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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(Seu Dinheiro) General Atlantic acquired an additional 4.1% stake in Locaweb, a Brazil-based web services platform for SMEs, raising its total stake to 15.1%. General Atlantic Acquires Additional Stake in…
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(Pipeline Valor) Warburg Pincus exited GPS, a Brazil-based outsourced maintenance and security company that listed on the B3 in 2021, via a block trade. Warburg Pincus Exits Brazil’s GPS was…
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(Caricaco) Caricaco, the investment vehicle of El Trueno, invested in a pre-seed round for Costa Rica-based restaurant supply platform Listo, with participation from Ulua VC and angel investors. El Trueno-backed…
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(TechCrunch) monashees led a USD14.5m Series A for Mecanizou, a Brazil-based online retailer of auto repair parts, with participation from Alexia Ventures, FJ Labs and Dalus Capital. monashees Leads USD14.5m…
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(IFC) IFC committed USD50m to Credicorp Capital‘s FCP CC Deuda Privada I, a vehicle focused on providing structured long-term debt to performing medium and larger-size enterprises in Colombia. IFC Invests…
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(NeoFeed) XP reached a BRL1.7b (~USD327m) first close for its second Brazil-focused private equity fund. XP Reaches First Close ~USD327m for Private Equity Fund II was last modified: March 23rd,…
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Brazil-based venture capital fund Caravela Capital reached a first close of its early-stage Latin America-focused fund Caravela Capital II with a USD50m target. The fund’s first investment includes Franq Open…
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(Brazil Journal) Crescera Capital and EDP Brasil’s corporate venture capital arm invested BRL14m (~USD2.7m) in 77Sol, a Brazil-based solar panel manufacturer. Crescera Capital and EDP Brasil Invest ~USD2.7m in Brazil’s…
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(DF SUD) Kamay Ventures invested in Ruedata, a Colombia and Mexico-based inventory management software for transportation companies. Kamay Ventures Invests in Colombia’s and Mexico’s Ruedata was last modified: February 22nd,…
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(Money Times) Mubadala Capital, the asset management arm of sovereign investor Mubadala Investment Company, acquired a controlling stake in Americas Trading Group, a Brazil-based electronic trading platform. Mubadala Capital Acquires…
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(Baguete) BNDES invested ~USD32m in Tembici, a Brazil-based micro-mobility platform focused on bikes with operations in Chile, Argentina and Colombia. Tembici raised a ~USD10.6m round from Itaú, Mastercard and Colombian…
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(TechCrunch) Minu, a Mexico-based employee wellness rewards platform, raised USD30m from Coppel Capital, Besant Capital and Enea Capital, with follow-on from FinTech Collective, QED Investors and Salkantay. The startup also…
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(TechCrunch) Lighstpeed Venture Partners led a USD13m Series A for Beek, a Mexico-based audiobook and meditations platform, with participation from angels Sam Altman (OpenAI), Dylan Field (Figma), Sebastian Mejia (Rappi),…
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(LatamList) Tuhabi, a subsidiary of Colombia-based protech Habi focused on brokering sales of used home purchases, secured a USD21m credit line from BBVA to expand its operations in Mexico. Habi…
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(Latam Fintech) XP Asset acquired a minority stake in One7, a Brazil-based financial services company that provides credit to SMEs, for BRL110m (~USD22m). XP Asset Acquires Minority Stake in Brazil’s…
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(Istoe Dinheiro) Augment Infrastructure invested BRL250m (~USD49m) in Brazil-based solar energy company Origo Energia. Augment Infrastructure Invests ~USD49m in Brazil’s Origo Energia was last modified: February 8th, 2023 by Tasin…
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(Brazil Journal) Mubadala Capital acquired a majority stake in Brazil-based sugar and alcohol company Atvos from Lone Star. Lone Star held USD5m in equity and a face value of USD370m…
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(IFC) IFC provided a MXN1b (~USD53m) financing package to Arrendamás, a Mexico-based non-bank financial institution that supports SMEs. IFC Grants MXN1b Financing Package to Mexico’s Arrendamás was last modified: February…
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(Global Legal Chronicle) WorldBusiness Capital provided a USD15m long-term loan to Cooperativa de Ahorro y Crédito Alianza del Valle, an Ecuador-based savings and credit cooperative. WorldBusiness Capital Provides USD15m Long-term…
