Gávea Investimentos’ Speed fund partially exited Armac, a Brazilian equipment rental company for agribusiness, mining and infrastructure, via the company’s BRL1.5b (~USD288m) IPO on the B3. The secondary offering raised BRL532m (~USD102m). Read more… Read More
Alloy Merchant Finance agreed to invest up to MXN200m (~USD9.9m) in Podemos Progresar, a Mexico-based microfinance company, through a structured loan. Read more… Read More
PropertyGuru, a Singapore-based proptech backed by TPG Capital and KKR, agreed to go public via a merger with SPAC Bridgetown 2 Holdings. The deal will include a USD100m PIPE from investors including Baillie Gifford, Naya, REA Group, Akaris Global Partners and a Malaysian asset manager. Read more… Read More
I Squared Capital acquired a ~78% stake in Colombia-based port operator Sociedad Portuaria Regional de Barranquilla for a reported USD220m, facilitating an exit for Chile-based Southern Cross Group. Read more… Read More
Zenvia, a Brazil-based CPaaS backed by Oria Capital, raised USD150m in its IPO on the Nasdaq. Read more… Read More
SoftBank led a USD35m Series B for Cobli, a Brazil-based telematics and fleet management SaaS platform, with participation from Qualcomm Ventures and follow-on from NXTP, Valor Capital Group, Fifth Wall Ventures and Valor Capital Group. Read more… Read More
Presight Capital and Kingsway Capital led a USD30m Series A for Valoreo, a Mexico-based e-commerce holding company specialized in acquiring, operating and scaling Latin America-focused businesses under the Fulfillment by Amazon (FBA) business model, with follow-on from KASZEK, Upper90 and FJ Labs. Read more… Read More
Warburg Pincus led a BRL300m (~USD60m) Series B for Blu, a Brazil-based receivables prepayment platform for SMEs. GP Investimentos exited the company through a secondary sale to Warburg as part of the round. Read more… Read More
Brazil-based quick delivery app Daki merged with US-based quick delivery platform Jokr and raised a USD170m Series A from Tiger Global, GGV Capital and Balderton Capital, with participation from monashees, KASZEK, HV Capital, Activant Capital, Greycroft and FJ Labs. Read more… Read More
T. Rowe Price led a USD500m Series F for Colombia-based on-demand delivery startup Rappi, with participation from SoftBank, GIC, Baillie Gifford, Third Point and Octahedron, at a reported USD5.25b valuation. Read more… Read More
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