Accion’s Frontier Investments Group, a venture equity initiative focused on the financial sector in emerging markets, and Redpoint eventures, a Brazil-focused venture capital firm, have invested BRL10 million (approximately US$2.9 million) in a Series A round of funding for Brazil-based consumer lending company BankFacil. The company secures its loans with… Read More
Download the full brief here. Why Do First-time Funds Matter? First-time funds, defined here as an asset manager’s first private equity (PE) vehicle, have historically accounted for a significant share of fundraising activity in emerging markets (EM). Between 2008 and the first quarter of 2015, 286 first-time funds… Read More
Global private equity fund manager Northgate Capital has acquired a majority stake in Elara Comunicaciones, a Mexico-based satellite telecommunication and technology services company. Northgate will invest up to US$38 million in the company through both primary and secondary transactions. Elara will use the fresh capital to expand its product offerings… Read More
Global private equity fund manager Northgate Capital has acquired a 49 percent stake in Grupo Diniz, a Mexico-based operator of entertainment centers under the Recórcholis! brand. The fresh capital will support the company’s plan to expand its number of entertainment centers in Mexico over the next five years. Financial details… Read More
Global private equity firm Advent International has agreed to acquire a 30 percent stake in LifeMiles, a Latin America-focused operator of an airline loyalty program, for US$343.7 million. Advent will purchase the stake from Avianca Holdings, a company that integrates several Latin American airlines under the Avianca brand. Post-transaction, Avianca… Read More
PSafe Tecnologia, a Brazil-based cloud computing security software company, has received US$30 million in a financing round from venture capital firms Redpoint, Pinnacle Ventures and Redpoint e.ventures, as well as China-based internet security company Qihoo 360. PSafe will use the funds to accelerate its growth and expand within Latin America. Read More
Brazilian private equity firm Gávea Investimentos has invested more than BRL100 million (approximately US$32 million) for a minority stake in Brazil-based debt collection company Paschoalotto Serviços Financeiros. The company has more than 8,000 employees and operates throughout Brazil. Read More
Global investment firm Tiger Global Management has led a BRL40 million (approximately US$13 million) funding round for Brazil-based GetNinjas, an operator of a website for connecting contracting services with customers. GetNinjas, which existing counts venture capital firms Monashees Capital and Kaszek Ventures as shareholders, will use the fresh funds to… Read More
Actis, a pan-emerging markets private equity firm, and Mesoamerica, an investment and advisory firm focused on Spanish-speaking Latin America, have agreed to sell their combined 100 percent stake in Costa Rica-based wind and solar energy company Globeleq Mesoamerica Energy (GME) to global renewable energy company SunEdison. Actis will sell its… Read More
Latin America-focused private equity firm Southern Cross Group has sold its stake in Grupo Expansión, a Mexico-based publishing company, for US$65 million to Nacer Global, a Mexico-based conglomerate and publisher of financial newspaper El Economista. Grupo Expansión publishes 17 magazines and 11 websites. Read More
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