Exits

Blackstone-backed Pátria Investimentos has raised US$588m in a US IPO, with Blackstone reducing its stake to 14% for US$262m. Pátria will use the proceeds to launch new funds and expand…

Bain Capital plans to sell 54 million shares in Brazilian medical conglomerate Notre Dame Intermedica for around R$3.75b in a follow-on offering. (Trade Map) A NotreDame Intermédica comunicou ontem à…

InfraBrasil Fundo de Investimento em Participações and Fundo de Investimento em Participações Caixa Ambiental exited Renova Energia via a sale to Spectra Volpi Fundo de Investimento. With this deal, Spectra…

Aqua Capital exited Fertiláqua, a Brazilian plant nutrition firm, via a sale to ICL, an Israel-based specialty minerals and chemicals company for US$120m. (Press Release) ICL, a leading global specialty…

Advent-backed Grupo BIG, a Brazilian supermarket chain, filed for an initial public offering. Advent acquired 80% of  Walmart Inc’s operations in Brasil in 2018 renaming it a year later to…

I Squared Capital has exited Orazul Energy Perú, owner of companies Etenorte and Eteselva, which operate six transmission lines in Peru, via a US$158.5m sale to ISA Group. (Press Release)…

Confrapar exited Muxi Tecnologia via a sale to Conductor Tecnologia for an undisclosed amount.  (Global Legal Chronicle) Veirano Advogados and Mattos Filho advised on the deal. Conductor Tecnologia executed the…

GP Investimentos sold for R$1 its 33% stake in Beleza Natural, a beauty institute chain focusing on Class C consumers in Brazil. GP invested R$70m in the company in 2013. …

General Atlantic and XP Controle Participações, the founding holding company of XP, have filed for a secondary share offering of US$1b for up to 22.4m shares on Nasdaq. (Reuters) Brazilian…

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…