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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D1 Capital Partners, Founders Fund, Ribbit Capital and BOND led a USD485m Series D in Mexican car resale marketplace Kavak, at a reported USD4b valuation. SoftBank, DST Global, and Greenoaks Capital…
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Vinci Partners’ V2I Energia has acquired Brazilian wind farms Eólica Mangue Seco 3 and Mangue Seco 4 with a 52 MW capacity. (Press Release) A Petróleo Brasileiro S.A. – Petrobras,…
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Vostok Emerging Finance, Dunross & Co and Atlant Fonder made a USD7m follow-on investment in FinanZero, a Brazilian consumer credit marketplace. Atlant Fonder, Dunross & Co. and Vostok Emerging Finance…
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Ribbit Capital led a USD26.7m round for Cora, a Brazilian lending platform for SMEs, with participation from KASZEK, QED Investors and Greenoaks Capital. Cora raised an undisclosed round from its employees…
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Alkeon Capital led a USD150m round for dLocal, a Uruguay-based cross-border payment platform, with participation from BOND, D1 Capital Partners and Tiger Global, at a reported USD5b valuation. General Atlantic…
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Astella Investimentos led a BRL6.5m seed round for DeliRec, a Brazilian social platform for food recipe discovery. (Startupi) – A pandemia trouxe inúmeras mudanças, mas também ajudou a revelar prazeres…
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GP Investimentos has partially exited Brazilian sporting goods retail chain Centauro selling 10% of its stake in a block trade for BRL150m. (Brazil Journal) Um block trade envolvendo a ação…
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TCV led a BRL375m Series C for Hotmart, a Brazilian monetization platform for online courses, with participation from Alkeon Capital. GIC and General Atlantic made an undisclosed Series A investment…
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Vinci Partners has reached a BRL1b (~USD173m) final close for Vinci Impacto e Retorno IV. The vehicle will invest in medium-sized companies operating in the healthcare, education, retail, IT and…
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Mountain Nazca led a USD2.3m preseed round for Meru, a Mexican e-commerce platform connecting SMEs in Latin America with suppliers in China, with participation from Ricardo Weder (Jüsto), Roger Laughlin…
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Mercado Libre, Globant, and Riverwood Capital invested USD50m in Digital House, an Argentine platform providing technical education for developers, with follow-on from KASZEK. TPG’s The Rise Fund led a USD20m Series…
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IFC and Goldman Sachs led a BRL150m round for Open Co, a Brazilian unsecured personal credit platform formed by the merger of Brazilian fintechs Geru and Rebel earlier this year,…
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Grupo Carrefour Brazil has agreed with Advent International and Walmart to acquire food retailer Grupo BIG for EUR1.1b. The transaction is subject to approval. In 2020 Grupo BIG filed for an…
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Advent International has sold its stake in Mexico-based funeral services provider Grupo Gayosso to Servicios Funerarios GG for USD49m. Advent originally invested in Gayosso in October 2007. (Global Legal Chronicle)…
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D1 Capital led a USD425m Series D for Brazilian proptech Loft,at a reported USD2.2b valuation. (TechCrunch) – Buying and selling residential real estate is a complex business, no matter where…
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US-based growth equity fund FTV Capital led a BRL190m Series B for Vortx, a Brazilian asset custody and issuance platform for corporate trusts. Pedro Englert, Marcelo Maisonnave and Eduardo Glitz…
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Canada Pension Plan Investment Board (CPP Investments) has agreed to invest BRL1.178b for a 45% stake in water and sewage service company Iguá Saneamento, partnering with other investors including IG4…
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Patria Acquisition, a SPAC formed by Patria Investimentos targeting Latin American companies, has filed to raise up to USD250m in an IPO on the Nasdaq. (Nasdaq) Patria Acquisition, a blank…
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Infraestructura Energética Nova (IEnova) has closed the acquisition of the remaining 50% stake in Energía Sierra Juarez from Actis-backed Saavi Energia for USD80m. (Press Release) Infraestructura Energética Nova, S.A.B. de…
