M&A

Grow Mobility, the Latin American rideshare startup that resulted from the Grin/Yellow merger, has merged with payments startup Flinto. Grin & Yellow jointly raised US$150m in January 2019. Backers include…

99 Minutos, a Mexican ecommerce shipping platform, acquired MuvSmart, a Chilean last-mile delivery startup, for an undisclosed amount. Engie Factory Mexico made a follow-on investment in 99 Minutos as part…

Magazine Luiza acquired Brazilian ecommerce brand Netshoes for US$62m. As of June 14th, Valor Econômico has reported Magazine Luiza acquired Brazilian ecommerce brand Netshoes for US$115m. More information here. (Brazil…

Valid announced the acquisition of 51.8% of Agrotopus, a startup focused on corporate solutions for agribusiness. Agrotopus’ customer base is coffee cooperatives that account for 12% of the Brazilian market. The acquisition value is R$ 6.5m. 

Balam Fund, which is jointly managed by BK Partners and the Rohatyn Group, has acquired a 37MW ready-to-build solar project located in the Mexican state of San Luis Potosi from Spanish renewables company Dhamma Energy.

Peruvian private equity firm Nexus Group has acquired 100% of  Latin American plastic producer Sinea.  (El Comercio) El grupo Intercorp, a través de su firma de private equity Nexus Group,…

Digio, a digital credit card owned by CBSS bank, has acquired Brazilian cashback startup Poup. Wayra Brazil accelerated the company in its first batch. (E-commerce News) Digio, a digital credit…

Los Angeles-based private equity firm Butterfly announced the acquisition of Pacifico Aquaculture (“Pacifico”), a leader in sustainable ocean-raised aquaculture for an undisclosed amount. (Press Release) Butterfly, a Los Angeles-based private…

Accel-KKR acquired I-Med, a Chilean digital healthcare network, for an undisclosed amount. (Press Release) I-Med, the largest connected health network in Spanish-speaking Latin America, has completed a management-led buy-out by…

Didi Chuxing plans to acquire a majority stake in Brazilian rideshare startup 99 for ~US$600m. This officially puts 99 in unicorn territory. Didi and Riverwood Capital invested over US$100m in…