North and South America-focused private equity firm Arroyo Energy Investors has acquired the Chilean operations of independent power company Pattern Energy Group for US$71 million in cash. Pattern’s Chilean operations mainly consist of its 81-megawatt ownership interest in the 115-megawatt El Arrayán Wind project. Read More
Global impact asset manager Finance in Motion and timber sector advisory company Unique have reached a first close for the sustainable forestry-focused Arbaro Fund with US$60 million in capital commitments. Investors in the fund include development finance institutions the European Investment Bank, which committed US$20 million, and Finnfund, Austrian fair-practice… Read More
Mexico-focused real estate group Be Grand has raised MXN4 billion (approximately US$211 million) via the listing of a Certificado de Capital de Desarollo (CKD) on the Mexican Stock Exchange. Investors in the CKD include Mexican pension fund Afore XXI Banorte, Mexican bank Citibanamex, Singaporean sovereign wealth fund Temasek Holdings and… Read More
South America-focused asset management firm Credicorp Capital, in partnership with real estate developer Greystar Real Estate Partners, has raised more than US$100 million for its Chile-focused real estate fund, Fondo Renta Residencial II. Investors in the fund include family offices and insurance companies. The fund will invest in five to… Read More
Brazil-focused private equity fund manager Patria Investments has acquired a 75 percent stake in Brazil-based health care provider Vitória Apart Hospital. The hospital specializes in complex medical procedures, advanced research and medical education initiatives. Financial details of the transaction were not disclosed. Read More
Brazil-focused alternative asset manager Bozano Investimentos has invested in Brazil-based fintech startup Paggcerto through Criatec 2. The company offers payment and invoice factoring solutions to small businesses in Brazil. Financial details of the transaction were not disclosed. Read More
U.S.- and Latin America-focused private equity fund manager ACON Investments has sold Panama-based Hidrotenencias to EnfraGen Spain, an energy-focused platform backed by U.S.-based investment firm Glenfarne Group. ACON originally invested in Hidrotenencias, which operates three run-of-the-river hydropower plants in Panama, in 2012 through ACON Latin America Opportunities Fund. Financial details… Read More
Grupo VI-DA, an Argentina-based developer of digital education products, has raised a financing round from emerging markets-focused venture capital firm Elevar Equity, philanthropic investment firm Omidyar Network and The Rise Fund, TPG’s global impact investment private equity fund. Grupo VI-DA plans to use the new funds to further develop its… Read More
The Brazilian subsidiary of Switzerland-based commodity trader Glencore has agreed to acquire a 78 percent stake in ALE Combustíveis¸ a Brazil-based fuel distributor, from Brazil-based conglomerate Asamar Group, ALE’s CEO Marcelo Alecrim and Darby Private Equity, the private capital arm of Franklin Templeton Investments. Prior to the transaction, Asamar, Alecrim… Read More
Mexico-focused early-stage and growth equity fund manager Dalus Capital has led a US$3 million Series A round for Sirena, a Mexico-based developer of communications software for businesses. Latin America-focused accelerator and early-stage investment firm NXTP Labs also participated in the funding round. The company plans to use the funds to… Read More
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