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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Mexican car resale marketplace Kavak raised a USD700m Series E led by General Catalyst, with participation from Tiger Global, SoftBank, Ribbit Capital, Spruce House, D1 Capital, SEA and Founders Fund…
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Blue like an Orange Sustainable Capital invested MXN150m in mezzanine financing in Alivia Clinica de Alta Especialidad, a Mexico-based clinic for infusion and specialty pharmacy treatments for patients with oncological…
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Macquarie Asset Management and Grupo Argos agreed to create a USD1.15b road infrastructure investment fund in Colombia, Peru and Chile. (Nasdaq) BOGOTA, Sept 2 (Reuters) – Colombian industrial conglomerate Grupo Argos ARG.CN and Australia’s Macquarie…
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IDB Invest, Citi and DFC invested USD30m in Consejo de Asistencia al Microemprendedor (CAME), a Mexico-based microfinance institution and a subsidiary of PC Capital-backed Te Creemos Holding. (Press Release) On…
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Atrato, a Mexican lending platform enabling installment payments for retail brands and SMEs, secured a USD15m credit line from Architect Capital. Accel led a USD2.7m round in May. (Forbes Mexico)…
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Raiz Investimentos, the FO of Sem Parar Founder Ivan Toledo, led a USD20m round for Pier, a Brazilian insurtech for smartphones and vehicles, with follow-on from Canary, monashees, BTG Pactual…
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Jeeves, a US-based expense management platform for startups with operations in Mexico, Colombia, Brazil and Chile, raised a USD57m Series B led by CRV, with participation from Silicon Valley Bank,…
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KASZEK and monashees led a ~USD9m seed round for TruePay, a Brazilian vendor financing platform for small and medium retailers, with participation from GFC and ONEVC. TruePay was founded by…
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ZigPay, a Brazilian payment platform for bars and restaurants raised ~USD8m from angels Edgard and Diogo Corona (SmartFit) and Ricardo Goldfarb (Lojas Marisa). (Baguete) – A ZigPay, fintech especializada em…
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UK-based VC Anthemis and 500 led a USD20m Series A for Flat.mx, a Mexican proptech focused on the purchase, renovation, and resale of residential real estate, with participation from Expa,…
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GIC and the Carlyle Group sold 37 million shares of Brazil-based hospital network Rede D’Or via a block trade for BRL2.6b (~USD500m). (Brazil Journal) GIC e Carlyle venderam hoje um…
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General Catalyst led a USD20m Series A for Osana Salud, an Argentine infrastructure developer for telehealth, pharmacy and diagnostics platforms, with participation from Quiet Capital, Preface Ventures, FJ Labs, AforeVC…
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FiBrasil Infraestrutura e Fibra Otica (FiBrasil), the Brazil-based infrastructure company co-owned by Telefonica and CDPQ, acquired Brazilian fiber company Fiberty 1 (formerly Phoenix Fiber do Brasil) from Blackstone. (Dgtl Infra) FiBrasil…
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Trivest Partners, through its Growth Investment Fund II, invested an undisclosed amount in Veritran, an Argentina-based, low-code platform, at a reported USD225m valuation. (Veritran) CORAL GABLES, Fla., Aug. 30, 2021 /PRNewswire/ —…
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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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BRZ Investimentos-backed Vittia Fertilizantes, a Brazilian biotechnology and agricultural inputs company, raised BRL436m in its IPO on the B3. BRZ exited via a secondary offering that represented roughly 70% of…
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ACON Investments will acquire up to 15% of Mexican manager Actinver through the subscription of convertible bonds for an undisclosed amount. (Press Release) Ciudad de México, – 30 de agosto…
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Iporanga Ventures led a ~USD720k pre-seed round for Abstra, a Brazilian no-code app development environment for corporates, with participation from YC. (Press Release) – Democratizar a programação, possibilitando a mais…
