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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DILA Capital led an undisclosed Series A in payments platform Kushki, with participation from KaszeK Ventures, Magma Partners, Clocktower Ventures and Conexo. (Contxto) Ecuadorian/Colombian Kushki closed its Series A for an undisclosed…
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Capital Invent led a MX$27.6m round in Dev.f, a Mexican edtech for programmers. (Press Release) Dev.f, a Mexican Edtech Startup, raise investment round to increase the number of programmers in…
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Brazil-focused special situations fund manager IG4 Capital Partners reached a USD231.5m final close for its Private Equity Fund II. IG4 has also raised additional co-investment commitments for the recently created…
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Brazilian consumer orthodontics startup SouSmile raised a US$10m Series A from Global Founders Capital, KaszeK Ventures and Canary. (TechCrunch) Amid expectations that early-stage funding and valuations will decline due to…
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Credijusto raised US$100m in debt financing from Credit Suisse Group. Credijusto separately raised US$100m in debt from Goldman Sachs in 2019. (Contxto) Banks have been long-known to be slow and hesitant to tender loans to small…
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Argentine car marketplace Karvi raised US$3m from Pelham Capital and other investors. (Contxto) Argentina’s online platform for cars, Karvi, raised an investment for US$3 million and let the world know last…
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Brazilian healthtech VivaBem raised US$2.5m from Webrock Ventures and Doktor.se, Sweden’s leading telemedicine provider, to expand digital primary care services in Brazil. (Press Release) Brazilian digital health tech start-up, VivaBem,…
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monashees and Class5 Global led a US$8.8m investment in TrueHome, a Mexican real estate platform, with participation from FJ Labs and follow-on from Mountain Nazca. (Crunchbase) The real estate space…
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French multinational Michelin acquired Teak Capital-backed ConVeyBelts, a manufacturer of conveyor belts used in the mining, steel, and transportation areas. (Fusões & Aquisições) Multinacional francesa compra brasileira ConVeyBelts, produtora de…
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US private equity firm Warburg Pincus invests US$63.5m in Grupo Superlógica, a Brazil-based IT company with a focus on real estate and financial services. The investment will focus in technology…
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VTRM Energia, a joint venture between The Canada Pension Plan Investment Board (CPPIB) and Votorantim Energia, has received authorization from CADE to acquire 14 wind projects in northeastern Brazil. (Reuters)…
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Entrepreneur Launches PE-firm SMZTO Participacoes em Negocios & SMZ FIP Multiestrategia Raises B$50m
José Carlos Semenzato, founder of the Instituto Embelleze and partner of Espaço Laser, launched PE-firm SMZTO Participacoes em Negocios. SMZ FIP Multiestrategia, its first fund, raised B$50m (US$10.3m) from eight…
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Barn Investments made an undisclosed investment in Smilink, a Brazilian orthodontics startup. (Press Release) Dear colleagues, friends and investors, In turbulent times such as the one that we are living,…
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Private-equity firm Vinci Partners bought a minority stake in Pernambuco’s AFC Soluções Ambientais, an industrial and commercial waste management company. (Valor Econômico) A gestora de fundos de private equity Vinci…
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Telefonica, through its Innovation Ventures, made an undisclosed investment in Brazilian VC Redpoint eventures. (Medium) Novas diretrizes da estratégia global de inovação aberta da Telefónica reforçam a relevância do mercado…
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Aurus and ChileGlobal Ventures (through itsCLIN fund) made an undisclosed investment in TIMining, a Chilean intelligent mining platform. (Contxto) Chilean startup, TIMining, has its eye on the wider world after raising…
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Aqualia, water subsidiary of citizen service group FCC and Australian investment fund IMF, acquires 13 water concessions in Colombia, the third largest market for the group after Spain and the…
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ARC Partners and Ithaca Capital have jointly acquired the W Hotel Bogotá for US$40m. This is the second joint venture for the two firms, who previously acquired the JW Marriot…
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Quona Capital closed its second fund with US$203m in commitments. The fund’s anchor investor, sponsor, and general partner is Accion and the capital will be used to target financial inclusion…
