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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Sapphire Ventures led a US$103m Series E investment in Auth0, a US-based identity verification solution founded by Eugenio Pace and Matías Woloski, with participation from existing investors Bessemer Venture Partners,…
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The real estate fund of Kinea Investimentos completed the 100% acquisition of Atrium Faria Lima a 14-floor office building in São Paulo for R$285m. (LexLatin) Kinea Renda Imobiliária Fundo de…
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DILA Capital and Angel Ventures Peru made an undisclosed seed investment in Emptor, a Mexican identity services platform for on-demand companies. (Press Release) Emptor, a leading platform for the automation…
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Superjobs Ventures led a R$1m investment in Matchbox Brasil, a recruitment marketing platform. (Baguete) A Matchbox Brasil, startup do segmento de recursos humanos, acaba de receber uma nova rodada de…
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Kinea Investimentos acquired a R$150m minority stake in Centro Clínico Gaúcho (CCG). CCG is a vertical health provider that provides health plans to 176,000 people and operates clinics in Rio…
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Vinci Capital Partners announced the final closing of its most recent private equity fund, Vinci Capital Partners Fund III and related co-investment entities of US$1billion (R$3.962 billion) of capital commitments.…
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CDPQ through its investment partnership with DP World acquired a 45% stake in DP World Chile, which operates terminals in Puerto Central and Puerto Lirquen. CDPQ partnered two years ago…
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Monashees led a US$10.5m seed investment in Kovi ,provider of rental cars for on-demand drivers in Latin America, with participation from MAYA Capital and ONEVC. Co-founders Adhemar Milani Neto (CEO)…
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Equity International is weighing plans to sell shares in Latin American companies from its portfolio, including public offerings for Brazilian parking lot operator Estapar; Mexican mall operator Acosta Verde; and…
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General Atlantic has appointed Pedro Parente to the newly created position of Chairman of Brazil. The advisory position will help lead General Atlantic’s portfolio companies in Brazil. Mr. Parente is…
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Andreessen Horowitz made a US$1.6m investment in Meitre, an Uruguayan restaurant management platform. Meitre participated in Y Combinator in Winter 2018 and is founded by Juan and Luis Caviglia. (El…
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DILA Capital and Mountain Nazca Mexico exited Creze, a Mexican financial services startup for small businesses, through a sale to Polygon Fintech, a financial group targeting unbanked consumers. This transaction…
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KaszeK Ventures, Redpoint e.ventures and QED Investors Invest R$16m Series A in Xerpa (em português)
KaszeK Ventures, Redpoint eventures and QED Investors made a R$16m Series A investment in Xerpa, a Brazilian HRtech platform. (Exame) A Xerpa, startup que leva a área de recursos humanos…
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Cartesian Capital Group invested US$50m for a minority stake in Peruvian discount airline Viva Air. The investment will be utilized to help purchase 50 new Airbus A320 aircraft to accelerate…
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Signia Venture Partners led a US$2.5m seed round in Colombia’s Picap to expand its mototaxi mobility platform throughout Latin America. Joining Signia in the Picap round were Peter Livingston with…
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DILA Capital made an undisclosed investment in Alana Jobs, a Mexican HR tech platform for the hospitality industry. (Press Release) DILA Capital is proud to announce their investment in Alana…
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Real Estate development firm Pactia completed the COP$98m construction of a distribution center in Palmira, Colombia to be rented by Colgate Palmolive. (La República) Con un área de 30.411 metros…
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99 Minutos, a Mexican ecommerce shipping platform, acquired MuvSmart, a Chilean last-mile delivery startup, for an undisclosed amount. Engie Factory Mexico made a follow-on investment in 99 Minutos as part…
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Portuguese VC Indico Capital Partners made its inaugural Brazil investment in Zenklub, an online therapy and wellness platform. (DCI) A startup Zenklub recebeu R$ 2 milhões do fundo de investimentos…
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Astella Investimentos led a R$6.8m investment in JOTA, a data intelligence platform focused on Brazilian state institutions. (Brazil Journal) O JOTA- mais conhecido pelo site (https://www.jota.info) que cobre o Poder…
