Caribbean- and Central America-focused fund manager Portland Private Equity has reportedly completed a follow-on investment in Jamaica-based holding company Diverze Assets. Portland originally invested in Diverze Assets in 2017 through Portland Caribbean Fund II. The company’s subsidiaries include recreation and travel service provider Chukka Caribbean Adventure, automotive products distributor Tropical… Read More
Mexico-focused mid-market private equity fund managers Glisco Partners and Discovery Americas have raised US$72 million via the listing of a Certificado de Proyectos de Inversión (CerPi) on the Mexican Stock Exchange. The fund, which will back Mexico-based mid-sized and pre-IPO companies, listed under the ticker symbol GDISPI 18 and is… Read More
Mexico-focused private equity fund manager Alta Growth Capital (AGC) has acquired a 100 percent stake in EAS Systems, a Mexico-based provider of security tags, surveillance systems and other loss prevention products to retailers. AGC invested in the company through Mexico Fund II. EAS currently operates in Mexico, Central America and… Read More
Criatec 2, the early-stage venture capital fund managed by Brazil-focused alternative asset managers Bozano Investimentos and Triaxis Capital, has sold its stake in Brazil-based e-commerce company Digital Commerce Group (DCG) to Brazil-listed software developer Linx. Linx will acquire the company for a total of BRL49 million (approximately US$13 million) in… Read More
Aqua Capital, an agribusiness private equity fund manager focused on control investments in South America, has acquired a majority stake in Brazil-based dairy company Lac Lélo for BRL100 million (approximately US$26 million). The company, which produces various types of cheese and dairy products, plans to partner with Aqua to expand… Read More
The year promises to be an active one for regulatory initiatives and the EMPEA Winter Bulletin focuses on positive as well as challenging developments including the impact of MiFID II in the UK on emerging market fund managers, recent shareholder and creditor pre-investment corporate restructuring limitations in Nigeria, the relaxation of licensing and registration for private, non-real estate investment funds and asset… Read More
Global natural resource-focused private equity fund manager EMR Capital has agreed to acquire Chilean copper mine Cerro Colorado from Australia-based resources company BHP for US$230 million. BHP will receive an additional US$40 million in proceeds from the post-closing sale of Cerro Colorado’s copper inventory, as well as up to US$50… Read More
Balam Fund, a Mexico-focused clean energy fund managed by emerging markets-focused fund manager The Rohatyn Group and real estate- and energy-focused investment group BK Partners, has acquired a Mexican solar power project from Spain-based developer Dhamma Energy. The 37-megawatt photovoltaic plant in the state of San Luis Potosi is expected… Read More
Latin America-focused growth-stage private equity fund manager LIV Capital and Singaporean sovereign wealth fund Temasek Holdings have acquired a 32 percent stake in Grupo Diagnóstico Proa, a Mexico-based operator of clinical diagnostic laboratories. The company, which operates 275 branches across Mexico under the Chopo brand, intends to use the funding… Read More
This Bulletin contains practical guidance for industry investors, managers, practitioners and policy makers. It provides a thoughtful analysis of why it’s critical to get the governance right at private companies, flags imminent changes to the Cayman Islands anti-money laundering (AML) regime, clarifies changes in the private fund environment in Brazil and… Read More
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