Accion, a global financial inclusion-focused investor, has successfully exited its investment in Banco Compartir (Bancompartir), a Colombia-based microfinance institution, as part of the company’s acquisition by Credicorp, a Latin America-focused financial services holding company. Bancompartir was founded as a collective finance organization for survivors of a volcanic eruption in the… Read More
Mexico-based digital bank albo has raised USD19 million in an extension to its Series A funding round led by Valar Ventures, a fintech-focused venture capital firm. albo initially raised USD7.4 million in Series A funding from Mountain Nazca, Omidyar Network, and Greyhound Capital in December 2018. The company plans to… Read More
Brazil-based financial services company XP has raised USD2 billion in its initial public offering (IPO) on Nasdaq. The offering consisted of approximately 42.5 million primary Class A shares and 30 million Class A shares sold by XP’s existing backers at a price of USD27 per share. Global private equity fund… Read More
Global private markets asset manager Hamilton Lane has reached a final close for Hamilton Lane Brazil Fund II with BRL250 million (approximately USD59 million) in capital commitments. Investors in the fund include Brazil-based public and private pension funds and high-net-worth individuals. The fund will invest in primary, secondary, and co-investment… Read More
Mexico-focused private investment fund manager Nexxus Capital has divested its stake in Krispy Kreme Mexico, a Mexico-based subsidiary of Taco Holding, to the global brand owner Krispy Kreme Doughnut Corporation. Nexxus began investing in Taco Holding’s subsidiary restaurants in Mexico in 2011. Financial details of the transaction were not disclosed. Read More
Brazil-focused alternative asset manager Patria Investments has agreed to sell Argo Energia, a Brazil-based power transmission company, to Colombia-based Energía Bogotá and Spain-based Rede Eléctrica for BRL3.5 billion (approximately USD835 million). The company operates 1,400 kilometers of transmission lines, linking energy generation assets, distributors, and consumers. Patria created the business… Read More
Brazil-based e-commerce software company VTEX has secured BRL580 million (approximately USD138 million) in funding from Japan-based technology and investment conglomerate SoftBank and Latin America-focused asset managers Gávea Investimentos and Constellation Asset Management. SoftBank will reportedly complete the investment through its Latin America-focused fund. VTEX provides a centralized platform for businesses… Read More
United States- and Latin America-focused private equity firm ACON Investments has held a first close for ACON Latin America Opportunities Fund V with USD253 million in commitments. The firm, which raised approximately USD668 million for its fourth fund in 2014, is targeting USD600 million in total commitments for the new… Read More
Jamaica-focused investment holding company PanJam Investment and Caribbean-focused fund manager Portland Private Equity have agreed to each acquire a 15 percent stake in Outsourcing Management, a Jamaica-based business process outsourcing company operating under the brand itelpo. The company offers voice and digital contact center and customer experience management services in… Read More
Global consumer-focused private equity fund manager L Catterton has invested in Brazil-based dental clinic franchise OdontoCompany. The company, which operates in all 27 Brazilian states and serves approximately 800,000 patients each year, will partner with L Catterton to accelerate its growth and expansion. Financial details of the transaction were not… Read More
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