Global private equity firm Advent International has agreed to acquire Brazil-based auto parts distributor Fortbras Group through its Latin American Private Equity Fund VI. The transaction, which is subject to regulatory approval and customary closing conditions, is expected to be completed in the third quarter of 2016. Financial terms of… Read More
Development finance institution International Finance Corporation (IFC) and IFC Asset Management Company (IFC AMC), a wholly-owned subsidiary of IFC, have invested BRL125 million (approximately US$40 million) in Brazil-based water supply and wastewater treatment company Aegea Saneamento e Participações. Each investor contributed BRL62.5 million (approximately US$20 million), with IFC AMC investing… Read More
Global alternative asset manager The Carlyle Group and individual investor Guilherme Paulus have sold a combined 45 percent stake in Brazil-based travel agency CVC Brasil Operadora e Agência de Viagens via a secondary offering with restricted distribution on the BM&FBOVESPA. Carlyle and Paulus, who co-founded CVC in 1972, sold 60… Read More
Venture capital firm Redpoint e.ventures has bought a 20 percent stake in Olist, a Brazil-based company that helps small businesses to sell their products on e-commerce websites. Olist plans to use the capital raised for the development of data analysis tools and process automation. Financial details of the transaction were… Read More
Mexico-focused private equity fund manager EMX Capital has acquired a 100 percent stake in Mexico-based aluminum products manufacturer Consorcio Industrial Valsa. With EMX Capital’s support, Valsa will expand operations, increase productivity and improve its customer service. Financial details of the transaction were not disclosed. Read More
Latin America-focused private equity firm Kandeo has reportedly acquired Peru-based automotive lender Acceso Crediticio for US$51 million. The transaction represents Kandeo’s first investment in Peru. Read More
FIR Capital BZPlan, a partnership between Brazil-focused private equity firms FIR Capital Partners and BZPlan, has sold its stake in Brazil-based freight management company Axado to Argentina-based e-commerce company Mercado Libre for BRL26 million (approximately US$7.9 million). FIR Capital BZPlan originally invested in the company in 2013 in a transaction… Read More
Colombian private equity fund manager Tribeca Asset Management has agreed to sell its 50.2 percent stake in Colombia-based oil and gas exploration, development and production company Petrolatina Energy (PELE) to Canada-based exploration and production company Gran Tierra Energy for US$264 million. Tribeca originally invested in PELE in 2008 in a… Read More
Global alternative asset manager The Carlyle Group has invested in Inca Rail, a train operator in Peru that transports tourists to Machu Picchu. The investment was structured through Carlyle Peru Fund and Carlyle South America Buyout Fund. Carlyle will partner with Inca Rail’s current shareholders and management to improve the… Read More
Aqua Capital, a private equity firm focused on growth investments in mid-market companies in Latin America, has acquired a controlling stake in Brazil-based agricultural inputs distribution company Rural Brasil for a reported BRL86 million (approximately US$26 million). Aqua Capital now holds a 60 percent stake in the company. Rural Brasil… Read More
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