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DILA Capital Acquisition, a SPAC formed by DILA Capital targeting tech-enabled sectors in Latin America, has filed to raise up to USD50m in an IPO on the Nasdaq under the…
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Brazil-based Signal Capital has targeted a USD400m fund focusing on the secondaries market. (Secondaries Investor) Hamilton Lane ‘s Brazilian investment team has spun out and is set to launch a…
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Adobe Capital made an undisclosed investment in Rephone, a Chilean pre-owned cellphone platform. (AMEXCAP) – Adobe Mezzanine Fund II, el segundo fondo de inversión de impacto de Adobe Capital, anuncia su…
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The Carlyle Group, Pátria, Vinci Partners and Warburg Pincus launched the Instituto Órizon, an initiative for nonprofit organization (NGOs) to apply private equity management skills via social projects. (Valor Econômico)…
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Vinci Partners has raised BRL256m for VIAS (Vinci Infraestrutura Água e Saneamento Fundo de Participações em Infraestrutura) fund, which will focus on investing private capital into the privatization of state-owned…
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Vinci Real Estate, via its real estate fund VILG11, has acquired 50% stake in Parque Logístico Pernambuco for BRL66.4m. (SUNO) O VILG11, fundo imobiliário gerido pela Vinci Real Estate, adquiriu…
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GP Investimentos has partially exited Brazilian sporting goods retail chain Centauro selling 10% of its stake in a block trade for BRL150m. (Brazil Journal) Um block trade envolvendo a ação…
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Vinci Partners has reached a BRL1b (~USD173m) final close for Vinci Impacto e Retorno IV. The vehicle will invest in medium-sized companies operating in the healthcare, education, retail, IT and…
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Grupo Carrefour Brazil has agreed with Advent International and Walmart to acquire food retailer Grupo BIG for EUR1.1b. The transaction is subject to approval. In 2020 Grupo BIG filed for an…
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Advent International has sold its stake in Mexico-based funeral services provider Grupo Gayosso to Servicios Funerarios GG for USD49m. Advent originally invested in Gayosso in October 2007. (Global Legal Chronicle)…
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Patria Acquisition, a SPAC formed by Patria Investimentos targeting Latin American companies, has filed to raise up to USD250m in an IPO on the Nasdaq. (Nasdaq) Patria Acquisition, a blank…
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Brazil-based Signal Capital has targeted a USD400m fund focusing on the secondaries market. (Secondaries Investor) Hamilton Lane ‘s Brazilian investment team has spun out and is set to launch a…
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The Carlyle Group, Pátria, Vinci Partners and Warburg Pincus launched the Instituto Órizon, an initiative for nonprofit organization (NGOs) to apply private equity management skills via social projects. (Valor Econômico)…
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FIDC Agro SGT, a credit fund created by TerraMagna, Sparta and Grano Capital, has raised BRL48m to finance distributors of agricultural inputs in Brazil. (Startupi) Voltado ao financiamento agrícola, o…
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Lexington Partners has appointed Cassio Casseb as a Senior Advisor focusing on Brazil. (Press Release) Lexington Partners (“Lexington“), a leading global alternative investment manager, today announced the appointment of Cassio Casseb as a…
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Gramercy Funds Management and Andino Capital have created a USD50m joint venture for GAPIF – Fondo de Inversión de Oferta Privada. The vehicle would be to provide loans for medisize…
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XP Asset is seeking authorization from The Securities and Exchange Commission of Brazil (CVM) to launch a fund of funds and raise up to BRL1b. The fund plans to invest…
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Arlon Group and FitPart have invested R$100m (approximately US$18.5m) in Sotran, a Brazil-based logistics solutions company serving the agribusiness sector. (Forbes) A empresa de soluções logísticas Sotran, que atua no…
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H.I.G. Capital has partially exited its stake in Brazil-based outdoor advertising company Eletromidia via the company’s R$871.6m (approximately US$162m) IPO on the B3. According to regulatory filings, H.I.G. Capital’s Vesuvius…
