Industry News

Atlas Renewable Energy entered into three share purchase agreements for the acquisition of four photovoltaic projects in Mexico from Sun Power Corp. , while its subsidiary,Atlas Renewable Energy Mexico, S. de RL de CV obtained financing from Bancomext.

EIG Manabi Holdings acquired shares of Canadian investment management firm Classroom Investments Inc. in the Brazilian company MLog SA for an undisclosed amount.

2B Capital SA agreed to acquire 34.8% of the shares of the hematology service provider and clinical laboratory Hemoterapia Brasil SA (H. Hemo), for an amount not disclosed. 

Jaguar Growth Partners announced the appointment of Jonathan (Jon) Lulu as Chief Capital Officer and a member of the Jaguar Investment Committee.

Imeri Capital acquired a minority stake of a network of dental clinics and prosthetics laboratories owned by the Saudalys Group. The fund has now a quarter of the company, valued at R$100m.

Brazil’s Magazine Luiza launches new PE fund headed by JP Morgan Vet Patricia Moraes and  will invest wealth from  controlling shareholders. Moraes will seek out minority stakes in Brazilian middle-sized companies valued at as much as 1.5 billion reais ($362 million).

Hospital Care – a hospital network controlled by Bozano Investimentos and Abaporu closed the acquisition of Baia Sul Hospital and Clínica Image, in Florianópolis (SC ).

BlackRock México Infraestructura III raised a $MXN500m Cerpi in the Mexican Stock Exchange (BMV). The vehicle will invest in energy projects, transportation, water, and social infrastructure such as hospitals in Mexico, Chile, Colombia, and Peru.

Linzor Capital’s Komax reached an agreement with Wave Park SpA to acquire Stoked, a brand of clothing and equipment for water sports.

Brazil’s antitrust authority CADE has approved without restrictions, the acquisition of 50% of social capital of Esperanza Transmissora de Energia (Esperanza) by Brasil Energia Fundo de Investimento em Participações Multiestratégia (FIP Brasil Energia).

H.I.G. Capital announced that one of its affiliates has completed a strategic investment in Clínica AMO, an independent oncology clinic in Brazil. 

Actis will build 197MW wind projects in the northeastern Brazilian region, Serra Branca in Rico Grande do Norte state.  The acquisition was made through Actis’ Brazilian subsidiary Echoenergia for an undisclosed amount.

Ashmore Group, acquired a majority stake in Avenida Capital, a Latin America-based private equity real estate investment firm. The acquisition aligns with Ashmore’s strategy to expand its alternative investment product offering in key emerging markets, and further strengthens its footprint in Latin America.

Atlas Renewable Energy entered into three share purchase agreements for the acquisition of four photovoltaic projects in Mexico from Sun Power Corp. , while its subsidiary,Atlas Renewable Energy Mexico, S. de RL de CV obtained financing from Bancomext.

EIG Manabi Holdings acquired shares of Canadian investment management firm Classroom Investments Inc. in the Brazilian company MLog SA for an undisclosed amount.

2B Capital SA agreed to acquire 34.8% of the shares of the hematology service provider and clinical laboratory Hemoterapia Brasil SA (H. Hemo), for an amount not disclosed. 

Imeri Capital acquired a minority stake of a network of dental clinics and prosthetics laboratories owned by the Saudalys Group. The fund has now a quarter of the company, valued at R$100m.

Brazil’s Magazine Luiza launches new PE fund headed by JP Morgan Vet Patricia Moraes and  will invest wealth from  controlling shareholders. Moraes will seek out minority stakes in Brazilian middle-sized companies valued at as much as 1.5 billion reais ($362 million).

Hospital Care – a hospital network controlled by Bozano Investimentos and Abaporu closed the acquisition of Baia Sul Hospital and Clínica Image, in Florianópolis (SC ).

BlackRock México Infraestructura III raised a $MXN500m Cerpi in the Mexican Stock Exchange (BMV). The vehicle will invest in energy projects, transportation, water, and social infrastructure such as hospitals in Mexico, Chile, Colombia, and Peru.