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Gavea Investimentos fully exited its minority stake in health conglomerate Grupo São Francisco through a strategic sale to health insurance provider Hapvida. (Brazil Journal) A Hapvida acaba de fechar a…
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Brazilian education company Arco Educação acquired Positivo, an educational content provider, for R$1.65b. Arco Educação IPO’d on the Nasdaq in 2018. Backers include General Atlantic. (Press Release) Arco Platform Limited, or Arco (Nasdaq: ARCE), today announced that…
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HandTalk, a real-time translation platform for Brazilian sign language, received a US$750k grant from Google.org as one of 20 global winners of the Google AI Impact Challenge. (Press Release) Google…
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Dev Labs made a US$100k seed investment in Altum Lab, a Chilean fish feed optimization platform founded by Madeleine Valderrama. (Diario Financiero ) Altum Lab aterrizará en julio en EEUU…
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General Atlantic and SoftBank made an undisclosed investment in Mexican payments startup Clip. Reuters reports a round near US$100m at a valuation near US$400m. (Reuters) Japan’s SoftBank Group invested about…
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Kinea Investimentos acquired a R$150m minority stake in Centro Clínico Gaúcho (CCG). CCG is a vertical health provider that provides health plans to 176,000 people and operates clinics in Rio…
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Vinci Capital Partners announced the final closing of its most recent private equity fund, Vinci Capital Partners Fund III and related co-investment entities of US$1billion (R$3.962 billion) of capital commitments.…
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CDPQ through its investment partnership with DP World acquired a 45% stake in DP World Chile, which operates terminals in Puerto Central and Puerto Lirquen. CDPQ partnered two years ago…
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General Atlantic has appointed Pedro Parente to the newly created position of Chairman of Brazil. The advisory position will help lead General Atlantic’s portfolio companies in Brazil. Mr. Parente is…
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Cartesian Capital Group invested US$50m for a minority stake in Peruvian discount airline Viva Air. The investment will be utilized to help purchase 50 new Airbus A320 aircraft to accelerate…
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Gavea Investimentos fully exited its minority stake in health conglomerate Grupo São Francisco through a strategic sale to health insurance provider Hapvida. (Brazil Journal) A Hapvida acaba de fechar a…
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Brazilian education company Arco Educação acquired Positivo, an educational content provider, for R$1.65b. Arco Educação IPO’d on the Nasdaq in 2018. Backers include General Atlantic. (Press Release) Arco Platform Limited, or Arco (Nasdaq: ARCE), today announced that…
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Venezuelan Private Equity firm Evolvere Capital rebrands to Miranda Capital Partners in anticipation of expanding their investment activities. (Press Release) Evolvere Capital Venezuela, the first Venezuelan Private Equity firm looking…
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German private equity manager MPC Capital acquired Tilawind a 21MW wind farm in Costa Rica for US$50m and will directly administer the farm. Trinidad & Tobago’s largest corporate conglomerate ANSA…
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GEF Capital Partners completed a final close on a R$300m private equity fund targeting medium-sized Brazilian companies with sound ESG principles. (Valor Econômico) A gestora de private equity GEF Capital…
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Vinci Partners acquired a minority stake in restaurant group Drumattos for an undisclosed amount. Drumattos controls two seafood chains and will use the capital to expand its Camarada Camarão franchise…
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The Abraaj Group and Colony Capital, a global investment firm, have signed a definitive agreement for Colony Capital and the existing management team to acquire the Abraaj Group’s private equity…
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Advent International is preparing a new fund focused on Latin American based companies, expected to close in September 2019. This is Advent International’s seventh Latin America focused private equity fund.…
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Private Equity Firm EB Capital acquired a 60% stake in Brazilian triple-play Telecommunications operator Sumicity for an undisclosed amount. (Brazil Journal) Quando um caminhão da Sumicity estaciona no centro de…
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Blackstone has plans to buy a stake in US investment fund FRS Capital. The acquisition would gain Blackstone indirect control of a leading Latin American container terminal operator. (Latin Lawyer)…
