Impact investment fund manager responsAbility Investments has fully exited its indirect equity investment in Peru-based microfinance bank MiBanco to majority shareholder Credicorp. Three responsAbility-managed investment vehicles owned an entity formed to invest in microfinance institutions; in turn, this entity owned a minority stake in MiBanco. Financial details of the transaction… Read More
Key findings from the 2018 Global Limited Partners Survey include: A higher proportion of respondents* plans to increase the dollar value of their commitments to EM PE than in any edition of the survey since 2014, suggesting cautious optimism may be in order for EM-focused fund managers. Read More
By Hayley Brady, Senior Associate and Clare Hubert, Associate at Herbert Smith Freehills Introduction Booking your latest holiday? Ordering a pizza? Selecting your new sofa? The chances are you will be using an online platform. The growth of online platforms, as part of the on-demand economy, is on a constant… Read More
Emerging markets-focused private credit fund manager Cordiant Capital has led a group of three international lenders in providing US$79 million in senior-secured debt financing for Brazil-based wireless tower builder and operator Brazil Tower Company (BTC). The investment forms part of a round totaling US$104 million, the remaining US$25 million of… Read More
Latin America-focused private equity fund manager Victoria Capital Partners has acquired Brazil-based sports nutrition distributor Import Sports. The company is the exclusive distributor in Brazil of brands including Optimum Nutrition, Dymatize, Isopure and Ultimate Nutrition. Financial details of the transaction were not disclosed. Read More
Pay per TIC, an Argentina-based online payment and collection services platform, has raised a new funding round with participation from Latin America-focused accelerator and early-stage investment firm NXTP Labs. The company, which has operations in Argentina and Spain, will use the funding to consolidate its presence in Argentina and expand… Read More
Brazil-based online personal investment consultancy Magnetis has raised BRL17 million (approximately US$5 million) in a Series A funding round led by emerging markets fintech-focused venture capital firm Vostok Emerging Finance and Latin America-focused early-stage venture capital firm Monashees Capital. Redpoint e.ventures and unnamed angel investors also participated in the round. Read More
Emerging markets-focused real estate investment firm Equity International, Goldman Sachs Merchant Banking Division and family office Centaurus Capital, alongside Argentina-focused private investment firm Grupo Pegasus, have partnered to launch ARG Realty Group with an investment of US$300 million. ARG will develop a portfolio of income-producing commercial real estate assets in… Read More
ContaAzul, a Brazil-based developer of cloud accounting software for small companies, has raised approximately US$30 million in a Series D round led by investment firm Tiger Global Management. Endeavor Catalyst, the co-investment vehicle of global investment and entrepreneurship network Endeavor, also participated in the round. ContaAzul plans to use the… Read More
Brazilian technology-focused fund manager Confrapar has led an investment in Brazil-based aerospace company ALTAVE through the Aerotec Fund. Latin America-focused alternative asset manager Bozano Investimentos and Brazil-focused venture capital firm Triaxis Capital also participated in the funding round through their joint early-stage venture capital fund Criatec II. ALTAVE, which manufactures… Read More
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