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Nexxus Capital exited El Farolito, restaurant franchise in Mexico, via an strategic sale to Grupo Gigante. The transaction was undisclosed. (El Financiero) Grupo Gigante anunció este miércoles la adquisición de…
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FKS Group, agribusiness multinational based in Singapore, acquired 49% stake in Tiete Agroindustrial from Proterra Investment Partners. (Fusões & Aquisições) O Grupo FKS, multinacional de agronegócios sediada em Cingapura, comprou 51%…
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Pátria Investimentos, through the holding company Terraverde, backed Lavoro Agrocomercial to acquire Central Agrícola, a company that sells seeds, fertilizers, and pesticides. The transaction was approved by CADE and the…
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Vinci Partners, RBR Asset Management, and BRL Trust Distribuidora de Valores acquire real estate assets from PE-backed Global Logistic Properties (GLP) for R$590m (US$128m). (Valor Econômico) A Global Logistic Properties…
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OLX, a global classifieds marketplace backed by Naspers, has made a R$2.9b (~US$642m) all cash offer to acquire Brazilian real estate classifieds platform GrupoZAP, subject to approval by CADE. VivaReal…
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Patria-backed real estate company Alphaville Urbanismo filed for an IPO. The details of the transaction are undisclosed. (Reuters) Brazilian real estate company Alphaville Urbanismo SA filed for an initial public…
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Brazil-focused special situations fund manager IG4 Capital Partners reached a USD231.5m final close for its Private Equity Fund II. IG4 has also raised additional co-investment commitments for the recently created…
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French multinational Michelin acquired Teak Capital-backed ConVeyBelts, a manufacturer of conveyor belts used in the mining, steel, and transportation areas. (Fusões & Aquisições) Multinacional francesa compra brasileira ConVeyBelts, produtora de…
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US private equity firm Warburg Pincus invests US$63.5m in Grupo Superlógica, a Brazil-based IT company with a focus on real estate and financial services. The investment will focus in technology…
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Entrepreneur Launches PE-firm SMZTO Participacoes em Negocios & SMZ FIP Multiestrategia Raises B$50m
José Carlos Semenzato, founder of the Instituto Embelleze and partner of Espaço Laser, launched PE-firm SMZTO Participacoes em Negocios. SMZ FIP Multiestrategia, its first fund, raised B$50m (US$10.3m) from eight…
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Private-equity firm Vinci Partners bought a minority stake in Pernambuco’s AFC Soluções Ambientais, an industrial and commercial waste management company. (Valor Econômico) A gestora de fundos de private equity Vinci…
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Nexxus Capital exited El Farolito, restaurant franchise in Mexico, via an strategic sale to Grupo Gigante. The transaction was undisclosed. (El Financiero) Grupo Gigante anunció este miércoles la adquisición de…
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FKS Group, agribusiness multinational based in Singapore, acquired 49% stake in Tiete Agroindustrial from Proterra Investment Partners. (Fusões & Aquisições) O Grupo FKS, multinacional de agronegócios sediada em Cingapura, comprou 51%…
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Pátria Investimentos, through the holding company Terraverde, backed Lavoro Agrocomercial to acquire Central Agrícola, a company that sells seeds, fertilizers, and pesticides. The transaction was approved by CADE and the…
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XP Investimentos listed its first private equity FIP, fund raising BR$1.264b from more than 5,000 investors from Brazil each investing a minimum of BR$150k. (Valor Econômico) A XP concluiu na…
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The Brazilian subsidiary of Orpea, a France-based long-term care provider, increased its equity stake in Brazil Senior Living (BSL), a joint venture between Orpea and Patria Investments, to 50%. (Global…
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Cicero Impact Capital and Promotora Social México made a US$4m debt investment in Medica San Carmen. The investment will be used for national expansion, marketing, technology, and operational expenses. (Press…
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Americold Realty Trust has agreed to acquire a 15% stake in SuperFrio Armazéns Gerais, a Brazilian cold storage operator owned by Patria Investimentos, for US$28m. (Comercial Property Executive) Americold Realty…
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Private Equity manager Kinea, the alternative asset management subsidiary of Brazil-based financial services group Itaú, acquires minority stake in Matera, a brazilian technology solutions company, for R$100m. (Valor Econômico) A…
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China’s Fosun International will reduce its stake in two financial firms in Brazil: Rio Bravo and Guide Investimentos. (Reuters) China’s Fosun International Ltd (0656.HK) has decided to cut stakes or…