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H.I.G. Capital has acquired pet food manufacturer FVO – Brasília Indústria e Comércio de Alimentos for an undisclosed amount. (Press Release) H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm…
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Nexus Group, via its NG Capital Partners II fund, has agreed to acquire the remaining 20% stake of lottery and sports betting company Intralot de Peru from Intralot Greece. (Press…
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Acciones & Valores has launched the Fore fund, a Colombian private capital fund aiming to reduce Carbon dioxide emissions (CO2). (Dinero Semana) Los inversionistas internacionales le apuestan cada vez más…
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IDB Invest has committed US$10m to SEAF Caribbean SME Growth Fund. The investment will contribute to the development of the Caribbean private equity investment ecosystem. (Press Release) IDB Invest, a member…
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Brazil-focused Itiquira SPAC has raised US$200m via IPO. The vehicle will search for a company in Brazil in a sector historically underserved by the government, such as technology, healthcare, pharma,…
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L Catterton has partially exited its stake in Brazil-based hair removal company Espaçolaser via the company’s R$2.64b (approximately US$483m) IPO on the B3. L Catterton sold shares worth R$811.6m (approximately…
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Brazil-based Vinci Partners Investments raised US$250m in its IPO on the Nasdaq by offering 13.9m shares at US$18. The asset manager is now listed on the Nasdaq under the symbol…
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Linzor Capital Partners has acquired a majority stake in Sies Salud, a Colombia-based healthcare services company specializing in HIV treatments. (Press Release) Linzor Capital Partners acquired a majority stake in…
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Alloy Merchant Finance has announced Alejandro Rocha Bracamontes as a Managing Director. (Press Release) Alejandro Rocha Bracamontes joins the investment team of Alloy Merchant Finance LP (“Alloy”). Alejandro has more…
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Blackstone-backed Pátria Investimentos has raised US$588m in a US IPO, with Blackstone reducing its stake to 14% for US$262m. Pátria will use the proceeds to launch new funds and expand…
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Mexican PE Nexxus Capital announced an undisclosed commitment in Mexico-based VC IGNIA Partners. The alliance will allow diversifying the sectors in which Nexxus invests. (Press Release) IGNIA y Nexxus Capital (“Nexxus”) anuncian…
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Darby International has launched an independent asset management firm specializing in debt investments in Latin America. (Press Release) Darby International Capital LLC (“Darby International”), today announced it has launched an…
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D1 Capital Partners, Founders Fund, Ribbit Capital and BOND led a USD485m Series D in Mexican car resale marketplace Kavak, at a reported USD4b valuation. SoftBank, DST Global, and Greenoaks Capital…
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Vostok Emerging Finance, Dunross & Co and Atlant Fonder made a USD7m follow-on investment in FinanZero, a Brazilian consumer credit marketplace. Atlant Fonder, Dunross & Co. and Vostok Emerging Finance…
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Ribbit Capital led a USD26.7m round for Cora, a Brazilian lending platform for SMEs, with participation from KASZEK, QED Investors and Greenoaks Capital. Cora raised an undisclosed round from its employees…
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Alkeon Capital led a USD150m round for dLocal, a Uruguay-based cross-border payment platform, with participation from BOND, D1 Capital Partners and Tiger Global, at a reported USD5b valuation. General Atlantic…
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Astella Investimentos led a BRL6.5m seed round for DeliRec, a Brazilian social platform for food recipe discovery. (Startupi) – A pandemia trouxe inúmeras mudanças, mas também ajudou a revelar prazeres…
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TCV led a BRL375m Series C for Hotmart, a Brazilian monetization platform for online courses, with participation from Alkeon Capital. GIC and General Atlantic made an undisclosed Series A investment…
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Mountain Nazca led a USD2.3m preseed round for Meru, a Mexican e-commerce platform connecting SMEs in Latin America with suppliers in China, with participation from Ricardo Weder (Jüsto), Roger Laughlin…
