Global private equity firm Advent International has agreed to invest in Brazil-based Cataratas do Iguaçu, a concessionaire of services at Brazil’s national parks. The company intends to use the capital to improve Cataratas’s services and operations, and expand into additional parks and tourism-related businesses in Brazil. Financial details of the… Read More
The twelfth issue of the EMPEA Legal and Regulatory Bulletin echoes the dynamic, fluid nature of the emerging markets regulatory landscape. In this issue we explore how country-specific regulatory developments are creating challenges and opportunities for private equity investors and practitioners. The issue specifically looks at recent developments in Brazil,… Read More
Global infrastructure investor Global Infrastructure Partners (GIP) has sold its 50 percent stake in Argentina-based container terminal and logistics company International Trade Logistics (ITL), which includes the Buenos Aires-based container terminal Exolgan, to Terminal Investment (TIL). TIL is a terminal operator controlled by shipping line Mediterranean Shipping Company. In 2008,… Read More
The approval of the new Brazilian anti-corruption law (Law nº. 12,846/2013), in force as of January 29, 2014, and more widely known as the Brazilian Clean Company Act, has strongly contributed to the importance of adopting effective compliance programs by Brazilian companies to prevent and detect violations of law, and… Read More
Alternative asset investor Brookfield Asset Management has completed the acquisition of a 26.5 percent stake in Brazil-based iron ore mining company Vale’s cargo transportation division, VLI, from Vale. The transaction, which was announced in December 2013, is valued at BRL2 billion (approximately US$971 million). Vale also sold a 20 percent… Read More
Private equity fund manager Lafise Investment Management, a branch of financial conglomerate LAFISE Group, has reached a first close on its latest fund, CASEIF III, with US$28.75 million in capital commitments. CASEIF III, which has a target of US$50 million, aims to invest between US$1 million and US$5 million in… Read More
Brazil-based mobile commerce platform Movile has raised a US$35 million Series D financing round from venture capital firm Innova Capital and global internet services company Naspers. Movile has also secured US$20 million in long-term financing through FINEP, a Brazilian government organization that funds science and technology projects. The company recently… Read More
Private equity firms Baring Private Equity Asia and Altas Partners have invested in Grenada-based medical school St. George’s University in partnership with St. George’s management team. The investment amount was reported to be around US$750 million. The school intends to use the investment to expand student resources, support research and… Read More
ACON Investments, a private equity investment firm focused on the middle market in the United States and Latin America, has reached a final close on its most recent Latin America-focused middle market fund, ACON Latin America Opportunities Fund IV (ALAOF IV), with US$515 million in capital commitments. ALAOF IV, which… Read More
Global growth markets investor The Abraaj Group has exited its investment in Angola-based Fibrex, a manufacturer of plastic pipe products used in the construction industry. The Abraaj Group originally invested in the company in 2007. Separately, The Abraaj Group has exited its investment in Peru-based women’s accessories retailer Iasacorp, selling… Read More
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