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Centauro, a Brazilian sporting goods retail chain, raised ~US$772m in an initial public offering on the Bovespa. Centauro is owned by Grupo SBF; GP Investments is a minority investor. (Seudinheiro)…
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Kinea Investimentos, the private equity wing of Brazilian bank Itaú, acquired a 20% stake in Wiser Educação for R$200m. Wiser Educação operates a chain of language schools throughout Brazil. (Reuters)…
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Engie and Tokyo Gas Co created a joint venture called Heolios EnTG to develop renewable energy projects in Mexico. (Renewable Energy Magazine) Heolios EnTG will be responsible for the development,…
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Brazilian private equity firm Angra Partners fully exited Itapecuru Bioenergia through a strategic sale to Palani Participações, the terms of the transaction were undisclosed. Itapecuru Bioenergia specializes in the production…
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Advent International will invest up to US$118m over the next two years in modernizing casinos operated by Enjoy of Chile. Advent acquired a 32% stake in Enjoy in January 2018…
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Caisse de dépôt et placement du Québec (CDPQ) and ENGIE have made a US$8.6b winning bid in a competitive process conducted by Petrobras to acquire a 90% stake in Brazil’s…
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Adobe Capital and IGNIA announced their divestment from Provive, a Mexican urban regeneration company, following a new round of debt financing from an undisclosed international bank. (Press Release) Adobe Capital…
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Brazilian distributor of aftermarket auto parts Fortbras Group has acquired Brazilian auto part retailer BHZ. (Brazil Journal) A varejista de autopeças Fortbras é uma das empresas menos conhecidas do portfólio…
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A new global social impact fund managed by FIA Asset Management, which will invest in companies delivering positive social impact in Latin America and East Africa, is set to launch…
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Nexxus Capital has completed its divestment from Mexican English language teaching institution Harmon Hall with a sale to Talisis, a subsidiary of Grupo Topaz. (Press Release) Nexxus announces that on…
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Sapphire Ventures led a US$103m Series E investment in Auth0, a US-based identity verification solution founded by Eugenio Pace and Matías Woloski, with participation from existing investors Bessemer Venture Partners,…
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DILA Capital and Angel Ventures Peru made an undisclosed seed investment in Emptor, a Mexican identity services platform for on-demand companies. (Press Release) Emptor, a leading platform for the automation…
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Superjobs Ventures led a R$1m investment in Matchbox Brasil, a recruitment marketing platform. (Baguete) A Matchbox Brasil, startup do segmento de recursos humanos, acaba de receber uma nova rodada de…
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Monashees led a US$10.5m seed investment in Kovi ,provider of rental cars for on-demand drivers in Latin America, with participation from MAYA Capital and ONEVC. Co-founders Adhemar Milani Neto (CEO)…
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General Atlantic has appointed Pedro Parente to the newly created position of Chairman of Brazil. The advisory position will help lead General Atlantic’s portfolio companies in Brazil. Mr. Parente is…
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Andreessen Horowitz made a US$1.6m investment in Meitre, an Uruguayan restaurant management platform. Meitre participated in Y Combinator in Winter 2018 and is founded by Juan and Luis Caviglia. (El…
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DILA Capital and Mountain Nazca Mexico exited Creze, a Mexican financial services startup for small businesses, through a sale to Polygon Fintech, a financial group targeting unbanked consumers. This transaction…
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KaszeK Ventures, Redpoint e.ventures and QED Investors Invest R$16m Series A in Xerpa (em português)
KaszeK Ventures, Redpoint eventures and QED Investors made a R$16m Series A investment in Xerpa, a Brazilian HRtech platform. (Exame) A Xerpa, startup que leva a área de recursos humanos…
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Signia Venture Partners led a US$2.5m seed round in Colombia’s Picap to expand its mototaxi mobility platform throughout Latin America. Joining Signia in the Picap round were Peter Livingston with…
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DILA Capital made an undisclosed investment in Alana Jobs, a Mexican HR tech platform for the hospitality industry. (Press Release) DILA Capital is proud to announce their investment in Alana…
