Alloy Merchant Finance agreed to invest up to MXN200m (~USD9.9m) in Podemos Progresar, a Mexico-based microfinance company, through a structured loan. (Press Release) Alloy Merchant Finance, LP (“Alloy”) will invest…
Financial Services
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Discovery Americas has invested in global edutainment space for children and families company KidZania. The amount of the transaction was undisclosed. (Press Release) Discovery Americas, the Mexico-focused private equity fund…
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Advent International Raises US$2b for LAPEF VII Fund
September 29, 2020Advent International has raised a US$2b final close for Advent Latin American Private Equity Fund VII (LAPEF VII). The vehicle will target investments in Brazil, Colombia, Mexico, and Peru across…
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Advent to Exit Brazilian Home Improvement Retailer Quero-Quero via IPO for up to R$1.9b
August 6, 2020Advent International has agreed to sell its 88% stake in Brazil-based home improvement retailer Lojas Quero-Quero via the company’s IPO for up to R$1.9b. Advent originally invested R$300m in the…
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KaszeK Ventures Leads a US$10m Investment in Cora
December 4, 2019KaszeK Ventures led a US$10m investment in Cora, a Brazilian fintech lending to small and medium businesses, with participation from Ribbit Capital. This is Cora’s first disclosed financing. (TechCrunch) It…
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CVC Capital Partners Announces Acquisition of Hermes (em português)
December 3, 2019CVC Capital Partners announced the acquisition of Hermes, a Peruvian cash management and security company, for US$270m. This is CVC’s second transaction in LatAm. (Brazil Journal) Em sua segunda transação…
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Patria Exits Supplier via Sale to Totvs for R$455m (em português)
October 29, 2019Patria Investimentos exited Brazilian enterprise resource planning company Supplier through a strategic sale to software company Totvs. The total deal value of the transaction was R$455m. (Brazil Journal) A Totvs…
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FTV Capital Makes a Follow-on Investment in EBANX – Now a Valuation of US$1b (em português)
October 16, 2019FTV Capital, a US-based growth equity firm, made an undisclosed follow-on investment in Brazilian payments processor EBANX at a reported valuation over US$1b. FTV Capital invested US$30m in 2018 with…
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Axon Partners Invests in Billpocket
September 20, 2019Axon Partners made an undisclosed investment in Billpocket, a Mexican payments fintech. (Press Release) Axon Partners Group, through its Amerigo Ventures Pacífico Fund, invested an undisclosed amount in mobile payments…
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PC Capital Announces Initial Close of its Second Fund
September 20, 2019Mexican private equity firm PC Capital announced an initial close of its private equity fund PC Capital Development Fund II. The fund will invest in Latin American companies through equity…