Aqua Capital, a private equity firm focused on growth investments in mid-market companies in Latin America, has held a first close for its second fund, Agribusiness Latin America Fund II, with US$188 million in capital commitments. Investors in the fund included United States-based endowment University of Texas Management Company and… Read More
Mexico-focused venture capital firm Antoni & Lelo de Larrea Venture Partners (ALLVP) has invested in Weex, a Mexico-based mobile virtual network operator. The company offers a platform on which users can create their own personalized mobile phone plans from a selection of talk, text and data bundles. Financial details of… Read More
Global private equity fund manager Northgate Capital has invested MXN200 million (approximately US$11 million) in Mexico-based leasing solutions provider ABC Leasing. Northgate also has the option to inject an additional MXN100 million (approximately US$5.5 million) in the company over the next 18 months. With Northgate’s support, ABC Leasing will open… Read More
Mexico-focused private equity fund manager EMX Capital has acquired the Mexico unit of fire and safety products, systems and service provider Kidde. The company manufactures smoke and carbon monoxide detectors, fire extinguishers and safety accessories for both homes and businesses. Financial details of the transaction were not disclosed. Read More
Bamboo Finance, a private equity firm specializing in investing in essential services sectors in emerging economies, has invested US$6 million as part of a Series B financing round for Colombia-based banking correspondent agent network MovilRed. The transaction was structured through Bamboo Finance Financial Inclusion Fund II. MovilRed offers financial and… Read More
International investment group Axon Partners Group has invested US$2 million in Mercadoni, a food delivery platform operating in Mexico and Colombia. The transaction was structured through Axon’s Amerigo Pacific Ventures fund vehicle. With Axon’s support, Mercadoni plans to consolidate its market position in Mexico and Colombia. … Read More
Nexxus Capital has completed the acquisition of Mexico-based multi-brand restaurant platform Invesionistas en Restaurantes de Carnes y Cortes (IRCC). The acquisition was funded through a capital increase in diversified platform Taco Holding by Nexxus VI and Nexxus VI Trust, funds managed by Nexxus Capital. Taco Holding is a portfolio company… Read More
Mexico-focused growth equity and venture capital investor LIV Capital has reached a first close on its Mexico Growth Fund IV with MXN2.88 billion (approximately US$168 million) in capital commitments. LIV Capital raised the first close amount through a Certificado de Capital de Desarrollo (CKD) on the Mexican Stock Exchange, representing… Read More
Global alternative asset manager Global Environment Fund has invested BRL20 million (approximately US$5 million) in Brazil-based engineering company Tecverde Engenharia for a 35 percent to 40 percent stake. Tecverde produces building materials used in home construction. Read More
Global asset management company Black River Asset Management has completed the purchase of two Brazil-based sugarcane mills from Brazil-based sugar and ethanol company Ruette Group. The deal totaled BRL830 million (approximately US$209 million), including BRL530 million (approximately US$134 million) in debt financing. The transaction was structured through Black River Agriculture… Read More
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