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Sygnus and Sagicor launch US$100m fund for the Caribbean alternative investment market. The fund is the third venture dedicated to private equity, private credit, and real estate. (Jamaica Observer) Sygnus…
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Darby, emerging market private capital arm of Franklin Templeton, has completed a debt investment in Bloom Farms, Mexican blueberry producer located in Jalisco. Transaction details were not disclosed. (Press Release)…
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Advent International completed the sale of stake in OCENSA, a Colombian oil pipeline, to fund manager I Squared Capital through its ISQ Global Infrastructure Fund. (Press Release) I Squared Capital,…
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Crescera Investimentos will exit educational company Afya via a follow-on investment. (Yahoo Finance) Afya Limited, or Afya (AFYA), today announced that it has launched a proposed follow-on public offering of 11,521,740…
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H.I.G. Capital-backed Eletromidia, a Brazilian advertising platform acquired Victoria Capital’s Elemidia. This transaction represented an exit for Victoria Capital. (Valor Econômico) A Eletromidia e a Elemidia, segunda e terceira maiores…
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Alta Growth Capital and Northgate Capital acquired a majority equity interest in USK Urresko Holding, a Mexican manufacturer of heavy trucks. The amount of the transaction was undisclosed. (Amexcap) Northgate…
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Brookfield Asset Management has received approval from CADE to begin construction on solar energy projects in the Brazilian state of Ceará. The projects will have a combined capacity to produce…
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Leblon Equities Partners will exit Priner Serviços Industriais via a public offering of primary and secondary shares. The transaction offer is ~R$ 300m. (Yahoo Notícias) A Priner Serviços Industriais anunciou…
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Perfin Apollo Energia Investment Fund in Participations in Infrastructure (PFIN11) raised R$1b to invest in the electricity transmission sector. The Brazilian stock market-listed FIP’s portfolio consists of six power transmission…
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Nexxus Capital has appointed Christianne Ibañez as head of Investor Relations. (Press Release) Nexxus has appointed Christianne Ibañez as head of Investor Relations. Ibañez has extensive experience in the financial…
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Mexico’s Promecap Capital launched its third CKD for US$320m on the Mexican Stock Exchange. (Amexcap) El pasado miércoles 15 de enero, Promecap Capital de Desarrollo, S.A. de C.V. (“Promecap”) emitió…
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DILA Capital led an undisclosed Series A in payments platform Kushki, with participation from KaszeK Ventures, Magma Partners, Clocktower Ventures and Conexo. (Contxto) Ecuadorian/Colombian Kushki closed its Series A for an undisclosed…
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Capital Invent led a MX$27.6m round in Dev.f, a Mexican edtech for programmers. (Press Release) Dev.f, a Mexican Edtech Startup, raise investment round to increase the number of programmers in…
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Brazilian consumer orthodontics startup SouSmile raised a US$10m Series A from Global Founders Capital, KaszeK Ventures and Canary. (TechCrunch) Amid expectations that early-stage funding and valuations will decline due to…
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Credijusto raised US$100m in debt financing from Credit Suisse Group. Credijusto separately raised US$100m in debt from Goldman Sachs in 2019. (Contxto) Banks have been long-known to be slow and hesitant to tender loans to small…
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Argentine car marketplace Karvi raised US$3m from Pelham Capital and other investors. (Contxto) Argentina’s online platform for cars, Karvi, raised an investment for US$3 million and let the world know last…
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Brazilian healthtech VivaBem raised US$2.5m from Webrock Ventures and Doktor.se, Sweden’s leading telemedicine provider, to expand digital primary care services in Brazil. (Press Release) Brazilian digital health tech start-up, VivaBem,…
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monashees and Class5 Global led a US$8.8m investment in TrueHome, a Mexican real estate platform, with participation from FJ Labs and follow-on from Mountain Nazca. (Crunchbase) The real estate space…
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Barn Investments made an undisclosed investment in Smilink, a Brazilian orthodontics startup. (Press Release) Dear colleagues, friends and investors, In turbulent times such as the one that we are living,…
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Telefonica, through its Innovation Ventures, made an undisclosed investment in Brazilian VC Redpoint eventures. (Medium) Novas diretrizes da estratégia global de inovação aberta da Telefónica reforçam a relevância do mercado…
