The controlling shareholders of Brazilian healthcare company Grupo Qualicorp have raised BRL674 million (approximately US$364 million) from a secondary offering on the Brazilian stock exchange (BM&FBOVESPA). Over 40 million shares were sold at a price of BRL16.50 each. The amount raised could increase if the controlling shareholders—global private equity… Read More
The private equity arm of Brazilian financial services firm BR Partners has acquired a minority stake in Grupo Sequoia, a local company focused on e-commerce logistics. The financial details of the transaction were not disclosed. Grupo Sequoia plans to use the funding to expand its operational capabilities and invest… Read More
Washington, D.C. – Global limited partners (LPs) continue to expect their commitments to emerging markets private equity (EM PE) to increase, reflecting investor optimism about these markets’ ability to outperform developed markets, according to the latest EMPEA Global Limited Partners Survey. Three-quarters (75%) of LPs expect their commitments to emerging… Read More
EMPEA’s 8th Annual Global Limited Partners Survey collected the views of 106 LPs from 28 countries around the world to better understand their changing attitudes toward private equity investing in emerging markets. This study provides EMPEA Members and the broader industry with a greater understanding of how LPs view the… Read More
Ideiasnet, a Brazilian venture capital company that invests in technology businesses, has sold its stake in software distribution company Softcorp to local systems integrator Techresult. Softcorp is one of Microsoft’s partners for systems and solutions development in Brazil. The value of the transaction was R$15 million (approximately US$8.25 million). Read More
Conduit Capital Partners, a private equity investment firm focused on energy infrastructure in Latin America and the Caribbean, has announced its agreement to sell its remaining interest in the Peruvian pipeline project Gasoducto Andina del Sur (Kuntur) to Odebrecht, a Brazilian construction conglomerate. The project consists of an integrated… Read More
The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank Group, in partnership with the European Investment Bank (EIB), the Dutch development bank (FMO) and The Nature Conservancy, has launched the next stage of a venture capital fund focused on community-based sustainable businesses in Latin America. The… Read More
Brilla Group, a U.S.-based private equity firm focused on luxury beachfront hotel and resort assets in South Florida, the Caribbean, Mexico, Central America and Colombia, has achieved a first closing on its Colombian Beachfront Hospitality Private Equity Fund. The fund has raised US$30 million in commitments to date from… Read More
Global growth equity firm General Atlantic has acquired a minority stake in Aceco TI, a company focused on the design and maintenance of data centers in Brazil and Latin America. The partnership will provide capital and strategic advice for the company as it continues to grow in the region. Read More
Mexico’s private equity fund managers are in high spirits. Although the industry is small and relatively nascent, local GPs contend that Mexico holds strong prospects for high returns—pointing to a robust pipeline of proprietary deals and low valuations compared to the significantly more competitive Brazilian market. Perhaps most importantly,… Read More
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