Darby Private Equity, the private equity arm of Franklin Templeton Investments, has backed Brazil-based renewable energy investment company Vital Renewable Energy (VREC), which operates a sugar and ethanol facility, for US$15 million as part of a US$31 million refinancing. The transaction was structured through Darby Latin American Mezzanine Fund… Read More
A fund managed by Ashmore Colombia, an Andean private equity investment manager and subsidiary of emerging market-focused investment manager Ashmore Group, has acquired an 85 percent interest in Colombia-based Compañía de Desarollo Aeropuerto Eldorado (Codad), the concessionaire of the two runways at El Dorado Airport in Bogotá, from international… Read More
Emerging markets-focused debt and equity fund manager Cordiant Capital has contributed US$10 million to a US$100 million trade financing facility for Brazil-based agribusiness company Fiagril. Cordiant’s loan, structured through Cordiant Emerging Loan Fund (CELF) IV, was made in syndication with global agribusiness company Bunge International Commerce, part of food… Read More
Latin Idea Ventures, a Mexico-based private equity fund manager, has invested in Mexico-based logistics company Logyt. The transaction was structured through Latin Idea Mexico Venture Capital Fund III. The company advises on supply chain solutions, from point of sale and customer development to manufacturing and procurement. Financial details of… Read More
Victoria Capital Partners, a South America-focused private equity firm, has reached an agreement to acquire a minority stake in Colombia-based industrial group Organización Corona. The group, which includes Colcerámica, Sumicol, Nexentia, Erecos, Locería Colombiana, Gamma and Almacenes Corona, intends to accelerate the growth and development of various industrial businesses… Read More
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has made an investment in Puerto Rico-based commercial finance company Acrecent Financial Corporation for a majority control position. The transaction was structured through Darby ProBanco Fund II. The investment will allow Acrecent to expand further in Central America,… Read More
Global private equity firm Advent International and Brazil-focused private equity firm Alothon Group have signed a definitive agreement to sell Brazil-based industrial laundry company Atmosfera to Elis, a French linen rental and laundry services company. Atmosfera processes 95,000 tons of linen annually from eight plants. The acquisition will be… Read More
The Global Firms’ Views Koenraad Foulin, Co-Founder and Senior Managing Partner, Capital International Private Equity Funds For Capital Group, 2013 was a year to invest beyond the BRICs. Our 2011 fund, CIPEF VI, completed four new investments—three of which were in emerging markets outside the BRIC countries. We made our… Read More
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has divested its equity holding in South Korea-based consumer finance company Leadcorp through sales on the KOSDAQ exchange. Darby first invested in Leadcorp in 2007 in the form of senior secured notes and common shares, making follow-on investments… Read More
Colombia-focused investment management firm Teka Capital has invested in Americana de Colchones, a mattress producer and distributor in Colombia. With the new partnership, the company is considering the purchase of real estate to build a new production plant. Financial details of the transaction were not disclosed. Read More
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