Global private equity fund manager Northgate Capital has led an MXN530 million (approximately US$28.4 million) investment in Mexico-based hotel developer and operator Grupo Estancias Extendidas (Extended Suites) with participation from Mexico-focused private equity firm Alta Growth Capital. The company will use the capital to boost its expansion plan of adding… Read More
Grupo Hotelero Santa Fe, a Mexico-based hotel operating platform backed by private equity firm Nexxus Capital, has raised MXN1.83 billion (approximately US$98.3 million) in a follow-on primary public offering. The offering took place through a modified Dutch auction on the Mexican Stock Exchange and Chile and Peru under the regulatory… Read More
Brazil-focused private equity firm Gávea Investimentos has agreed to sell its 31.75 percent stake in Brazil-based rice and bean producer Camil Alimentos to global private equity firm Warburg Pincus. Gávea Investimentos originally invested in Camil Alimentos in 2011 through GIF IV. Financial details of the transaction were not disclosed. Read More
Development finance institution International Finance Corporation (IFC) and IFC Asset Management Company (IFC AMC), a wholly-owned subsidiary of IFC, have invested US$140 million in Consorcio Financiero, a Chile-based financial services company focused on the insurance and banking sectors. IFC and IFC AMC contributed US$100 million and US$40 million, respectively to… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has agreed to sell its stake in Brazil-based fuel distributor Alesat Combustíveis (ALE) to Brazil-based fuel company Ipiranga Produtos de Petróleo. The total value of the acquisition of ALE by Ipiranga is BRL2.1 billion (approximately US$614 million). Darby Private… Read More
Mexico-focused private equity firm Nexxus Capital has agreed to invest in Mexico-based Fondo de Transporte México, a holding company focused on the logistics, cargo, personnel and student transportation sectors. The transaction will be structured though Nexxus Capital VI. Financial details of the transaction, which is pending certain closing conditions including… Read More
Pátria Investimentos, a Brazil-focused private equity firm partially owned by The Blackstone Group, will invest BRL450 million (approximately US$126 million) in Brazil-based data center company ODATA. The company received an initial investment of BRL200 million (approximately US$56 million), which will be used to build a data center in Santana de… Read More
Mexico-based lending platform Konfio has raised a US$8 million financing round from financial services-focused venture capital firm Quona Capital, private equity firm QED Investors and two Latin America-focused venture firms: Kaszek Ventures and Jaguar Ventures. Quona Capital structured its contribution through the Accion Frontier Inclusion Fund. Konfio intends to use… Read More
EMPEA’s Currency Risk Management Survey is the first pan-emerging markets exploration of the impact of currency volatility on the private equity industry. The survey features the views of 146 industry practitioners, and aims to provide the industry with a better understanding of how both GPs and LPs* report and manage exchange rate… Read More
Properati, an Argentina-based online and mobile platform for the Latin American real estate market, has received a US$2 million investment from venture capital firm NEVEQ Capital Partners, accelerator and seed fund NXTP Labs and private company Telor International. NEVEQ structured its contribution through NEVEQ II. Properati plans to use the… Read More
(default archive template)