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(responsAbility Investments – press release) responsAbility Investments reached first closes for its latest funds focused on food production and distribution companies. Growth equity vehicle Sustainable Food Asia II and mezzanine fund…
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Equitas Capital completed a follow-on investment in Chile-based grape juice and wine producer Mostos Pacífico, bringing its stake in the company to 90%. Equitas acquired Mostos Pacífico in December 2021.…
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Magma Partners led a USD8.5m round for a Mexico-based super app Zenfi, with participation from Cometa, Redwood Ventures, Polígono, Conny & Co. and an AngelList syndicate led by Peter Livingston.…
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Deetken Impact Alternative Finance fully exited Universidad Uk, a Mexico-based online school offering Bachelor’s and Master’s degree programs. Deetken Impact Exits Mexico’s Universidad Uk was last modified: January 25th, 2023…
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JP Morgan and IFC led a USD27m round for KLYM (formerly OmniLatam), a Colombia-based financial services platform for SMEs in Latin America. JP Morgan and IFC Lead USD27m Round for…
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Victory Park Capital provided USD100m secured credit facility to Alloy Capital, a cross-border credit provider for SMEs in Mexico and the U.S. Victory Park Capital Provides USD100m Secured Credit Facility…
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(Money Times) Mubadala Capital, the asset management arm of sovereign investor Mubadala Investment Company, acquired a controlling stake in Americas Trading Group, a Brazil-based electronic trading platform. Mubadala Capital Acquires…
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(Latam Fintech) XP Asset acquired a minority stake in One7, a Brazil-based financial services company that provides credit to SMEs, for BRL110m (~USD22m). XP Asset Acquires Minority Stake in Brazil’s…
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(Istoe Dinheiro) Augment Infrastructure invested BRL250m (~USD49m) in Brazil-based solar energy company Origo Energia. Augment Infrastructure Invests ~USD49m in Brazil’s Origo Energia was last modified: February 8th, 2023 by Tasin…
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(Brazil Journal) Mubadala Capital acquired a majority stake in Brazil-based sugar and alcohol company Atvos from Lone Star. Lone Star held USD5m in equity and a face value of USD370m…
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Equitas Capital completed a follow-on investment in Chile-based grape juice and wine producer Mostos Pacífico, bringing its stake in the company to 90%. Equitas acquired Mostos Pacífico in December 2021.…
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JP Morgan and IFC led a USD27m round for KLYM (formerly OmniLatam), a Colombia-based financial services platform for SMEs in Latin America. JP Morgan and IFC Lead USD27m Round for…
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Warburg Pincus invested USD40m in Scanntech, an Uruguay-based consumer data company.
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Patria Investments acquired a controlling stake in Oncólogos de Occidente, a Colombia-based cancer treatment provider. Patria Investments Acquires Colombia’s Oncólogos de Occidente was last modified: January 25th, 2023 by Tasin…
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BTG Pactual led a USD30m round for BioElements, a Chile-based biodegradable plastic packaging manufacturer. BTG Pactual Leads USD30m Round for Chile’s BioElements was last modified: January 25th, 2023 by Tasin…
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Apex Capital, the private equity arm of Grupo Mariposa-Apex, has successfully reached a first closing of its buyout fund Apex Capital Core Fund I, targeted at US$300 million. The fund is focused on the…
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Apex Capital, the private equity arm of Grupo Mariposa-Apex, reached a first close for its buyout fund Apex Capital Core Fund I, which is targeting USD300m. The vehicle is focused…
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(BrazilJournal) Siguler Guff invested BRL150m (~USD29m) in Verzani & Sandrini, a Brazil-based cleaning, security and maintenance services outsourcing company. Siguler Guff Invests BRL150m in Brazil’s Verzani & Sandrini was last…
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(Bnamericas) CAF committed USD25m to Patria Investment’s Infra Credit Fund, which will finance greenfield and brownfield projects in the energy, telecommunications, mobility and sanitation sectors in Brazil. CAF To Commit…
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(LexLatin) KKR sold 32,000 shares in Laureate Education, a US-listed company that operates higher education institutions in Mexico and Peru, for USD309m. KKR Sells Shares in Laureate Education for USD309m…
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(Brazil Journal) CPP Investments agreed to invest BRL2.5b (~USD468m) in V.Tal, a Brazil-based neutral fiber optic network controlled by funds managed by BTG Pactual. Funds managed by BTG Pactual increased…
