M&A

 Aqua Capital integrates farm supply business into Brazil-based AgroGalaxy, with a combined revenue of R$4.2b this year.  (Valor Econômico) Aqua Capital, the private equity fund that has made a series…

iFood completed a majority acquisition of Domicilios, which Delivery Hero acquired in 2014. iFood will own 51% of the JV with Delivery Hero. The transaction is undisclosed but one of…

Riverwood Capital announced the promotion of Harish Belur, Joaquim Lima, and Scott Ransenberg to Partner. (Press Release) Riverwood Capital, a private equity firm that invests in high-growth, middle-market companies in…

SP Ventures launched a venture debt vehicle, Brazil Venture Debt, with R$140m under management from BNDES and others. Gabriela Gonçalves is CEO of the new vehicle. (Valor Econômico) Com as taxas…

BR Properties acquired two multiuse condominium properties still under development from Hemisferio Sul Investimentos. The transaction transferred a 100% stake in Corporate Tower B2 – Paineira and a 30% stake…

BR Malls acquired an additional 25.5% stake in Shopping Iguatemi Caxias do Sul, a shopping mall in Rio Grande do Sul. BR Malls now has a 71% stake in the…

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.