Colombia-focused early-stage technology investor Velum Ventures has announced the commencement of operations of its maiden fund, Velum Early Stage Fund I, and the completion of investments into three Colombia-based companies: CiudadDeMascotas.com and FloresYMas.co, e-commerce sites specializing in pet products and floral arrangements, respectively, and Cocina33.com, an e-learning platform for… Read More
Easy Taxi, a Brazil-based mobile taxi application operating across Latin America, Africa, the Middle East and Asia, has raised US$40 million in a Series D financing round led by Russian venture capital firm Phenomen Ventures. Tengelmann Ventures, the investment arm of Germany-based multi-sector retailer Tengelmann Group, also participated in… Read More
Global private investment firm The Carlyle Group has reportedly reached a first close on its second Brazilian buyout fund with BRL375 million (approximately US$170 million) in capital commitments. Investors in the fund, which has a BRL1 billion (approximately US$452 million) target, include Banco do Brasil and Brazilian pension funds. Read More
Latin America-focused alternative investment company GP Investments has agreed to sell its stake in Brazil-based fleet management and cargo tracking services provider Sascar Participações to Compagnie Financiere du Groupe Michelin, a company that holds Groupe Michelin’s industrial and commercial companies outside of France, as part of Groupe Michelin’s acquisition… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has exited its investment in Brazil-based renewable energy company Bioenergy Geradora de Energia. Darby originally invested in the company through its Brazil Mezzanine Infrastructure Fund in September 2011. Darby’s investment funded wind parks that have been operational since… Read More
Global alternative asset manager The Carlyle Group and JV Resguardo, operator of Peru-based security companies Liderman and Clave 3, have entered into a partnership to expand the Liderman and Clave 3 brands. JV Resguardo currently has operations in Peru and Ecuador with plans to expand to more countries in… Read More
Venture capital firm Kaszek Ventures has led a Series B financing round for Brazil-based GuiaBolso, an online financial management platform. Venture capital firms e.Bricks Digital and Valor Capital Group also participated. The company intends to develop a mobile version of the platform. Financial details of the transaction were not… Read More
Private equity firm CRP Companhia de Participações has acquired a 25 percent stake in Brazil-based online game developer Aquiris. The capital injection will cover part of a BRL10 billion (approximately US$4.5 million) three year investment program, during which the company intends to increase its annual sales and launch seven… Read More
Private equity fund manager Promotora has invested in Colombia-based operations management provider Helppeople Software. The investment, which was structured through Promotora’s venture capital fund, will help the company to expand its operations internationally. Financial details of the transaction were not disclosed. Read More
Latin America-focused real estate investment firm The Terranum Group and real estate investor Equity International have acquired Colombia-based hospitality company Decameron Hotels & Resorts. This investment allows Terranum Hotels, a business unit of Terranum Group, to add Decameron Hotels & Resorts to its existing portfolio of hotels. Financial details… Read More
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