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DOMO invested ~USD1m in Flix, a Brazilian digital home insurance platform. (Startupi) – Com o aquecimento do mercado de insurtechs, a Flix, seguradora 100% digital com foco na venda de seguros e…
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The Yield Lab led a USD750k seed round for Space AG, a Peruvian drone and satellite image analytics platform for crop management, with participation from Winnipeg Capital. (Redagricola) – La…
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ALLVP and Vine Ventures led a USD6m round for Kocomo, a Mexican vacation home co-ownership platform, with participation from Picus Capital, QED Investors, FJ Labs, Clocktower Technology Ventures and JAWS,…
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Riverwood Capital led a USD150m round for Petlove&Co, a Brazilian products and services platform for pets, with participation from monashees, Tarpon, SoftBank, L Catterton and Porto Segur. Petlove&Co resulted from…
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UVC, the CVC arm of Grupo Ultra, invested ~USD1.16m in RoutEasy, a Brazilian route optimization platform for last-mile delivery companies. (Baguete) – A RoutEasy, logtech focada em inteligência artificial para…
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Big Bets Leads USD1.7m Seed Round for Brazilian Design Optimization Platform DataMilk (em português)
Big Bets led a USD1.7m seed round for DataMilk, a Brazilian design optimization platform for e-commerce sites, with participation from UK VC RTP Global and angels Mariano Gomide de Faria…
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ZoomAgri, an Argentine quality analysis platform for agricultural commodities, raised a USD3.3m Series A from SP Ventures, Glocal, Artesian and GrainInnovate. (LABS News) – A agtech argentina ZoomAgri, startup de inteligência…
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Blue like an Orange Sustainable Capital invested MXN150m in mezzanine financing in Alivia Clinica de Alta Especialidad, a Mexico-based clinic for infusion and specialty pharmacy treatments for patients with oncological…
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IDB Invest, Citi and DFC invested USD30m in Consejo de Asistencia al Microemprendedor (CAME), a Mexico-based microfinance institution and a subsidiary of PC Capital-backed Te Creemos Holding. (Press Release) On…
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GIC and the Carlyle Group sold 37 million shares of Brazil-based hospital network Rede D’Or via a block trade for BRL2.6b (~USD500m). (Brazil Journal) GIC e Carlyle venderam hoje um…
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Trivest Partners, through its Growth Investment Fund II, invested an undisclosed amount in Veritran, an Argentina-based, low-code platform, at a reported USD225m valuation. (Veritran) CORAL GABLES, Fla., Aug. 30, 2021 /PRNewswire/ —…
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BRZ Investimentos-backed Vittia Fertilizantes, a Brazilian biotechnology and agricultural inputs company, raised BRL436m in its IPO on the B3. BRZ exited via a secondary offering that represented roughly 70% of…
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ACON Investments will acquire up to 15% of Mexican manager Actinver through the subscription of convertible bonds for an undisclosed amount. (Press Release) Ciudad de México, – 30 de agosto…
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Patria Investments Limited announced an agreement for the full divestment of Centro de Imagem Diagnosticos S.A.(“Alliar”), a Brazil-based provider of healthcare services, to businessman Nelson Tanure. The Transaction encompasses the…
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Brazilian retailer Lojas Americanas SA acquired grocery chain Hortifruti Natural da Terra for USD402m. (Press Release) – Partners Group, a leading global private markets firm, has agreed, on behalf of…
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Vinci Partners, through Vinci Impacto e Retorno IV, acquired a 40.9% stake in Transpotech, a Brazilian company operating in the B2B services sector. (Press Release) – Vinci Partners Investments Ltd.…
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HIG Capital-backed Kora Saude, a Brazilian hospital chain, raised BRL769.9m in its IPO on the B3. Capital was raised via a restricted offering. (Press Release) – KORA SAÚDE PARTICIPAÇÕES S.A.…
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H.I.G.’s Viveo, a Brazil-based distributor of medicines and medical supplies, raised BRL2.25b in its IPO on the B3. Siguler Guff, Dynamo, GIC, Brasil Capital and Equitas Capital took stake in…