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(Brazil Journal) Bridge One invested BRL105m (~USD21m) in BR Media, a Brazil-based social media agency connecting corporates with influencers. Bridge One Invests ~USD21m in Brazil’s BR Media was last modified:…
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(GlobeNewswire (Vinci Partners)) Vinci Partners, through its fourth flagship vehicle, agreed to invest in Arklok, a Brazil-based IT services company. Vinci Partners Invests in Brazil’s Arklok was last modified: November…
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(PR Newswire (L Catterton) | Valor | FINSMES) L Catterton agreed to acquire a minority stake in CantuStore, the holding company for Brazil-based tire retailers CantuPneus and PneuStore, for BRL600m…
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(Globe Newswire (Vitru)) Crescera agreed to invest BRL300m (~USD56m) in Brazil-based, US-listed higher education platform, Vitru for a ~10.6% stake. Crescera To Invest BRL300m in Brazil’s Vitru was last modified:…
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(PR Newswire (CrossRegional Management)) CrossRegional Management and Kandeo Asset Management invested in Liquitech, a Colombia-based provider of factoring finance. CrossRegional and Kandeo Invest in Colombia’s Liquitech was last modified: November…
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(PR Newswire (Accel-KKR) Accel-KKR acquired a majority stake in Teamcore, a Chile-based retail execution platform, for an undisclosed amount. Accel-KKR Acquires Chile’s Teamcore was last modified: September 14th, 2022 by…
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(Equitas Capital) Equitas Capital, through its Equitas Capital III fund, acquired Cerro Capurata, a Chile-based copper mining business with a focus on sustainable industrial processes. Equitas Capital Acquires Cerro Capurata…
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(PRESS RELEASE – Alothon Group) Alothon Fund III invested in Unity in August 2018 with the objective of undertaking a roll-up of oncology clinics in Brazil to achieve strong financial…
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(LatinFinance) Brazil-based Pátria Investments agreed to acquire an 82% stake in NS Agro, a Chile-based agricultural supplies distributor, for USD107m. Pátria Investments To Acquire 82% Stake in Chile’s NS Agro…
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(Startupi) Van Eck Associates led a USD8m seed round for Investo, a Brazil-based manager specializing in ETFs, with participation from other foreign investors. Van Eck Associates Leads USD8m Seed Round…
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(Caricaco) Caricaco, the investment vehicle of El Trueno, invested in a pre-seed round for Costa Rica-based restaurant supply platform Listo, with participation from Ulua VC and angel investors. El Trueno-backed…
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(TechCrunch) monashees led a USD14.5m Series A for Mecanizou, a Brazil-based online retailer of auto repair parts, with participation from Alexia Ventures, FJ Labs and Dalus Capital. monashees Leads USD14.5m…
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Brazil-based venture capital fund Caravela Capital reached a first close of its early-stage Latin America-focused fund Caravela Capital II with a USD50m target. The fund’s first investment includes Franq Open…
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(Brazil Journal) Crescera Capital and EDP Brasil’s corporate venture capital arm invested BRL14m (~USD2.7m) in 77Sol, a Brazil-based solar panel manufacturer. Crescera Capital and EDP Brasil Invest ~USD2.7m in Brazil’s…
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(DF SUD) Kamay Ventures invested in Ruedata, a Colombia and Mexico-based inventory management software for transportation companies. Kamay Ventures Invests in Colombia’s and Mexico’s Ruedata was last modified: February 22nd,…
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(Baguete) BNDES invested ~USD32m in Tembici, a Brazil-based micro-mobility platform focused on bikes with operations in Chile, Argentina and Colombia. Tembici raised a ~USD10.6m round from Itaú, Mastercard and Colombian…
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(TechCrunch) Lighstpeed Venture Partners led a USD13m Series A for Beek, a Mexico-based audiobook and meditations platform, with participation from angels Sam Altman (OpenAI), Dylan Field (Figma), Sebastian Mejia (Rappi),…
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Magma Partners led a USD8.5m round for a Mexico-based super app Zenfi, with participation from Cometa, Redwood Ventures, Polígono, Conny & Co. and an AngelList syndicate led by Peter Livingston.…
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DILA Capital is one of the most active Latin America-dedicated VC firms in the market. Since it started its business in 2010, DILA has invested in over 50 companies based in Latin…
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Amplifica Capital reached a USD11m final close for its first venture fund, focused on women-founded, early-stage companies in Latin America. Amplifica Capital Reaches USD11m Final Close for Venture Fund was…
