Small- and mid-cap-focused private equity fund manager Aureos Capital has acquired a significant stake in Peruvian restaurant group Acurio Restaurantes through the Aureos Latin America Fund (ALAF). Acurio Restaurantes operates 32 casual and fine-dining restaurants, including 19 in major cities outside Peru, and plans to continue its expansion into… Read More
Leopard Capital, an investment manager specializing in frontier markets, has held a first close of US$20 million for the Leopard Haiti Fund (LHF). The fund has secured commitments of US$8.5 million from International Finance Corporation, US$8.5 million from the Netherlands Development Finance Company (FMO) and US$3 million from the… Read More
Mexico-based private equity fund manager Latin Idea Ventures has raised MXN615 million (US$45.9 million) for its latest venture capital fund, Latin Idea Mexico Venture Capital Fund III, through a certificado de capital de desarollo (CKD). A parallel vehicle is being raised from international institutional investors. Latin Idea… Read More
Mexico-based venture capital firm Gerbera Capital and Fondo de Fondos (FdeF) Mexico Ventures I, a venture capital fund of funds managed by the Corporación Mexicana de Inversiones de Capital, have invested in online recipes and grocery shopping portal Kiwilimón. Financial terms of the transaction were not disclosed. Read More
German construction firm Hochtief AG has sold a 45 percent stake in Chilean toll highway operator Vespucio Norte Express (VNE) to a consortium led by Brookfield Infrastructure Partners for EUR230 million (US$290 million). VNE, in operation since January 2006, was developed by Hochtief under a BOT (build, operate, transfer)… Read More
Nexus Capital Partners III, a Latin America-focused investment fund managed by Nexus Group of Peru, and Chilean packaging company Alusa have concluded the acquisition of Colombian flexible packaging company Empaques Flexa. According to Alusa’s original announcement of the deal, the Santiago-based company and Nexus, an investor in Alusa subsidiary… Read More
U.S.-based global growth capital investor Small Enterprise Assistance Funds (SEAF) recently announced that three SEAF-managed Latin American funds have exited their investment in Peruvian power plant operator Hidroeléctrica Santa Cruz (HSC) in February 2012 through a strategic sale to a Brazilian renewable energy developer. Fondo Transandino Peru, Fondo LATAM… Read More
Lupatech, a Brazil-based provider of products and services to the oil and gas industry, has concluded a preferential share offer in which it raised BRL260.7 million (approximately US$128 million). Of the 65.2 million shares that were subscribed at a price of BRL4 per share, Latin America-focused private equity firm… Read More
Nexxus Capital invested US$17.75 million for a 30% stake and exited with an investment IRR of 72.9% and a cost multiple of 18.5x Company Headquarters: Mexico Business focus: Pharmaceuticals and consumer products Revenue: US$596 million in 2011 Impact Highlights Nexxus Capital helped Genomma Lab grow from a mid-sized company managed… Read More
GP Investments took control of the company in May 2004, committing US$3.2 million in equity from its private equity funds and an additional US$8.5 million from co-investors. Company Headquarters: Brazil Business focus: Electricity distribution Revenue: US$497 million Impact Highlights GP Investments structured a transaction that kept Equatorial Energia—the electricity distributor… Read More
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