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IFC and existing investor Alta Growth Capital invested USD9.8m in Mexico-based higher education company Lottus Education. (IFC) México City, México, August 5th, 2021. The International Finance Corporation (IFC), member of…
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Petz, a Brazilian pet products retailer backed by Warburg Pincus, acquired Brazilian marketplace for pet goods Zee.Dog for BRL715m, facilitating an exit for TreeCorp Investimentos, Quartz, Atmos Capital and Charles…
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Petz, a Brazilian pet products retailer backed by Warburg Pincus, acquired Brazilian marketplace for pet goods Zee.Dog for BRL715m, facilitating an exit for TreeCorp Investimentos, Quartz, Atmos Capital and Charles…
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XPAC Acquisition Corp, a SPAC formed by XP Investimentos, raised USD200m in an initial public offering on the Nasdaq. The SPAC is interested in Brazilian companies in the healthcare, financial…
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Gávea Investimentos’ Speed fund partially exited Armac, a Brazilian equipment rental company for agribusiness, mining and infrastructure, via the company’s BRL1.5b IPO on the B3. The secondary offering raised BRL532m.…
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Stonepeak agreed to acquire the Latin American operations of Lumen Technologies for USD2.7b. (Press Release) Lumen Technologies (NYSE: LUMN) and Stonepeak today announced the signing of a definitive agreement for…
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Aqua Capital’s AgroGalaxy, a holding company bringing together Aqua Capital’s agribusinesses, raised BRL349.9m in its IPO on São Paulo Stock Exchange. (Money Invest) SÃO PAULO – A varejista de insumos agrícolas…
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FIR Capital acquired 30% stake in pet health insurance company Plamev Pet, with participation from Duxx Investimentos, Health Invest and VS1 Capital. The amount was undisclosed. (Valor Econômico) Com uma…
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2bcapital-backed WDC Networks (Livetech da Bahia Indústria e Comércio S.A.), a Brazilian distributor of information technology, telecommunication and solar energy solutions, raised BRL450.1m via IPO on the B3. (Press Release)…
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H.I.G. Capital-backed Desktop Sigmanet, a Brazil-based internet service provider, raised BRL715.2m in its IPO on the B3. (Valor Econômico) A provedora de internet Desktop Sigmanet protocolou na Comissão de Valores…
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GIC acquired a significant minority stake in Aqua Capital-backed Soluções Biológicas (Biotrop), a Brazilian biological agtech inputs company. The transaction is subject to approval. (Press Release) Private equity manager Aqua…
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Brazil-based e-commerce chain Magalu acquired KaBum!, a Brazil-based technology and e-commerce platform backed by Insight Partners, for up to BRL3.8b (~USD741m). As part of the agreement, Magalu invested BRL1b (~USD195m),…
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Brazil-based gym chain SmartFit raised at least BRL2.3b in its IPO. Existing investor CPP Investments converted preferred shares to common for a 12.4% interest in the company. CPP Investments originally…
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Colombia’s Kandeo exited Finsocial, a Colombia-based fintech focused on payroll deduction loans, via a sale to unnamed international investors. Kandeo invested in 2018. (La República) Los accionistas de la fintech…
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Mexican car resale marketplace Kavak raised a USD700m Series E led by General Catalyst, with participation from Tiger Global, SoftBank, Ribbit Capital, Spruce House, D1 Capital, SEA and Founders Fund…
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Atrato, a Mexican lending platform enabling installment payments for retail brands and SMEs, secured a USD15m credit line from Architect Capital. Accel led a USD2.7m round in May. (Forbes Mexico)…
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Raiz Investimentos, the FO of Sem Parar Founder Ivan Toledo, led a USD20m round for Pier, a Brazilian insurtech for smartphones and vehicles, with follow-on from Canary, monashees, BTG Pactual…
