Global private equity firm Bain Capital has partially exited its stake in Brazil-listed health care services provider Grupo Notre Dame Intermédica (GNDI), generating gross proceeds of BRL2.4 billion (approximately US$624 million). Bain sold 92.4 million shares for BRL26 (approximately US$7) per share as part of a follow-on offering that also… Read More
Germany-based oil and gas producer DEA Group has agreed to acquire Mexico-based Sierra Oil & Gas for a reported total of US$500 million. Sierra is backed by alternative investment fund managers Riverstone Holdings, EnCap Investments and BlackRock, which together originally invested in the company in 2014. Sierra holds interests in… Read More
EMPEA Members log in to receive exclusive access to the detailed report (PDF) and underlying data (Excel). In the first three quarters of 2018, overall EM fundraising and investment totals increased 82 percent and 14 percent, respectively, compared to a year prior. Download the Industry Statistics to view… Read More
Emerging markets-focused venture capital firm Elevar Equity has led an investment of US$5 million in Bankingly, a Uruguay-based digital financial services company. The Rise Fund, TPG’s global impact investing fund, and philanthropic investor Endeavor Catalyst also participated in the funding round. Bankingly—which provides software-as-a-service products to financial institutions that serve… Read More
Darby Private Equity, the private equity and mezzanine arm of Franklin Templeton Investments, has provided up to US$30 million in long-term debt financing to the Peru-based subsidiary of Abengoa, a Spain-listed infrastructure developer. Darby invested through Darby Latin American Private Debt Fund III. Abengoa Peru plans to use the funding… Read More
Real estate-focused emerging markets investment firm Jaguar Growth Partners has acquired a minority stake in Brazil-based industrial real estate company Bresco through Jaguar Real Estate Partners II. Bresco seeks to grow its property portfolio and invest more than US$500 million over the next few years. Jaguar plans to support Bresco’s… Read More
Latin America-focused early-stage venture capital firm monashees has reached a final close for its eighth fund with US$150 million in capital commitments. Investors in monashees VIII include Brandywine Trust Group, S-Cubed Capital, Temasek Holdings, CreditEase, IDG , Instagram co-founder Mike Krieger, Horsley Bridge Partners and the University of Minnesota, as… Read More
Latin America-focused growth-stage private equity fund manager LIV Capital has agreed to invest MXN350 million (approximately US$17 million) in Mexico-based financial markets infrastructure and brokerage company Central de Corretajes (Cencor). The deal, which is pending approval from the Office for the Treasury and Public Credit, is expected to financially strengthen… Read More
Latin America-focused private equity fund manager Linzor Capital Partners has sold a 30 percent stake in Mexico-based Universidad Tecnológica Latinoamericana (UTEL) to Australian Stock Exchange-listed online training and employment services company Seek for US$20.5 million. UTEL offers online higher education services, with doctoral, masters, bachelor and high-school programs. Read More
Real estate investment and development company LatAm Logistic Properties (LLP) has raised US$77 million in new funding arranged by real estate-focused emerging markets investment firm Jaguar Growth Partners. The transaction was structured as a co-investment from new and existing institutional investors. LLP operates Class A warehouse and logistics facilities in… Read More
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