Linzor Capital’s Komax reached an agreement with Wave Park SpA to acquire Stoked, a brand of clothing and equipment for water sports.

Brazil’s antitrust authority CADE has approved without restrictions, the acquisition of 50% of social capital of Esperanza Transmissora de Energia (Esperanza) by Brasil Energia Fundo de Investimento em Participações Multiestratégia (FIP Brasil Energia).

H.I.G. Capital announced that one of its affiliates has completed a strategic investment in Clínica AMO, an independent oncology clinic in Brazil. 

Actis will build 197MW wind projects in the northeastern Brazilian region, Serra Branca in Rico Grande do Norte state.  The acquisition was made through Actis’ Brazilian subsidiary Echoenergia for an undisclosed amount.

Ashmore Group, acquired a majority stake in Avenida Capital, a Latin America-based private equity real estate investment firm. The acquisition aligns with Ashmore’s strategy to expand its alternative investment product offering in key emerging markets, and further strengthens its footprint in Latin America.

CADE approved Pátria Infra FIP’s  (managed by Pátria Infraestrutura and Shell Brasil) purchase of a stake in Marlim Azul Energia, the thermoelectric plant in Rio de Janeiro.

Thor Urbana acquired the Marina Town Center mall, within the Puerto Cancun mixed-use mega-project, in Cancún, Quintana Roo

Vinci Partners acquired 70% of the Cura diagnostic medicine network in São Paulo. The Cura laboratory network is the second investment of Vinci fund III.

Australis Partners agreed to invest an undisclosed amount in the Reve Group, a Colombian retailer in the discount grocery sector and consumer food service business which operates under its flagship banners “Justo y Bueno” and “Tostao”.

EMX will sell its entire holding in portfolio company Autotransportes El Bisonte S.A. de C.V to publicly traded Grupo Traxion S.A.B. de C.V.

Inmobilia, the first Yucatecan company that raises capital in the Mexican Stock Exchange, plans to develop between 10 to 12 real estate projects with the resources raised with a CKD.

Macquarie Infrastructure and Real Assets (MIRA) agreed to acquire 90% of a 322 megawatts (MW) solar power generation portfolio in northern Mexico.  The remaining 10% of the portfolio will be owned by Eosol Invest Mexico Uno, SL (EOSOL), developer and operator of renewable energy with significant experience in the solar sector in Mexico.

Alternative investment management firm Starboard Restructuring Partners is set to acquire a 72.5% stake in Brazilian retail holding group Máquina de Vendas. 

Alloy Merchant Finance made a US$6.5m mezzanine investment in Grupo Centra Empresarial (GCE). 

SGGC Participações acquired 100% of SerraSul Shopping of Pouso Alegre for an undisclosed amount. The project was inaugurated in 2013 and belonged to Hemisfério Sul Investimentos (HSI).  (Fusões & Aquisições) O SerraSul…

Mexican real estate group Be Grand listed its debut CKD vehicle for up to MXN4 billion on the Mexican Stock Exchange (BMV). Be Grand plans to use the capital raised to develop residential projects in Mexico. Institutional investors that made capital commitments to this CKD vehicle include Afores XXI Banorte and Citibanamex, Singaporean sovereign wealth fund Temasek, and insurance firm Seguros MetLife.

Alba Capital Partners acquired controlling interests in Argentinean telecommunications companies Sidaco and A1T. Additionally, the firm announced a US$30m investment program to deploy 400 telecommunications towers in Argentina.

Riverwood Capital is targeting US$1.25b in capital commitments for its third flagship fund. As part this fundraising effort, the firm will also create a separate US$250m sidecar fund focused on investments in Latin America.

Jaguar Growth Partners announced the appointment of Jonathan (Jon) Lulu as Chief Capital Officer and a member of the Jaguar Investment Committee.

The real estate investment fund Administradora CKDELTA raised about $MXN 471 million pesos with the initial issuance of its first CKD in the BMV to make investments in real estate projects in Mexico. The total amount of the $MXN CKD is 2,357.7 million pesos.