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Jeeves, a US-based expense management platform for startups with operations in Mexico, Colombia, Brazil and Chile, raised a USD57m Series B led by CRV, with participation from Silicon Valley Bank,…
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KASZEK and monashees led a ~USD9m seed round for TruePay, a Brazilian vendor financing platform for small and medium retailers, with participation from GFC and ONEVC. TruePay was founded by…
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ZigPay, a Brazilian payment platform for bars and restaurants raised ~USD8m from angels Edgard and Diogo Corona (SmartFit) and Ricardo Goldfarb (Lojas Marisa). (Baguete) – A ZigPay, fintech especializada em…
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UK-based VC Anthemis and 500 led a USD20m Series A for Flat.mx, a Mexican proptech focused on the purchase, renovation, and resale of residential real estate, with participation from Expa,…
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General Catalyst led a USD20m Series A for Osana Salud, an Argentine infrastructure developer for telehealth, pharmacy and diagnostics platforms, with participation from Quiet Capital, Preface Ventures, FJ Labs, AforeVC…
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Iporanga Ventures led a ~USD720k pre-seed round for Abstra, a Brazilian no-code app development environment for corporates, with participation from YC. (Press Release) – Democratizar a programação, possibilitando a mais…
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DOMO invested ~USD1m in Flix, a Brazilian digital home insurance platform. (Startupi) – Com o aquecimento do mercado de insurtechs, a Flix, seguradora 100% digital com foco na venda de seguros e…
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The Yield Lab led a USD750k seed round for Space AG, a Peruvian drone and satellite image analytics platform for crop management, with participation from Winnipeg Capital. (Redagricola) – La…
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ALLVP and Vine Ventures led a USD6m round for Kocomo, a Mexican vacation home co-ownership platform, with participation from Picus Capital, QED Investors, FJ Labs, Clocktower Technology Ventures and JAWS,…
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Riverwood Capital led a USD150m round for Petlove&Co, a Brazilian products and services platform for pets, with participation from monashees, Tarpon, SoftBank, L Catterton and Porto Segur. Petlove&Co resulted from…
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UVC, the CVC arm of Grupo Ultra, invested ~USD1.16m in RoutEasy, a Brazilian route optimization platform for last-mile delivery companies. (Baguete) – A RoutEasy, logtech focada em inteligência artificial para…
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Big Bets Leads USD1.7m Seed Round for Brazilian Design Optimization Platform DataMilk (em português)
Big Bets led a USD1.7m seed round for DataMilk, a Brazilian design optimization platform for e-commerce sites, with participation from UK VC RTP Global and angels Mariano Gomide de Faria…
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ZoomAgri, an Argentine quality analysis platform for agricultural commodities, raised a USD3.3m Series A from SP Ventures, Glocal, Artesian and GrainInnovate. (LABS News) – A agtech argentina ZoomAgri, startup de inteligência…
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Tuna, a Brazilian credit card and anti-fraud provider testing platform for e-commerce businesses, raised two seed rounds totalling USD3m from Canary and Atlantico. Tuna was founded by Peixe Urbano alums…
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Lightspeed led a USD57m Series B for Flink, a Mexican consumer trading platform, with participation from Mantis Venture Capital, and follow-on from ALLVP, Accel and Clocktower. Accel led a USD12m…
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Iporanga Ventures led a ~USD1.3m seed round for Klavi, a Brazilian open banking platform, with participation from Parallax Ventures. (Crania) – A Klavi, plataforma de open banking especializada em inteligência e…
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Kayyak Ventures led a USD7m Series A for wherEX, a Chilean RFP platform for sourcing industrial materials and services , with participation from Jaguar Ventures, FJ Labs and Tuesday Capital.…
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Brazilian growth equity fund X8 Investimentos invested ~USD3.6m in Vida Veg, a Brazilian plant-based meat and dairy producer. (Exame) – A gestora de investimentos em venture capital X8, dedicada a…
