In this Bulletin we address a number of commercial, governance, legal and regulatory issues, which we believe are both timely and of broad interest to the emerging market private equity, venture capital, and infrastructure investment community. We are certain that some of the topics covered will be discussed—vociferously perhaps—at… Read More
Global private equity firm Bain Capital has partially exited its stake in Brazil-listed health care provider Grupo Notre Dame Intermédica (GNDI), generating gross proceeds of BRL2.37 billion (approximately USD608 million). Bain sold 60 million shares for BRL39.50 (approximately USD10) per share. Bain originally acquired GNDI for BRL2 billion (USD861 million)… Read More
Global telecom and technology investment group SoftBank will lead existing investors, including private equity firms General Atlantic, Atomico, and Valor Capital Group, in a new USD300 million funding round for Brazil-based fitness company Gympass. Softbank’s investment will come from the SoftBank Vision Fund, with the SoftBank Latin America Fund expected… Read More
The SoftBank Vision Fund, a private investment fund managed by Japan-based technology conglomerate SoftBank, has led a USD100 million investment in Loggi, a Brazil-based logistics and delivery company. Other participants in the funding round include venture capital firms GGV Capital and Fifth Wall Ventures, investment management firm Velt Partners, and… Read More
Brazil-focused alternative asset manager Crescera Investimentos and 2bCapital, the private equity arm of Brazil-based financial services company Bradesco, have agreed to invest in Brazil-based information technology company Semantix. Through the transaction, Crescera and 2b Capital will acquire 29 percent and 15 percent stakes, respectively, in the company. Semantix provides consulting… Read More
Brazil-focused alternative investment fund manager Vinci Partners has exited Brazil-based ceramic tile manufacturer Cecrisa to Duratex, a wood panel producer also based in Brazil. Duratex will acquire the company from Vinci and other shareholders for BRL539 million (approximately USD132 million). Cecrisa operates three plants with 1,700 employees. The transaction is… Read More
Global asset manager BlackRock has acquired the Aguasalientes solar project, a 68-megawatt facility in Mexico, from Canada-based solar panel manufacturer and project developer Canadian Solar. Electricity generated by the plant will be sold under two separate power purchase agreements with Mexico’s state-owned utility. Financial details of the transaction, which was… Read More
Growth markets investor Actis has raised USD150 million through the Series A issue of a Certificado de Proyectos de Inversión (CERPI) offering on the Mexican Stock Exchange (BMV). Actis will be able to raise an additional USD200 million via further series. The CERPI, which was listed under the ticker symbol… Read More
More than half of surveyed limited partners (LPs) plan to commit more capital to emerging market private equity (EM PE) in the next two years, the first time the rate has surpassed 50% since 2014. This note of optimism highlights EMPEA’s new Global Limited Partners Survey, which… Read More
EMPEA is pleased to share with you Private Credit Solutions: A Closer Look at the Opportunity in Emerging Markets, an in-depth study of the private credit investment landscape across emerging and frontier economies. The report gathers the latest EMPEA data on overall industry activity while delving deeper into the details… Read More
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