Mexico-focused venture capital firm ALLVP has led a USD15 million Series B financing round for Muy, a Colombia-based ‘cloud kitchen’ startup. Latin America-focused venture capital investor Seaya Ventures also participated in the round. Through its network of centralized kitchens and 20 physical dining locations, Muy allows users to place personalized… Read More
The Latin America-focused arm of global impact investing platform Acumen has invested in Colombia-based solar energy company Suncolombia. The company designs, manufactures, installs, and maintains photovoltaic systems, providing off-grid solutions to rural areas and developing on-grid projects for public and private clients. Financial details of the transaction were not disclosed. Read More
Global SME-focused impact investment firm SEAF has reached a first close for the SEAF Caribbean SME Growth Fund with USD35 million in commitments. Investors in the fund include anchor investor Sagicor Group Jamaica, which contributed USD20 million; Sandals Resorts; Unit Trust Corporation; and the Development Bank of Jamaica. The fund… Read More
Canada-listed pharmaceutical company Knight Therapeutics has agreed to acquire a 51 percent stake in Uruguay-based, Brazil-listed drug development and manufacturing company Grupo Biotoscana (GBT) from private capital fund managers Advent International and Essex Woodlands Healthcare Partners for BRL595.6 million (approximately USD145 million). The deal will trigger a mandatory takeover bid… Read More
India- and Latin America-focused impact investing fund manager Elevar Equity has led a USD3 million Series A investment in Mexico-based e-commerce platform Canasta Rosa. Other participants in the funding round include WPSS Consumer Investments and angel investors. The company, which allows micro-entrepreneurs to sell handmade products on its online marketplace,… Read More
Impact investing is a powerful tool to eradicate poverty, promote economic development and address climate change. Equally, impact is now winning growing acceptance as an asset class among investors. However, many investment managers charged with a fiduciary duty to pension plans or other institutions continue to assume that impact is… Read More
Brazil is currently resurfacing from what could be viewed as one of the Country’s most prolonged political and macroeconomic crisis, with some large local companies facing severe credit restrictions. In this context, the Chinese saying, “there is an opportunity in every crisis” has never been as appropriate in Brazil as… Read More
Impact Investing is the act of investing with the intent to measurably contribute positive social, economic, and/or environmental impacts while still achieving financial returns. The underlying concepts to Impact Investing have been part of investment ethos for over one hundred years, and socially responsible investing for even longer. Socially responsible… Read More
Over a year has passed since the collapse of Abraaj Group (Company), which at its peak was among the world’s largest emerging markets-focused private equity firms with USD 13.6 billion under management. As of May 2019, entities and individuals had asserted losses of over USD 1 billion against the company,… Read More
The latest edition of EMPEA’s Legal and Regulatory Bulletin explores a range of issues impacting private investment across the world (particularly, Latin America, the Middle East, Africa, China, the EU, and the US) and the implications of those issues for practitioners. Bulletin contributions: When Does a Private Fund Manager’s “Fiduciary… Read More
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