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Aurus and ChileGlobal Ventures (through itsCLIN fund) made an undisclosed investment in TIMining, a Chilean intelligent mining platform. (Contxto) Chilean startup, TIMining, has its eye on the wider world after raising…
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Quona Capital closed its second fund with US$203m in commitments. The fund’s anchor investor, sponsor, and general partner is Accion and the capital will be used to target financial inclusion…
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OLX, a global classifieds marketplace backed by Naspers, has made a R$2.9b (~US$642m) all cash offer to acquire Brazilian real estate classifieds platform GrupoZAP, subject to approval by CADE. VivaReal…
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NXTP Ventures led a R$6m seed investment in Kangu, a Brazilian delivery logistics startup. (Press Release) Kangu, a vertically integrated network of drop-off and pick-up points for e-commerce logistics in…
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ChileGlobal Ventures led a US$800k investment in Chilean agtech PolyNatural, with participation from Alerce and The Yield Lab. PolyNatural is developing natural product alternatives to extend the shelf life of…
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Magma Partners closed its third fund with US$50m in commitments, including US$4m from IDB Lab, to invest in Latin American startups. (LatAm List) Magma Partners, an early-stage investment firm with…
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XP led a R$380m investment in Vai.Car, a Brazilian car rental platform, with participation from BMG and Bossa Nova Investimentos. (Startupi) A Vai.Car, startup de aluguel de veículos, recebeu um…
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Adobe Capital made an undisclosed investment in Puntored, a Colombian digital payments platform. (Contxto) Colombian fintech, Puntored, will be investing just shy of US$6 million (COP$20 billion) into strengthening its…
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Telor and Morcote Holdings led a R$5.5m investment in Click Cash, a Brazilian personal credit app. (Startupi) O aplicativo ClickCash levantou o montante de 1,2 milhões de euros (R$ 5,5…
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Atlantico led a R$42m investment in Trybe, a Brazilian edtech focused on the development of software skills, with participation from Canary, Global Founders Capital and Norte, with follow-on from e.bricks…
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QED Investors closed its sixth fund with US$350m in commitments. QED’s Latin America portfolio includes Nubank, QuintoAndar, Creditas, Konfio and others (Press Release) QED Investors Closes $350 Million Fund VI…
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Cicero Impact Capital and Promotora Social Mexico will invest up to US$4m in Medica Santa Carmen, a Mexican network of dialysis clinics. ALLVP invested previously. (Press Release) Médica Santa Carmen…
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Redpoint eventures and DNA Capital, the corporate venture arm of DASA, led a US$4.5m investment in Memed, a Brazilian digital prescription platform. Qualcomm Ventures, monashees and Redpoint invested previously. (Press…
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Angel Ventures and Fen Ventures led a US$600k seed investment in Get on Board, a Chilean platform for tech jobs, with participation from 500 Startups San Francisco, 500 Startups Mexico…
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KaszeK Ventures led a US$8.7m Series A in Ayenda Rooms, a Colombian hotel brand that received seed investment from SoftBank in 2019. (Skift) The Indian company Oyo popularized the concept…
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e.bricks Ventures made an undisclosed seed investment in Conexa Saúde, a Brazilian telemedicine platform. (NeoFeed) Desde que anunciou a criação de seu Fundo III, com R$ 450 milhões para investir…
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VTRM Energia, a joint venture between The Canada Pension Plan Investment Board (CPPIB) and Votorantim Energia, has received authorization from CADE to acquire 14 wind projects in northeastern Brazil. (Reuters)…
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Aqualia, water subsidiary of citizen service group FCC and Australian investment fund IMF, acquires 13 water concessions in Colombia, the third largest market for the group after Spain and the…
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ARC Partners and Ithaca Capital have jointly acquired the W Hotel Bogotá for US$40m. This is the second joint venture for the two firms, who previously acquired the JW Marriot…
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Vinci Partners, RBR Asset Management, and BRL Trust Distribuidora de Valores acquire real estate assets from PE-backed Global Logistic Properties (GLP) for R$590m (US$128m). (Valor Econômico) A Global Logistic Properties…
