U.S.-based discount retailer Walmart has agreed to acquire Cornershop, a U.S.-based grocery delivery company serving customers in Mexico and Chile, for US$225 million. Cornerhsop is backed by philanthropic investor Endeavor Catalyst, the Grupo Bimbo family office and venture capital firms ALLVP, Accel Partners, Creandum and Jackson Square Ventures. The transaction… Read More
Global asset manager BlackRock has raised US$500 million for BlackRock México Infraestructura III via the listing of a Certificado de Proyectos de Inversión (CerPi) on the Mexican Stock Exchange. The fund, which was listed under the ticker symbol BLKCPI 18, will invest in energy, transportation, water and social infrastructure projects… Read More
Download the full press release here. Washington, D.C., 6 September 2018: Private capital fundraising and investment activity in emerging markets (“EM”) increased by 11% and 21%, respectively, in the first half of 2018, driven predominantly by activity in Emerging Asia, according to EMPEA’s latest… Read More
Global growth markets investor Actis has purchased the rights to construct 197 megawatts of wind power projects in Brazil from Voltalia, a France-based renewable electricity producer and service provider. Completed through Actis’ Brazil-based wind power platform Echoenergia, the deal will authorize the firm to build wind projects on Voltalia-owned sites… Read More
Brazil-focused alternative investment fund manager Vinci Partners has acquired the Brazilian operations of international restaurant chain Domino’s Pizza from Brazil-based restaurant operator Grupo Trigo. Vinci reportedly plans to increase Domino’s media exposure in São Paulo and invest up to BRL250 million (approximately US$61 million) to open an estimated 500 new… Read More
The EMPEA Data Insights are quarterly updates of high-level trends and notable developments in all major emerging market regions plus Brazil, China, and India. The Data Insights offer unique access to EMPEA’s statistics at the regional and country level and provide detailed analytics of fundraising trends and deal flow. … Read More
Brookfield Business Partners, Brookfield Asset Management’s listed investment vehicle focused on the business services and industrials sectors, has agreed to acquire a 55 percent stake in Brazil-based Ouro Verde Locação e Seviços for US$170 million. Ouro Verde leases heavy equipment and light vehicles to corporate clients under multi-year contracts and… Read More
Private investment firm DST Global has led a US$200-million financing round for Colombia-based on-demand delivery startup Rappi, valuing the company at more than US$1 billion. Existing investors Sequoia Capital and Andreessen Horowitz also participated in the round. Rappi delivers beverages, meals, groceries, technology products and medicine. The company also has… Read More
Mexico-focused private equity fund manager EMX Capital has agreed to fully exit Mexico-based specialized cargo transportation company Autotransportes El Bisonte, selling its controlling stake to Mexico-listed transportation company Grupo Traxion. EMX originally invested in Bisonte through EMX Capital Partners I in 2014. Financial details of the transaction, which is subject… Read More
Global private equity fund manager Advent International, which agreed to acquire an 80 percent stake in Walmart Brasil in June 2018, has agreed to invest BRL1.9 billion (approximately US$463 million) in the company’s existing operations across three installments. Advent, which completed the first capital increase of BRL750 million (approximately US$183… Read More
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