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Framework Ventures led a USD15m round for Parfin, a Brazil-based developer of web3 infrastructure software, with participation from L4 Venture Builder, Valor Capital Group and Alexia Ventures. Framework Ventures Leads…
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DILA Capital reached a USD115m final close for its fourth fund, focused on fintech, SaaS, edtech, e-commerce, proptech, logistics and healthtech companies. DILA Capital Reaches USD115m Final Close for DILA…
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General Catalyst led a USD10m round for Genial Care, a Brazil-based provider of autism care services for children, with participation from Atlantico, Canary and angel investors. General Catalyst Leads USD10m…
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(TechCrunch) Kayyak Ventures led a USD10m Series A for HealthAtom, a Chile-based backend operation management platform for health clinics with operations in Chile, Colombia and Mexico, with participation from Amador…
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Kayyak Ventures led a USD10m Series A for HealthAtom, a Chile-based health clinic management platform, with participation from Amador Holdings, FJ Labs, Soma Capital and Taram. Kayyak Ventures Leads USD10m…
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(IMPAQTO Capital) IMPAQTO Capital reached a first close for IMPAQTO Capital Fund I, which has a USD2m target. The vehicle will primarily provide revenue-based financing to impact-focused, early-stage companies in…
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(Gazeta Do Povo) monashees and CapSur Capital led a USD8m round for The Coffee, a Brazil-based coffee chain. monashees and CapSur Capital Lead USD8m Round for Brazil’s The Coffee was…
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(Economia SP) Paketá, a Brazil-based payroll loan platform, secured BRL300m (~USD57m) in debt financing from Milenio Capital. Brazil’s Paketá Secures BRL300m in Debt Financing from Milenio Capital was last modified:…
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(Dinheiro) Headline led a BRL30m (~USD7m) round for Brazil-based mini market operator Smart Break, with participation from UVC Investimentos, Ultrapar’s venture capital fund, and follow-on from Anjos do Brasil, Columbia…
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(Forbes Peru) Fen Ventures and Innogen Venture Capital led a USD7m equity and debt seed round for Wynwood House, a Peru-based apartment rental startup. FEN Ventures and Innogen Lead USD7m…
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(Empresas & Negócios) Canary led a ~USD4m seed round for Lastro, a Brazilian payment collection and contract management platform for rental properties, with participation from QED Investors and 1Sharpe Ventures.…
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(Forbes) US-based investor Princeville Capital led a USD70m Series D+ for Chilean foodtech NotCo, with participation from KASZEK, Tiger Global, Bezos Expeditions, L Catterton and angel Marcos Galperin (MercadoLibre) at…
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(Valor Econômico) Alexia Ventures led a USD16.5m round for Seedz, Brazilian loyalty platform for rural producers, with participation from VOX Capital and Endeavor Scale-Up, and follow-on from Parceiro Ventures. Alexia…
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(Brazil Journal) Gerdau Next Ventures and Inovabra, the corporate venture arm of Bradesco, led a BRL110m (~USD21m) Series B for Docket, a Brazil-based legal document analysis platform, with participation from…
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(LatamList) Urban Innovation Fund led a USD4.4m seed round for Plenna, a Mexico-based women’s healthcare platform, with participation from Collaborative, 1984, Bridge Latam, Amador Holdings, Nido Ventures, Integra Groupe and…
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Starboard Partners sold an ~11% stake in Brazilian oil & gas company 3R Petroleum through a block trade. Starboard retains an 11.25% stake in the company. (Nasdaq) SAO PAULO, Feb…
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BlackRock announced the closing of its COP2.5b fund focused on financing public-private partnership projects in Colombia with the goal of promoting the development of transportation infrastructure in the country. (Mintransporte)…
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Generate Capital invested BRL403m (~USD71.4m) in Conasa Infraestructura, an owner and operator of concessions in water, wastewater sanitation, highway and public lighting across Brazil. (Conasa Infraestructura | Generate Capital) LONDRINA,…
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Vinci Partners acquired Brazil-based port terminal Porto Pontal from JCR Group for an undisclosed amount. The fund plans to invest BRL3b (~USD526m) in the project. (Valor International) Vinci Partners has…
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GSS Inmobiliario I reached a USD29.7m final close. The fund will invest in new residential development projects in Argentina. Read more at Global Legal Chronicles. GSS Inmobiliario I Reaches USD29.7m…