After a $ 420,000 million capitalization of the Fondo Inmobiliario Colombia, the Canadian pension fund, PSP Investments has a 34% stake.  Other participants include Bancolombia,  with a 51% stake, and Suramericana de Seguros, the other corporate partner, with a  14%.

The Chilean government announced it will extend the limit of property values in which a special VAT credit can be used to buy houses from 2,000 UF (US$85,543) to 4,000 UF (US$171,086).

Credicorp Capital and Greystar broke records in the Chilean market after raising more than US$100m for its Fondo Residencial II.

GTIS Partners announced that it will expand into infrastructure investing in Brazil. Eduardo Klepacz, formerly CEO of Cubico Brazil, one of the country’s largest renewable energy generators, will lead GTIS’ new team based in Sao Paulo.

ALIGNMEX Capital is planning to issue a second CKD vehicle in less than 14 months through the Mexican Stock Exchange (BMV). The vehicle will seek to raise up to MXN$3 billion, and will invest in its BosqueReal real estate project, which is located in Huixquilucan, Mexico.

Grupo Pegasus will inject US$35m to build the first headquarters of El Viajero Hostels in Bogota, Medellin, and Buritaca, Colombia. 

Logistics-focused global real estate investor Prologis targets new projects in Brazil.

Némesis Capital plans to raise up to MXN1.4b via a CKD for three real estate projects including mixed-use and housing in Mexico.

The Overseas Private Investment Corporation (OPIC) has committed up to US$50m to Avenida Capital’s Colombia Real Estate Fund II (CREF II) to support the development of low and middle-income housing and sustainable commercial and mixed-use projects in urban parts of Colombia.

Paladin Realty, LLC, announced that it has hired Alvaro Rodriguez to join its Mexico City office as an Investment Manager. The LatAm focused fund manager says that Rodriguez will focus on the acquisition and management of the firm’s property investments in Mexico.

Mexican real estate firm Grupo Sordo Madaleno plans to list a MXN$7.5 billion CERPI (Certificado de Proyectos de Inversión) on Mexico’s Stock Exchange (BMV) to invest in office, retail, hospitality, industrial, residential, and mixed-use projects.

Real estate developer and fund manager Grupo IGS is set to purchase a Mexican industrial portfolio dubbed Frontera, which consists of 37 warehouses located across the Mexico-U.S. border in the cities of Tijuana, Ciudad Juárez, Reynosa, and Matamoros. The purchase is subject to the approval of the Federal Economic Competition Commission (COFECE).

GuardeAqui, a company backed by Equity International and Patria Investimentos, closed its third competitor acquisition with the purchase of Brazilan self-storage operator Selfstock.

U.S. private investment firm Cerberus Capital Management is seeking to enter the Brazilian real estate market by acquiring distressed real estate backed loans, foreclosed properties, and excess inventory built by local developers.

Global private equity firm H.I.G Capital has announced the acquisition of AAA office building Parque Ana Costa with 17,997 square meters of space, located in Santos, São Paulo, Brazil.  (BUSINESS…

MREIT, a real estate development fund sponsored by Credit Suisse Mexico has obtained financing from HSBC México for more than US$350m. The funds will be used by Credit Suisse Mexico…

Trinity Investments, Walton Street Capital, and Oaktree Capital Management have announced the formation of a joint venture and acquisition of the Hilton Los Cabos Beach & Golf Resort in Mexico.…

Mexican real estate developer Amistad Global Development, through its recently listed MXN2.5bn CKD vehicle, will acquire industrial properties in Hidalgo, Jalisco, Apodaca, and Nuevo León. The firm plans to add…

Investment and real estate platform MIRA has acquired land for a new mixed-use real estate project in Querétaro, Mexico. The transaction was funded through the Certificado de Proyectos de Inversión…

Brazil’s antitrust authority CADE has approved Brookfield’s sale of a majority stake in São-Paulo-based Raposo Shopping to Jorge’s Imóveis e Administração, Grupo Rezek, Eacas Participações, and businessman Michel Michaluá Filho.…

Brazilian conglomerate Odebrecht SA has reached a preliminary agreement to sell the construction rights for three towers in São Paulo’s Parque da Cidade to private equity firm Hemisferio Sul Investimentos SA…