rio Capital Management invested US$18m in Farmalisto, a Colombian online pharmacy with operations in Colombia, Mexico, and…
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SP Ventures announced a R$130m second close for AgVentures II, with a R$40m commitment from French animal nutrition company Adisseo and US phosphate mining company Mosaic. SP Ventures reached a US$17.2m…
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Darwin Capital, angels Marcelo Sampaio (Hasdex) and Roberto Nishikawa (Itau Unibanco), and others invested R$12m in Linker, a Brazilian neobank for SMEs. (NeoFeed) – Original, C6 e Inter foram alguns dos nomes que ocuparam…
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monashees led a R$30m round in Nomad, a Brazilian fintech offering US checking accounts for Brazilian residents. Nomad is founded by Patrick Sigrist (iFood) and Marcos Nader (DocuSign). (Valor Econômico)…
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Microsoft’s Women Entrepreneurship Ventures (WE Ventures) announced a R$5m commitment from Brazilian insurance holding company Porto Seguro. WE Ventures is Microsoft’s R$50m fund led by Chief Investment Officer Marcella Ceva…
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Mountain Nazca led a US$17.5m Series A in Crehana, a Peruvian edtech, with participation from Endeavor Catalyst, the IFC, and Salesforce Ventures, bringing the company’s total round of funding to…
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Impact investment fund LGT Lightstone led a US$255m Series E in Brazilian fintech Creditas, with participation from Tarsadia Capital, e.ventures, Wellington Management, and Advent International affiliate Sunley House Capital, and…
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Israel-based VC Hetz Ventures led a US$3.55m round in Mozper, a Mexico-based financial education platform for children, with participation from F-Prime Capital, Foundation Capital, and Secocha Ventures, and follow-on from…
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Jaguar Ventures, Investo, and Liquid2 Ventures invested US$2.3m in Justo, a Chilean e-commerce sales management platform. (Startups Chilenas) – Justo, el mejor partner digital que los restaurantes y comercios pueden…
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KaszeK Ventures and QED Investors led a US$62m Series B in Bitso, a Mexican crypto exchange, with follow-on from Coinbase Ventures and Pantera Capital. Ripple made an undisclosed investment in…
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Valor Capital Group led a US$2.2m round in Dolado, a Brazilian inventory and digital sales management platform for SMEs in city peripheries, with participation from Global Founders Capital, Norte Capital,…
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Temasek invested US$20m in Conductor, a Brazilian payments processor and card issuance provider for fintechs, bringing the company’s latest round of funding to US$170m after Viking Global Investors led a…
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IDB Invest and Blue Like an Orange invested US$50m in mezzanine financing in Selina, a Panamanian travel hospitality network with community vacation properties across Central America. IDB Invest will contribute…
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Flourish Ventures, Mountain Nazca, Valar Ventures, and Greyhound Capital invested US$45m in Mexico-based digital bank albo. (TechCrunch) With nearly half a million customers across Mexico already and a network of…
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Volpe Capital, a VC fund founded by former SoftBank Managing Partner Andre Maciel, reached a US$50m first close with BTG Pactual as a second anchor investor. Volpe Capital plans to invest…
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Blockchange Ventures and UK-based VC Pomp led a US$5.25m round in Valiu, a Colombian fintech focused on remittances and dollar-based accounts for international transfers in Colombia and Venezuela, with participation…
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Riverwood Capital invested US$32m in Intelipost, a Brazilian freight management startup for omnichannel ecommerce deliveries. Intelipost also acquired AgileProcess, a Brazilian routing optimization platform. (Press Release) – Intelipost, Brazil’s leading e-commerce…
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Trocafone, a Brazilian resale marketplace for electronics, raised R$30m from Bulb Capital and existing investors Barn Investments and Wayra. (Baguete) – A Trocafone, startup especializada na compra e venda de…
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Accion Venture Lab, Emles Venture Partners, and Noveus VC invested US$1.5m in Henry, an Argentine on-demand coding program enabling students to cover their tuition costs through an Income Share Agreement…
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Mountain Nazca and Spain-based VC Alma Mundi Ventures led a US$3m round in Asistensi, a Spanish healthtech providing insurance and telemedicine services to families of migrant workers staying in their…
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Mountain Nazca led a US$1.7m round in Heru, a Mexican personal finance and fiscal management platform for independent workers, with participation from Flourish Ventures, Magma Partners, YC, and Xtraordinary Venture…
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Appian Capital has closed its second fund (“Fund II”) for US$775m. The vehicle will be focusing on investments in metals and mining, targeting assets in jurisdictions with proven geology, supportive…
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Rockville Capital has launched a US$147m Rockville Solar Energy I fund and has acquired Catemu SpA Solar Plant. (Press Release) Rockville Capital agreed with institutional and qualified investors, the creation…
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Banco Centroamericano de Integracion Economica (BCIE) will invest up to US$50m in Fondo de Capital Privado de Infraestructura para el Desarrollo de Centroamerica (KorBCIE). The vehicle will focus on infraestructure…
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SURA Investment Management and Credicorp Capital Asset Management, together called Unión para la Infraestructura S.A.C (UPI), launched a second infrastructure debt fund with a COP$1.5-2t (approximately US$574m) target. (Press Release)…
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Digital Colony-backed Highline do Brasil has agreed to acquire Phoenix Tower do Brasil, a Brazil-based telecommunications infrastructure provider, from Blackstone. Equity financing for the transaction was provided by Digital Colony.…
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China’s State Power Investment Corp., through its Hong Kong-based unit China Power International Holding Limited, has acquired Mexico-based renewable energy company Zuma Energía from Actis for an undisclosed amount. (Bloomberg…
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Pátria Investimentos has announced the launch of Winity, a telecom wireless infrastructure company, and via Pátria Infraestrutura IV Fund, will invest R$3b. (Baguete) A Pátria Investimentos, especializada em gestão de…
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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) park 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…