Colombia-based low-cost online grocery delivery platform Merqueo has secured USD14 million in a Series A funding round led by Caribbean- and Central America-focused fund manager Portland Private Equity. Endeavor Catalyst, an impact investing non-profit organization, also participated in the round. The company delivers groceries to customers in Bogotá and Medellín… Read More
Global consumer-focused private equity fund manager L Catterton has invested in Argentina-based winery Susana Balbo Wines. The winery, which exports to 33 countries through its Crios, BenMarco, Susana Balbo Signature, and Nosotros brands, plans to partner with L Catterton to grow its presence in Asia. Financial details of the transaction… Read More
Darby Private Equity, the private capital arm of Franklin Templeton Investments, has completed an investment in Panama-based specialty pharmaceutical distributor Pharma Consulting Group (Biopas). The company, which offers immunology, rare disease, central nervous system, oncology, specialty care, and dermatology products across 13 countries in Latin America, will use the new… Read More
Brazil-focused alternative asset manager Patria Investments has formed a joint venture with Shell Energy Brazil and Mitsubishi Hitachi Power Systems (MHPS) to construct the Marlim Azul thermoelectric power plant. Rights to construct the 565-megawatt plant were won at auction in December 2017 after which Patria Investments acquired a 50.1 percent… Read More
Brazil-focused private equity firm Alothon Group has agreed to acquire a majority stake in Elétron Energy, a Brazil-based energy solutions provider, for more than BRL100 million (approximately USD27 million). The company will use the new capital and partnership to expand its power generation, consumer management, and energy trading businesses. The… Read More
Growth markets investor Actis has agreed to exit Atlantic Energias Renováveis, a Brazil-based renewable energy generation and distribution company, to China General Nuclear Power Group. Actis originally invested in the company, which manages 642 megawatts of installed wind power capacity, in 2013 through Actis Energy 3. Financial details of the… Read More
Mexico-focused private investment firm Promecap has acquired a portion of the outstanding loan portfolio of Mexico-based agricultural bank Finterra for MXN131 million (approximately USD7 million). The transaction forms part of Finterra’s plan to divest up to 35 percent of its outstanding loan portfolio in order to generate additional liquidity. Read More
L Catterton has agreed to invest in Brazil-based women’s health care provider Femme – Laboratório da Mulher. The company, which offers various diagnostic and clinical services at six laboratories in Brazil, plans to partner with L Catterton to expand its network of clinics, roll out additional services, and enhance marketing… Read More
Mexico-based electric scooter startup Grin and Brazil-based dockless bike and scooter provider Yellow have merged to form Grow Mobility. The new company, which operates more than 135,000 vehicles across six countries in Latin America, has also reportedly received an investment of US$150 million from undisclosed investors to support the merger… Read More
Global alternative asset manager the Carlyle Group has agreed to acquire a 23 percent stake in Madero, a Brazil-based restaurant chain operator with 140 locations, for BRL700 million (approximately US$186 million). The transaction reportedly comprises BRL100 million (US$27 million) to acquire existing shares in the company and BRL600 million (US$159… Read More
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