Brazil-focused private equity firm Gávea Investimentos sold shares worth BRL690 million (approximately US$221 million) in Brazil-based medical laboratory Instituto Hermes Pardini in the company’s IPO on Novo Mercado, a segment of BM&F BOVESPA. Gávea originally acquired a 30 percent stake in the company in 2011 through GIF IV. Read More
Global alternative asset manager The Carlyle Group has acquired a minority stake in Brazil-based FS, a technology solutions provider active in digital security, cloud services, insurance, specialized technical support, mobile learning and interactive services. Carlyle invested through Carlyle South America Buyout Fund and Carlyle Peru Fund. Financial terms of the… Read More
Private equity investors 3i Group, Neuberger Berman and Siguler Guff & Company have agreed to sell their interests in Brazil-based eyewear retailer Óticas Carol as part of an EUR100 million (approximately US$118 million) acquisition of 100% of the company by Italy-based eyewear group Luxottica. 3i, Neuberger Berman and Siguler Guff… Read More
Global growth markets investor The Abraaj Group has acquired a majority stake in Chile-based home design and decorations company Casaideas. The company currently operates over 50 stores in Chile, Peru and Bolivia, and it will focus on expanding product availability through the launch of an e-commerce platform. Financial details of… Read More
U.S.- and Latin America-focused private equity firm ACON Investments has completed an investment in Mexico-based Controladora GMI, a manufacturer and provider of modular construction solutions serving the aeronautical, education, housing, retail and industrial sectors. ACON invested through ACON Latin America Opportunities Fund IV. GMI will use the new funds to… Read More
Latin America-focused private equity fund manager Southern Cross Group has acquired Getronics LATAM, a Colombia-based provider of integrated information and communications technology products and services, from global private equity firm OpenGate Capital. OpenGate, which acquired Getronics in 2010, reportedly generated an 11x return multiple on its investment. Financial details of… Read More
The Carlyle Group, China-based conglomerate CITIC and CITIC’s alternative investment arm CITIC Capital Holdings have agreed to acquire the mainland China and Hong Kong businesses of global fast food chain McDonald’s for a total consideration of up to US$2.08 billion. Carlyle will invest through Carlyle Asia Partners IV. After the… Read More
Growth markets investor Actis and investment management firm Mesoamerica have sold their 100 percent stake in Costa Rica-based renewable energy company Globeleq Mesoamerica Energy (GME) to Guatemala-based conglomerate Corporacion Multi Inversiones. Actis originally acquired a 70 percent stake in GME in 2010. GME has an operating capacity footprint of 394… Read More
Download the full report here. The Big Picture: An Introduction to Health Care and Private Equity in Emerging Markets When TMG Capital invested in Brazil-based insulin producer Biomm Technology in 2013, the private equity fund manager saw an opportunity to address growing domestic demand for pharmaceutical products by… Read More
Private investment firm DST Global has led a US$80 million Series D round for Brazil-based mobile credit card platform Nubank. Existing investors Founders Fund, QED Investors, Sequoia Capital and Tiger Global Management, as well as new investors Redpoint Ventures and Ribbit Capital, also participated in the round. Nubank will use… Read More
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