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99 Minutos, a Mexican ecommerce shipping platform, acquired MuvSmart, a Chilean last-mile delivery startup, for an undisclosed amount. Engie Factory Mexico made a follow-on investment in 99 Minutos as part…
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Portuguese VC Indico Capital Partners made its inaugural Brazil investment in Zenklub, an online therapy and wellness platform. (DCI) A startup Zenklub recebeu R$ 2 milhões do fundo de investimentos…
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Astella Investimentos led a R$6.8m investment in JOTA, a data intelligence platform focused on Brazilian state institutions. (Brazil Journal) O JOTA- mais conhecido pelo site (https://www.jota.info) que cobre o Poder…
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HandTalk, a real-time translation platform for Brazilian sign language, received a US$750k grant from Google.org as one of 20 global winners of the Google AI Impact Challenge. (Press Release) Google…
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Dev Labs made a US$100k seed investment in Altum Lab, a Chilean fish feed optimization platform founded by Madeleine Valderrama. (Diario Financiero ) Altum Lab aterrizará en julio en EEUU…
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General Atlantic and SoftBank made an undisclosed investment in Mexican payments startup Clip. Reuters reports a round near US$100m at a valuation near US$400m. (Reuters) Japan’s SoftBank Group invested about…
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Verus Group and Brazilian angels invested R$800k in Fix it, a Brazilian company producing biodegradable and thermoformable plastic materials as an alternative to casts for joint immobilization. (Press Release)…
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Variv Capital and Austrian VC Speedinvest made an undisclosed investment in Bnext, a Spain-based marketplace for financial products. (Press Release) VARIV II invested in Bnext’s latest round. Speedinvest, an Austrian…
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Riverwood Capital led a US$50m Series C in Technisys, a digital software platform operating in Latin America, the US and Canada. (Press Release) Technisys, a leading provider of an innovative…
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SoftBank will invest US$1b in Colombian delivery app Rappi, split 50/50 between SoftBank’s Vision Fund and the new SoftBank Innovation Fund. Rappi is the first investment from the US$5b Innovation…
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Magazine Luiza acquired Brazilian ecommerce brand Netshoes for US$62m. (Brazil Journal) O Magazine Luiza acaba de anunciar a compra da Netshoes por US$ 62 milhões, ou cerca de R$ 248…
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Chromo Invest led an undisclosed Series B investment in Fitpass, a Mexican fitness membership platform founded by Liza Schvartzman (CEO) and Karen González. Previous investors Capital Deportivo and Soldiers Field…
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Crabi, a Mexican auto insurance startup, raised a US$1.3m seed round led by an undisclosed family office, with participation from Redwood Ventures and angels. (Contxto) Crabi, una empresa mexicana de…
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Wayra Colombia made an undisclosed investment in Peiky, a Colombian sales management tool for social media platforms. (Press Release) Wayra, el brazo de inversión corporativa e innovación abierta de Telefónica…
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Seaya Ventures led a US$4m investment in MUY Tech, a Colombian restaurant management platform. This is Seaya’s first investment in Colombia. MUY co-founders José Calderón (CEO) and Miguel McAllister previously…
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The real estate fund of Kinea Investimentos completed the 100% acquisition of Atrium Faria Lima a 14-floor office building in São Paulo for R$285m. (LexLatin) Kinea Renda Imobiliária Fundo de…
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Equity International is weighing plans to sell shares in Latin American companies from its portfolio, including public offerings for Brazilian parking lot operator Estapar; Mexican mall operator Acosta Verde; and…
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Real Estate development firm Pactia completed the COP$98m construction of a distribution center in Palmira, Colombia to be rented by Colgate Palmolive. (La República) Con un área de 30.411 metros…
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Blackstone transferred its 35% stake in Brazilian real estate developer Alphaville Urbanismo to its partner Pátria Investimentos. Blackstone and Pátria originally invested R$1.4b in June 2013 for a 70% stake…
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The XP Hotéis FII Real Estate investment fund administered by XP Asset Management acquired two hotels in São Paulo from the Habraset Hoteleira group. (LexLatin) El fondo de inversión en…
