Rapsodia, an Argentina-based women’s apparel group backed by global consumer-focused private equity fund manager L Catterton, has acquired Argentina-based children’s fashion retailer Baby Cottons. The company operates across 23 directly owned locations and eight franchises in various countries in Latin America, as well as the United States and Kuwait. Financial… Read More
Global energy and infrastructure-focused fund manager EIG Global Energy Partners has invested BRL452 million (approximately US$139 million) in Brazil-based industrial port operator Prumo Logística Global via a tender offer. EIG, which originally invested in Prumo in 2013, acquired 39.3 million shares for BRL11.50 (approximately US$3.53) per share, resulting in a… Read More
Ainda Energia & Infraestructura, the fund management affiliate of Mexico-based energy and infrastructure-focused investment advisory firm Ainda Consultores, has raised MXN4.4 billion (approximately US$236 million) via the listing of a Certificado de Capital de Desarollo (CKD) on the Mexican Stock Exchange. The fund, listed under the ticker AINDACK 18, will… Read More
Brazil-based financial services and technology startup Nubank has raised a US$150 million investment round led by venture capital firm DST Global. New investors Dragoneer Investment Group and Thrive Capital Partners also participated in the round alongside existing investors Founders Fund, Redpoint Ventures, Ribbit Capital and QED Investors. Nubank plans to… Read More
Brazil-focused private equity fund manager Portcapital has invested more than BRL3 million (approximately US$1 million) in Brazil-based flight simulation startup Virtual Avionics, through the Embraer-backed aerospace and defense vehicle Fundo Aerospacial. Virtual Avionics plans to use the funds to manufacture and market virtual cockpits for pilot training. Read More
EMPEA Members log in to receive exclusive access to the detailed report (PDF) and underlying data (Excel). Download the Year-End 2017 Statistics (PDF) » Fundraising highlights from EMPEA’s Year-End 2017 Industry Statistics: The composition of fundraising by strategy has shifted as venture capital, infrastructure and private credit… Read More
Brazil-focused alternative investment fund manager Vinci Partners has agreed to sell its stake in Brazil-based fashion and lifestyle company Inbrands to businessman Nelson Alvarenga Filho. Inbrands’ portfolio includes Ellus, Richards, VR Collezioni, Mandi, Salinas and others. Financial details of the transaction were not disclosed. Read More
Global private equity fund manager Advent International has reportedly sold its stake in Brazil-based education company Faculdade da Serra Gaúcha to Brazil-based Cruzeiro do Sul Educacional in a transaction valuing the company at BRL340 million (approximately US$104 million). Advent originally invested in the company in March 2015. Read More
Global growth markets investor The Abraaj Group has invested in the Mexico-based subsidiary of Panama-based Selina, an operator of hotels and resorts equipped with co-working spaces for budget-conscious travelers. Financial details of the transaction were not disclosed. Read More
Impact investment fund manager responsAbility Investments has fully exited its minority stake in Peru-based microfinance institution Financiera Confianza to majority shareholder Fundación Microfinanzas BBVA. Confianza provides microcredit and deposit services across 147 branches with a focus on the rural areas of Peru. responsAbility originally invested in Confianza in 2008. Financial… Read More
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