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
Pan-emerging markets private equity firm Actis has agreed to sell Guatemala-based private electricity distribution company Energuate to I.C. Power, a developer and operator of power generation facilities in Latin America, for US$229.5 million. I.C. Power will acquire the company from Deorsa-Deocsa Holdings, an investment company of Actis. The acquisition is… Read More
Global growth equity firm General Atlantic has committed to invest BRL600 million (approximately US$150 million) in Brazil-based drugstore retail chain Empreendimentos Pague Menos (Pague Menos Pharmacies) for a 17 percent stake in the company. As part of the deal, Pague Menos will issue BRL440 million (approximately US$110 million) worth of… Read More
Mexico-focused growth equity and venture capital investor LIV Capital has made a follow-on investment in Mexico-based digital animation company Ánima Estudios. The transaction was structured through Latin Idea México Venture Capital Fund III. LIV Capital originally invested in the company in July 2013. Financial details of the transaction were not… Read More
Global private equity firm Capital Group Private Markets has sold its stake in Brazil-based educational institution Grupo Ibmec Educacional to global educational services provider DeVry Education Group. The exit was part of DeVry’s acquisition of a 96.4 percent stake in the company for a total of BRL699 million (approximately US$180… Read More
Latin America-focused private equity firm Linzor Capital Partners has agreed to acquire the Mexico-based equipment lending and leasing business of multinational conglomerate General Electric. The transaction includes over US$1.1 billion in assets. Financial details of the transaction, which is subject to regulatory approval and expected to close in the first… Read More
Brazil-focused private equity firm Alothon Group has acquired a controlling interest in Brazil-based holding company Grupo MPR. The transaction was structured through Alothon Fund III. Grupo MPR’s main commercial activities are in its ownership of Brazil-based cleaning product and consumer good producer CNA and Brazil-based industrial alcohol provider Alcool Ferreira. Read More
Global investment firm Tiger Global Management has participated in a US$30 million Series C round for Argentina-based e-commerce company Avenida. The round was led by multinational internet and media group, Naspers. Avenida, which was launched in 2013 and reportedly processes 20,000 orders a month, will use the new capital to… Read More
Peru-focused private equity firm Nexus Group has sold a 9.94 percent stake in Cineplex, a Peru-based company that owns and operates cinema chain Cineplanet. Nexus Group, which is a shareholder in Cineplex via its subsidiary Nexus Films, continues to hold a 90.5 percent stake in the company. Financial details of… Read More
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