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Mercado Libre, Globant, and Riverwood Capital invested USD50m in Digital House, an Argentine platform providing technical education for developers, with follow-on from KASZEK. TPG’s The Rise Fund led a USD20m Series…
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IFC and Goldman Sachs led a BRL150m round for Open Co, a Brazilian unsecured personal credit platform formed by the merger of Brazilian fintechs Geru and Rebel earlier this year,…
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D1 Capital led a USD425m Series D for Brazilian proptech Loft,at a reported USD2.2b valuation. (TechCrunch) – Buying and selling residential real estate is a complex business, no matter where…
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US-based growth equity fund FTV Capital led a BRL190m Series B for Vortx, a Brazilian asset custody and issuance platform for corporate trusts. Pedro Englert, Marcelo Maisonnave and Eduardo Glitz…
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DILA Capital Acquisition, a SPAC formed by DILA Capital targeting tech-enabled sectors in Latin America, has filed to raise up to USD50m in an IPO on the Nasdaq under the…
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Adobe Capital made an undisclosed investment in Rephone, a Chilean pre-owned cellphone platform. (AMEXCAP) – Adobe Mezzanine Fund II, el segundo fondo de inversión de impacto de Adobe Capital, anuncia su…
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XP Asset Management invested BRL50m in convertible debt in Acqio, a Brazilian credit and payments platform for SMEs. (Startupi) – A Acqio, fintech brasileira focada em soluções de pagamento, atuando também como…
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Iporanga Ventures led a BRL2.8m round for Voe Tranquilo, a Brazilian complaint resolution platform for airline passengers affected by delayed flights, lost luggage, or delayed connections. (Startupi) – A gestora…
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General Catalyst led a BRL3.5m round for Clara, a Mexican startup offering corporate expense management and credit cards for Mexico-based startups, with participation from Canary, Adapt Ventures and Picus Capital.…
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Canary Leads BRL3.6m Round for Brazilian On-Demand Sales Talent Platform Cloud Humans (em português)
Canary led a BRL3.6m round for Cloud Humans, a Brazilian on-demand platform connecting companies with independent sales professionals, with participation from Paulo Silveira (Alura Group), Fabien Mendez (Loggi), Marcelo Sampaio…
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Astella Investimentos invested BRL8m in Assina Saude, a Brazilian telemedicine and in-person consultation subscription platform for underserved Brazilians. (InfoMoney) – A gestora de venture capital Astella Investimentos acaba de injetar…
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Astella Investimentos has invested BRL7m in Brazil-based fintech Sled. (Startupi) – A Sled, plataforma que simplifica as transações financeiras no varejo físico, acaba de receber um novo aporte da Astella Investimentos no valor…
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Canary led a USD1.5m round for Flourish, a US-based B2B financial education and savings rewards platform with customers in the US, Bolivia, and Brazil, with participation from Xochi Ventures, First…
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Leo Capital, FJ Labs and existing investors Alpha4 Ventures and Meesho have invested a USD6m Series A for Colombia-based social commerce startup Elenas. The company previously raised a USD2m seed…
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SoftBank, through its SoftBank Latin America Fund, has made an undisclosed investment in UOL EdTech, a Brazil-based education technology company. (Startupi) – O UOL EdTech, empresa de tecnologia para educação, acaba…
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FinTech Collective led a USD14m Series A for minu, a Mexican payroll platform providing Mexican employees access to their earned wages, with participation from VEF, XYZ Ventures, FJ Labs, Tom…
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CapSur Capital led a ~USD205m round for Brazil-based delivery logistics unicorn Loggi, with follow-on from monashees, SoftBank, GGV, Microsoft, and Sunley House at a reported USD2b valuation. SoftBank led a…
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Lightspeed Ventures led a USD32.5m Series B for Stori, a Mexican credit card issuer, with follow-on from Vision Plus Capital, BAI Capital, and Source Code Capital. Bertelsmann Investments and Source…
