Darby Private Equity, the private equity and mezzanine arm of Franklin Templeton Investments, has reached a final close for Darby Latin American Private Debt Fund III, reaching its hard cap of US$300 million. Institutional investors from Europe, Asia, the United States and Latin America committed to the fund. The fund… Read More
Mexico-focused private investment fund managers Nexxus Capital and Alta Growth Capital have agreed to invest in Mexico-based retailer Grupo Turistore. Nexxus will invest through Nexxus Capital VI. Grupo Turistore operates 56 stores across Mexico, focusing on key beach destinations for tourists. Financial details of the transaction, which is subject to… Read More
Brazil-based payments and financial technology company StoneCo has raised US$1.2 billion in its initial public offering (IPO) on NASDAQ. The offering included 46 million newly issued shares and a secondary offering of 5 million shares sold for US$24 per share. gStoneCo is backed by various investors, including private investment fund… Read More
Brazil-focused alternative asset manager Patria Investments has reached a final close for Patria Crédito Estruturado with BRL1.2 billion (approximately US$312 million) in capital commitments. Development finance institutions BNDES, IFC and IDB Invest committed BRL250 million (US$65 million), BRL188 million (US$49 million) and BRL160 million (US$42 million), respectively, to the fund. Read More
Global multi-strategy private equity firm Siguler Guff & Company has raised US$309 million for Siguler Guff Brazil Special Situations Fund. Investors in the fund include the University of Michigan Regents, which committed US$100 million. The fund will invest in legal claims against Brazilian government entities. Read More
Arco Educação, a Brazil-based company providing curriculum, teacher training and consulting services to educational institutions, has raised US$194 million via its initial public offering on Nasdaq. The company, which is backed by global growth equity firm General Atlantic, sold approximately 11.1 million shares at a price of US$17.50 per share… Read More
Growth equity firm Great Hill Partners has agreed to exit Brazil-based data center operator Ascenty to Digital Realty Trust, a U.S.-based data center company, and Brookfield Infrastructure, an affiliate of global alternative asset manager Brookfield Asset Management, for US$1.8 billion. The acquiring consortium will provide an additional US$425 million in… Read More
Global alternative investment manager KKR has raised US$500 million via the listing of a Certificado de Proyectos de Inversión (CerPi) on the Mexican Stock Exchange (BMV). The fund, which was listed under the ticker symbol KKR2PI 18D, will commit to other KKR investment vehicles and make co-investments in Mexico-based companies. Read More
Global impact investment firm Creation Investments Capital Management has invested MXN250 million (approximately US$13 million) for a minority stake in Mexico-based financial services company Pluscorp. Through its subsidiaries Sofoplus and Plusleasing, Pluscorp provides a range of credit products to individuals and companies. Read More
Private equity fund managers Alta Growth Capital (AGC) and The Abraaj Group have invested US$100 million for a majority stake in Docuformas, a Mexico-based company that distributes and finances office equipment. Funds managed by AGC and Abraaj purchased a 51.31 percent stake from Docuformas chairman Adam Peter Jan Wiaktor Rynkiewicz,… Read More
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