Brazil-listed digital banking services provider Banco Inter has raised BRL1.24 billion (approximately USD330 million) via a share offering on Brazilian stock exchange B3. Japan-based technology conglomerate SoftBank Group reportedly acquired shares equivalent to an 8 percent stake in the company for approximately BRL760 million (USD201 million) as part of the… Read More
Trident Energy, an Africa- and Latin America-focused oil and gas exploration company established by global private equity fund manager Warburg Pincus, has agreed to acquire the rights to the Pampo and Enchova offshore oilfields from Brazilian state-owned oil company Petrobras. Trident will acquire the assets using a reserve-based loan, in… Read More
African Infrastructure Investment Managers (AIIM), a subsidiary of Africa-focused asset manager Old Mutual Alternative Investments, has reached a final close for African Infrastructure Investment Fund 3 (AIIF3) with USD320 million in capital commitments. The fund received commitments from investors in AIIM’s previous fund, AIIF2, and new investors from Africa, Europe,… Read More
Afya Educacional, a Brazil-based medical education provider, has raised USD261 million in its initial public offering (IPO) on Nasdaq. The offering consisted of 13.7 million shares, including a secondary offering of 1.9 million shares, sold for USD19.00 per share. The company plans to use the proceeds from the offering to… Read More
Global private equity, debt, and real estate fund manager H.I.G. Capital has agreed to acquire Brazil-listed glass manufacturer Nadir Figueiredo for BRL836 million (approximately USD222 million). Nadir plans to spin out non-core assets into a separate entity, after which H.I.G. will make a tender offer for the company’s shares at… Read More
Peru-focused private equity fund manager Nexus Group has sold a 6 percent stake in Peru-listed retail company InRetail Perú for USD240 million. InRetail operates supermarkets and shopping malls in Peru, as well as pharmacies in Peru, Ecuador, Colombia, and Bolivia. Nexus first invested in the company in 2011 via NG… Read More
Alternative asset managers Riverstone Holdings and Southern Cross Group (SCG), Mexico-listed Vista Oil & Gas, and individual investors have agreed to invest USD205 million to establish Aleph Midstream, an Argentina-based midstream oil and gas company. Riverstone, SCG, and the management teams of Vista and Aleph together will invest USD160 million… Read More
Global private markets asset manager HarbourVest has raised USD500 million in capital commitments via the listing of a Certificado de Proyectos de Inversión (CERPI) on the Mexican Stock Exchange (BMV). The CERPI, listed under the ticker symbol HV2PI 19D, will primarily invest in HarbourVest’s global primary and secondary co-investment funds. Read More
CMB Prime, a Chile-focused infrastructure investor, and LarrainVial, a Chile-based financial services firm, have reached a final close for CMB LV Infraestructura III with USD400 million in capital commitments. Investors in the fund include Chilean pension funds and insurance companies. The fund will pursue both greenfield and brownfield opportunities in… Read More
The possible extension of the AIFMD marketing passport to fund managers based outside the EU has been monitored with considerable interest by market participants over the last year. Currently, the AIFMD marketing passport— which allows a manager to market funds to professional investors freely across the EU, without the… Read More
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