Venture capital firm Monashees Capital and Qualcomm Ventures, the venture capital arm of technology company Qualcomm, have invested BRL6 million (approximately US$1.9 million) in Meus Pedidos, a Brazil-based producer of mobile catalogs for sales professionals. The investment will be used to expand the company’s employee base. … Read More
United States- and Latin America-focused international private equity investment firm ACON Investments has acquired Intecplast, a Colombia-based rigid plastic packaging manufacturer focused on personal care, cosmetics and pharmaceuticals, and Pieriplast, a Peru-based supplier of luxury packaging solutions for the direct sales cosmetics industry in the Andean Region. Intecplast and Pieriplast… Read More
International Finance Corporation (IFC), a development finance institution, IFC Asset Management Company (AMC), a wholly-owned subsidiary of IFC, and Bertelsmann, a global media, services and education company, have invested in Brazil-based corporate training company Affero Lab. AMC’s investment was structured though IFC African, Latin American, and Caribbean Fund. Post-transaction, Bertelsmann… Read More
Nubank, a Brazil-based mobile credit card company, has raised US$30 million in a Series B round of funding led by global investment firm Tiger Global Management. Existing investors in the company—venture capital firms Sequoia Capital, Kaszek Ventures and QED Investors—also participated in the round. Nubank will use the investment to… Read More
SparkLabs Global Ventures, a global seed stage fund, has invested in Dating LATAM, a Peru-based online dating start-up that operates the website MiMediaManzana.com. Financial details of the transaction were not disclosed. Read More
GTIS Partners, a real estate private equity firm, and GP Investments, an alternative investments firm in Latin America, have concluded a US$400 million take-private of Brazil-listed hotel operator Brazil Hospitality Group (BHG). The deal gave GTIS Partners an approximately 70 percent stake in the newly-private company, with the remainder of… Read More
Brazil-focused alternative investment and asset management firm Vinci Partners has sold its remaining 10.5 percent stake in Brazil-listed energy holding company Equatorial Energia for BRL700 million (approximately US$231 million). Vinci had previously exited a ten percent stake in the company in February 2015. Read More
Colombia-focused private equity fund manager Tribeca has fully exited its stake in Termocandelaria Power (TPL), a Colombia-based thermal energy generation company. Tribeca initially invested in TPL in 2009 and 2010, and held a 60.8 percent stake in the company. The firm’s exit resulted in a reported cash multiple of 2.2x… Read More
Latin America-focused asset management firm Linzor Capital Partners has closed its third fund, Linzor Capital Partners III (LCP III), with US$621 million in capital commitments, reaching the fund’s hard cap. Investors included pension plans, asset managers, insurance companies, sovereign wealth funds, endowments, foundations and family offices. Approximately 40 percent of… Read More
Philanthropic investment firm Omidyar Network and Japan-based conglomerate Mitsui & Co. have led a US$7 million Series B financing round for Geekie, a Brazil-based education technology company. Brazil-focused investment company Gera Venture and Virtuose—an entity owned by the Brazilian Gradin family, also participated in the round. Both are existing investors… Read More
(default archive template)
