Growth markets investor Actis has acquired the 110-megawatt El Pelicano Solar Plant in Chile. The plant, which commenced operation in November 2017, is expected to deliver 300 gigawatt hours per year of electricity to Metro de Santiago, Santiago’s underground railway system. Metro de Santiago will buy the power generated by… Read More
Mexico-focused private equity firm Nexxus Capital has reached a first close for Nexxus Iberia Private Equity Fund I with EUR130 million (approximately US$159 million) in capital commitments. Investors in the fund include institutional investors, high-net worth individuals and family offices from Mexico and Spain. The fund, which has a target… Read More
Mexico-focused impact investment fund manager Adobe Capital has reportedly raised US$40 million in capital commitments for Adobe Mezzanine Fund II. The fund, which will invest via mezzanine structures with royalty-based repayment terms, targets companies in Latin America that seek to solve social and environmental problems with scalable business models. Read More
Peru-focused private equity fund manager Enfoca has completed the restructuring of its Enfoca Descubridor 1, Enfoca Discovery 1 and Enfoca Descubridor 2 funds into a new investment fund with more than US$950 million in capital commitments. The transaction was led by Canada Pension Plan Investment Board (CPPIB), which committed US$380… Read More
Mexico-focused impact investment firm Promotora Social Mexico, along with Latin America-focused accelerator and seed fund NXTP Labs and undisclosed family offices and angel investors, has invested in Chile-based education technology company Lab4U. The company, which develops mobile applications that utilize tablet and mobile phone sensors to create science experiments, plans… Read More
Pátria Investimentos, a Brazil-focused private equity firm partially owned by The Blackstone Group, has raised US$484.2 million for Pátria Private Equity Fund VI. The firm—which also manages infrastructure, real estate and credit platforms—primarily targets buyout and growth opportunities across various sectors in Brazil and other Latin American countries through its… Read More
Growth markets investor Actis has agreed to acquire the Mexico assets of global energy infrastructure developer and operator InterGen for an enterprise value of US$1.26 billion. The assets include six combined-cycle gas turbine projects and a wind power project with a combined capacity of 2,355 megawatts, as well as three… Read More
By Ann Marie Plubell, Vice President, Regulatory Affairs, EMPEA Introduction The complexity of tax considerations on the strategic decision to select and enter an emerging market cannot be denied. The value of early tax analysis from multiple perspectives for both the funds (here termed “GPs”) and the investors in… Read More
By Owen Lysak, Clifford Chance LLP The UK has had its first general election since it voted to leave the European Union (EU) last year, just weeks ahead of the start of Brexit negotiation talks. The asset management industry continues to face a period of uncertainty whilst we wait… Read More
The EMPEA Summer Bulletin focuses on various topics including the changing relationship between the United Kingdom and the European Union, recent currency and policy developments in China (particularly, the “One Belt Road” policy) and the likely impact of a new bankruptcy code on private credit and private equity industry… Read More
(default archive template)