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Actis exited Echoenergia, a Brazil-based developer of electricity generation projects from renewable energy sources, via a BRL6.65b sale to Equatorial Energia. (Brazil Journal) A Equatorial Energia acaba de comprar a…
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Susi Partners signed an agreement with BIWO Renovables and Latsolar Energy Investments to acquire a portfolio of distributed renewable energy assets in Chile for an undisclosed amount. (Private Equity Wire)…
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Appian Capital Advisory agreed to sell Brazilian battery metals-focused companies Atlantic Nickel and Mineração Vale Verde to Sibanye-Stillwater for USD1b and an additional 5% NSR royalty on production from the…
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CPP Investments and the Votorantim Group consolidated several Brazilian energy assets and will create a new combined company to be listed on the B3 Stock Exchange. CPP Investments CP will…
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A fund managed by Ameris Capital, fully exited its stake in Calcurrupe Desarrollo, via a ~USD36.5m sale to Inmobiliaria Rio Bueno. Calcurrupe Desarrollo SpA is developing 6 real estate projects…
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Vinci Partners, through its Vinci Shopping Centers real estate fund, acquired stakes in four Ancar Ivanhoe shopping malls in Brazil for BRL659.5m. (Suno) O fundo imobiliário Vinci Shopping Centers (VISC11)…
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Blue Macaw and Catuaí Asset acquired six floors of the Pátio Malzoni building in São Paulo, Brazil for BRL365m. (Valor Econômico) Fundo imobiliário criado pelas gestoras Blue Macaw e Catuaí…
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Brookfield fully exited its 34% stake in Chile-based Autopista Vespucio Norte and Túnel de San Cristóbal concessions via a EUR340m (~USD402m) sale to Spain-based Globalvía. (American Retail) The Spanish concessionaire Globalvía is…
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Fram Capital agreed to acquire Brazil-based Jorge Lacerda Thermoelectric Complex from ENGIE Brasil Energia for up to BRL325m. (ENGIE) Following approval by the Company’s Board of Directors, on August 30th,…
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Vinci Partners reached a BRL384m second close for Vinci Infraestrutura Água e Saneamento Fundo de Participações em Infraestrutura (VIAS) fund, which will focus on investing private capital into the privatization…
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Brookfield acquired Aldo Solar, a distributor of solar home generators in Brazil, for an undisclosed amount. The closing is scheduled for the end of August. (Brazil Journal) Um fundo de…
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IG4 Capital, through IG4 Private Equity Fund II and managed accounts, acquired a 33.87% stake in Aenza, a Peru-based infrastructure platform, for USD58m. IG4 Capital, now the company’s largest shareholder,…
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GLP reached a BRL2.6b final close for its GLP Brazil Development Partners II, a logistics-focused vehicle that will develop nine Class-A logistics parks in São Paulo submarkets. (GLP) GLP today…
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I Squared Capital, through its ISQ Global Infrastructure Fund III and ISQ Growth Markets Infrastructure Fund, agreed to acquire KIO Networks, a digital infrastructure service provider in Mexico, for an…
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Mexico Infrastructure Partners, an investment fund manager specialized in infrastructure and energy sectors, issued its first investment trust in energy and infrastructure (Fibra E) in the Mexican Stock Exchange and…
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Infraestructura en Colombia CAF-AM Ashmore I, a fund managed by CAF Asset Management and Ashmore Group, provided a USD75m senior loan to Autopista Río Magdalena, a Colombian concession company and…
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I Squared Capital acquired ~78% stake in port operator Sociedad Portuaria Puerto de Barranquilla for USD220m, providing an exit for Chilean Southern Cross Group. (El Tiempo) a empresa estadounidense I…
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Patria, through its Patria Infrastructure Fund IV, invested USD345m in two road concessions in Colombia, Malla Vial del Valle (Rutas del Valle) and Santa-Mocoa-Neiva (Ruta al Sur). (Press Release) Patria…
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Riverstone Holdings acquired a controlling stake in Energía Real, a Mexican commercial and industrial solar distributed generation platform, and committed capital for growth. The total commitment will allow Energía Real…
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KKR agreed to invest ~USD500m in Telefónica Colombia, a subsidiary of Spain-based telecom group Telefónica, to create Colombia’s first nationwide open access fiber optic network. (Press Release) KKR, a leading…