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HSI Acquires Two Properties from Business Executive Michael Klein for Combined R$250m (em português)
Real Estate Investment firm Hemisfério Sul Investimentos has purchased a commercial building in Barueri and a shopping mall in Campinas from business executive Michael Klein for a combined cost of…
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Patria Investimentos partially exited nursing care conglomerate Brazil Senior Living through the sale of a 20% stake to French nursing care corporation Orpea. The agreement included provisions allowing Orpea to…
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Paladin Realty Partners announced the launch of a mixed-use development project located in São Paulo’s Pinheiros neighborhood. The project is expected to generate approximately R$400m (US$103m) of total sales. The…
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Brazilian construction company Vitacon has formed a joint venture with 7 Bridges Capital Partners that will focus on constructing 3,500 units in São Paulo. The deal is valued at R$2b.…
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Jamaica fund manager, First Rock Capital Holdings Limited has raised J$2.5b to invest 80% in real estate and 20% in private equity investments in the Caribbean and North America. (The…
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Brazilian real estate fund manager Hemisfério Sul Investimentos (HSI) acquired Evolution and Itower, two office buildings in São Paulo for R$400m. (Valor Econômico) A Hemisfério Sul Investimentos (HSI) comprou dois…
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Sura Asset Management, through Fondo de Inversión Sura Renta Inmobiliaria II and Sura Renta Inmobiliaria III, acquired 100% interest in Inversiones ELA. (Global Legal Chronicle) Administradora General de Fondos Sura…
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Smart Money Ventures made a R$1m investment in Produttivo, a software platform for field service management. (Baguete) A Produttivo, startup de Curitiba especializada em software para gestão de inspeções e…
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Blue Macaw, former Blackstone’s Marcelo Fedak’s new fund, is preparing to raise US$250m – US$500m for its first real estate fund (Valor Econômico) Com um mês de operação, a nova…
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Real Estate private equity firm GTIS Partners will invest R$400m in Brazilian Hospital Group (BHG), Brazil’s largest hotel owner and one of the country’s leading hotel operators. (Valor Econômico) A Brazilian…
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Brazilian self storage companies are beginning to see increased demand, mainly by companies that use these spaces for the storage of inventories (Valor Econômico) As empresas de locação de espaços…
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Brookfield has announced the closing of the Brookfield Strategic Real Estate Partners III fund. With total equity commitments of US$15 billion, BSREP III is Brookfield’s largest private fund to date. (Press…
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NH Securities invests R$327M in Venture Capital Investimentos, a Brazilian real estate investor. (O Povo) A Venture Capital Investimentos (VCI), responsável pela implementação dos projetos Hard Rock Hotel no Brasil…
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Ameris Capital Asset Management acquired a 49% stake in Chilean Arauco Centros Comerciales Regionales for US$110m. (Economía y Negocios) Parque Arauco, firma controlada por el grupo Said, anunció que recibió y…
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BTG Pactual and Inverlink, a Colombian investment bank, signed an agreement to create a real estate joint venture in Colombia. The new company, Tandem Capital, will invest in real estate…
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GTIS Partners has exited LA Hotels and LA Serviços, from Brazil Hospitality Group, with a sale to Louvre Hotel Group. The transaction marks the entrance of Louvre Hotel Group in…
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Thor Equities Group, through its Thor Urbana division, has announced plans to develop a new Ritz-Carlton Reserve hotel on the Riviera Nayarit in Mexico. (Press Release) Mexico City, December 13,…
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Brazilian private equity firm Hemisfério Sul Investimentos (HSI) sold a 50% stake in GoodStorage, a Brazilian self-storage company, to US asset manager M3 Capital Partners. Rappi, Loggi and B2W are…
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Knotel announced that it is expanding into Brazil. The firm will assume the operation of 100,000 square feet in several building in São Paulo, followed by a move into Rio…
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Tecnisa, a Brazilian residential property manager, announced a joint venture with H.I.G. Capital to return to real estate market after two years of inactivity in the sector. This represents H.I.G’s first residential real estate deal in Brazil.