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Vinci Partners’ V2I Energia has acquired Brazilian wind farms Eólica Mangue Seco 3 and Mangue Seco 4 with a 52 MW capacity. (Press Release) A Petróleo Brasileiro S.A. – Petrobras,…
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Canada Pension Plan Investment Board (CPP Investments) has agreed to invest BRL1.178b for a 45% stake in water and sewage service company Iguá Saneamento, partnering with other investors including IG4…
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Infraestructura Energética Nova (IEnova) has closed the acquisition of the remaining 50% stake in Energía Sierra Juarez from Actis-backed Saavi Energia for USD80m. (Press Release) Infraestructura Energética Nova, S.A.B. de…
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Vinci Partners has raised BRL256m for VIAS (Vinci Infraestrutura Água e Saneamento Fundo de Participações em Infraestrutura) fund, which will focus on investing private capital into the privatization of state-owned…
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Vinci Real Estate, via its real estate fund VILG11, has acquired 50% stake in Parque Logístico Pernambuco for BRL66.4m. (SUNO) O VILG11, fundo imobiliário gerido pela Vinci Real Estate, adquiriu…
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Cerberus has acquired 39.2% stake in real estate investment company Brasil Brokers. Financial terms of the transaction were not disclosed. (Money Times) A rede de imobiliárias Brasil Brokers (BBRK3) tem…
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Power generation platform EfraGen has acquired Altra-backed Termovalle, a natural gas plant in western Colombia. Financial terms of the deal were undisclosed. (Valora Analitik) Glenfarne Group y Partners Group anunciaron la…
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Patria has announced the closing of its first evergreen publicly-traded Core Infrastructure fund, of approximately BRL800m total commitments. The vehicle will seek to invest in high-quality, operational power generation and…
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Caisse de dépôt et placement du Québec (CDPQ) and Telefónica Group have entered an agreement for the construction, development and operation of FiBrasil Infraestrutura e Fibra Ótica (FiBrasil), an independent…
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Titan Venture Capital of Piemonte Holding has acquired Brazilian operator’s data center Oi and related entities Telemar Norte Leste and Oi Móvel for BRL325m. (S&P Global) Oi SA and related…
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KKR has agreed to acquire a majority stake in the existing fiber optic network of Telefonica Chile in order to establish an open access wholesale fiber optics company. As part…
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MGM Innova Capital has invested US$4m in Wirewatt, a Mexico-based clean energy financing platform providing loans to homeowners and SMEs to finance solar, battery, and other energy-efficiency improvement projects. (Crunchbase)…
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BTG Pactual, Safra, and Kinea have adquired Rochaverá Towers, a corporate enterprise located in São Paulo, for R$1.2b. (Valor Econômico) Consórcio formado por BTG Pactual, Safra e pela gestora de…
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Sequoia Capital has exited wind complex Pindaí via a sale to Electrobras for R$20.6m. (Money Times) A Eletrobras (ELET3; ELET5; ELET6) concluiu, nesta terça-feira (26), a aquisição de 100% das ações da Sequoia Capital, que detinha participação…
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TPG Capital’s Madrid-based renewable energy platform Matrix Renewables has acquired 154MW solar portfolio in Chile from Verano Capital for an undisclosed amount. (Renewables Now) Madrid-based platform Matrix Renewables, created by…
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Mubadala Investment Company has acquired Farallon Capital Management’s interest in Brazil-based highway concession Rota das Bandeiras for R$2b (approximately US$376m), becoming the company’s sole controller. The concession operates nearly 300…
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US-based American Towers has agreed to acquire Telefonica’s KKR-backed Telxius division (Europe and Latin America) for US$9.41b. (Reuters) Shares in Telefonica soared on Wednesday after the Spanish group said it…
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New Fortress Energy has acquired Stonepeak-backed Hygo and Golar LNG Partners for US$5b. The investment will add 2700MW of power generation and a robust customer pipeline in Brazil’s natural gas…
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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…