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Patria-backed real estate company Alphaville Urbanismo filed for an IPO. The details of the transaction are undisclosed. (Reuters) Brazilian real estate company Alphaville Urbanismo SA filed for an initial public…
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Private equity manager Starboard Restructuring Partners, acquired Oil & Gas provider Ouro Preto. The transaction was undisclosed. (Valor Econômico) Starboard Restructuring Partners, gestora de private equity, concluiu a compra de…
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Global investment firm Colony Capital-backed Selina, a community-focused lifestyle group, will invest US$150m into Mexico Hotel pipeline. The cities in Mexico include San Miguel de Allende, Sayulita, San Cristóbal de…
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Monte Equity Partners, in its first fund dedicated to infrastructure, signed to acquire a stake in three highway concessionaires in the Northeast of Brazil. The amount of the transaction was…
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Real Infrastructure Capital Partners will finalize the construction of the Sonsonate Solar photovoltaic plant, a 13 MW project located in Acajutla, El Salvador. Real Infrastructure Capital Partners became the second…
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German Development Bank KfW Invested US$31m in Genneia, an Argentine renewable energy company that operates two wind power projects including Pomona II, which is already running, and Chubut Norte II,…
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Real Estate investment firm Hemisfério Sul Investimentos has purchased the Hotel Hilton in São Paulo from Park Intermediate Holdings. The transaction was made jointly with GIC Realty, for R$150m. (Valor…
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Grupo IGS acquired the South Park Complex in Mexico. The amount of the transaction was undisclosed. (Investing.com) Grupo Desarrollador IGS, un fondo de inversión especializado en bienes raíces y propietaria…
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Vinci Shopping Centers Real Estate Investment fund, administered by Vinci Partners raised R$480m via an offering on the Brazilian stock exchange. (Money Times) A Vinci Partners divulgou ao mercado o…
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Brookfield Asset Management has received approval from CADE to begin construction on solar energy projects in the Brazilian state of Ceará. The projects will have a combined capacity to produce…
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Patria Investimentos to acquire real estate asset for R$ 27.5m of the building Vila Olimpia Corporate. (Money Times) A Pátria Investimentos e o Modal, respectivamente nas funções de gestora e…
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Real estate credit marketplace Melhortaxa raised ~R$4.5m from the private equity arm of Goldman Sachs at a reported valuation of R$100m. This is Goldman’s third investment in Melhortaxa through Holding…
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Canadian Asset Manager ICM (ICM Inmobilien) and Mexican developer of industrial spaces Alveo Kapital, formed a joint venture to build Kampus Industrial Santa Rosa, in Guadalajara, Mexico. (Press Release) ICM Asset…
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Brazilian proptech Loft raised a R$216m Fundo de Investimento Imobiliário (FII) fund to finance the purchase of ~1,200 properties over the next two years. The fund was distributed by Credit…
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Cyrela and CPPIB’s joint venture bought two towers in the JK Iguatemi Complex in São Paulo for R$1.05b. One of the towers is the headquarters of Amazon Brazil. (Brazil Journal)…
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Grupo Pegasus investment vehicle Colvalor, exits controlling stake in Parque Alegra, a shopping mall in Barranquilla, to Parque Arauco. The total investment will be ~US$34m. (Press Release) Parque Arauco closed…
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Chilean-Colombian financial firm Avante Financial Group acquired two retirement facilities in Santiago, from Ambar Residence Group for ~US$35.5m. (Press Release) Avante Financial Group, a Chilean-Colombian private equity firm, on the…
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Mexican industrial real estate developer Finsa plans to launch its third CKD on the Mexican stock exchange next year hoping to raise MXN$10b. (El Economista) La desarrolladora inmobiliaria anunció ayer…
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Walton Street Capital investment fund and Fibra Uno acquired a portfolio of 74 industrial buildings for US$841m developed by Finsa in Mexico. (El Financiero) Fibra Uno concretó la compra inmobiliaria…
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Canada Pension Plan Investment Board (CPPIB) and Cyrela Brazil Realty will create a joint venture to invest R$1b to develop a portfolio of residential properties in the southeast region of…
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CDPQ’s Brazilian affiliate Ancar Ivanhoe sold a 45% stake in Natal Shopping, a shopping mall in Natal to a real estate fund controlled by XP Investimentos. Ancar Invanhoe will retain…