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Mercado Libre acquired a 1.25% stake in Aleph Group, a Miami- and Argentina-based content broker for social media platforms for USD25m. (La Nacion) – a publicidad digital aparece como una…
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Greenoaks and Tencent led a USD120m Series E+ for Brazilian proptech QuintoAndar at a reported USD5.1b valuation. Ribbit Capital led a USD300m Series E in May at a reported USD4b…
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Valor Capital Group and Prosus Ventures Lead USD104m Series B for Brazilian Rental Car Platform Kovi
Valor Capital Group and Prosus Ventures led a USD104m Series B for Kovi, a Brazilian subscription-based rental car platform for on-demand drivers, with participation from monashees, GFC, Quona Capital, Broadhaven…
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Grupo NotreDame Intermedica led a ~USD2m round for NeuralMed, a Brazilian medical record analysis platform for hospitals, with follow-on from IDB, Alexia Ventures, Norte Ventures and MG Tech Invest. NeuralMed…
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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…
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Global Infrastructure Partners (GIP) acquired a 49% stake in Chile Renovables, a renewable energy affiliate of Latin American power company AES Andes SA, for USD441m. (AES Andes) SANTIAGO JULY 15. AES…
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Susten Energia and BFL Administradora announced that they have teamed up to create a Participation Investment Fund (FIP) to raise BRL50m for clean energy and solar projects at its photovoltaic…
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Rutal al Sur (Santana-Mocoa-Neiva concession) is formally granted to Patria’s Rodovias Colombia with 70% and MC Victorias Tempranas S.A.S with 30% of the concession. (Press Release) Tras un arduo proceso…
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KKR acquired a majority stake in the fiber-optic network of Telefonica Chile in a transaction valued at USD1b. (Press release) Como continuación a la comunicación de fecha 2 de marzo…
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BTG Pactual exited Duna Energia via a sale to Brazilian oil and gas company 3R Petroleum, for USD71m. (Istoé Dinheiro) A 3R Petroleum Óleo e Gás assinou na segunda-feira, 21,…
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EIG-backed solar power plant Cerro Dominador has began its full operations following a successful synchronization with the Chilean National Electrical System. (Press Release) EIG, a leading institutional investor to the…
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Darby International Capital has sold its stake in Colombian oil pipeline Ocensa to Spain-base AI Candelaria for an undisclosed amount. (Press Release) Darby Colpatria Capital S.A.S. (“Darby Colpatria”), a joint…
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Fund manager with focus in mining Ore Investments has invested BRL30m in copper and gold project in the province of Carajás, in Pará, Brazil. (Conexão Mineral) A Ore Investments, primeira…
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Appian Capital Advisory has entered into an agreement to sell the Chile-base Caserones copper royalty to Nomad Royalty for USD23m. The transaction is subject to approval. (Press Release) Appian Capital…
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BTG Pactual’s Timberland Investment Group, alongside with Canada’s British Columbia Investment Management Corporation, and pension provider APG, have agreed to acquire Chilean timberland asset from Arauco for USD385.5m (BCI) New…
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Vinci Partners has announced a joint venture with investment company Chrimata to target agribusiness investments in Brazil. (Seeking Alpha) Vinci Partners Investments (NASDAQ:VINP) enters a joint venture with Chrimata, an investment company focused…
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Ontario Teachers’ Pension Plan (OTTP) has agreed to acquire a 100% interest in Brazil-based electricity transmission platform Evoltz from TPG for an undisclosed amount. (OTPP) Ontario Teachers’ Pension Plan Board…
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Brookfield and Itausa have acquired the remaining 10% of Nova Transportadora do Sudeste (NTS) gas pipeline from Brazil’s state-owned oil company Petrobras for BRL1.8b. Brookfield’s fund now will own 100%…