CPP Investments and the Votorantim Group agreed to consolidate several Brazilian energy assets to create a new combined company to be listed on the B3. CPP Investments will invest BRL1.5b (~USD270m) in the business, while Votorantim Energia will incorporate Votene (its energy trading company) along with other assets. Read… Read More
Bain Capital, through Bain Capital Tech Opportunities, invested BRL450m (~USD81.6m) for a 43% stake in Brazil-based healthcare software company Bionexo at a reported BRL1.1b (~USD199.5m) valuation, facilitating a partial exit for Prisma Capital and Apus. Read more here and here… Read More
Tencent and SoftBank led a USD200m Series F for CargoX, a Brazil-based trucking marketplace, with participation from Valor Capital Group and multi-family office Oikos, and follow-on from Lightrock. Tencent and SoftBank committed USD150m of the total round. Read more… Read More
In May 2018, Linzor Capital Partners acquired a 53% stake in UTEL, a Mexican online university targeting the middle-income population. In partnership with Linzor, UTEL developed new business lines, including an executive online course, a digital bootcamp and an online open course (UTEL X) that will be offered to… Read More
Base Partners and Untitled led a USD27m round for Trybe, a Brazilian online coding school, with participation from Endeavor Scale Up Ventures and follow-on from GFC. Read more… Read More
Brazilian cashback platform CRM&BONUS raised ~USD56m from SoftBank, Riverwood Capital, Igah Ventures and Volpe Capital at a reported ~USD200m valuation. Read more… Read More
Greenoaks and SoftBank led a USD50m Series A for Buk, a Chilean employee workflow and payroll management platform, at a reported USD417m valuation. Read more… Read More
Patria Investimentos acquired cybersecurity companies Neosecure and Proteus and plans to invest USD250m in the cybersecurity sector in Latin America. Read more… Read More
XP invested BRL100m (~USD18m) in Alife-Nino, a chain comprising 31 bars and restaurants in Brazil. Read more… Read More
Spice Private Equity acquired Argo Seguros Brasil, the Brazilian unit of specialty insurance underwriter Argo Group International Holdings, for BRL160m (~USD30m). Read more… Read More
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