International private equity investment firm ACON Investments has completed an investment in BetterWare de México, a Mexico-based seller of home organization products. The transaction was structured through ACON Latin America Opportunities Fund IV. Financial details of the transaction were not disclosed. Read More
Global private equity firm Advent International has agreed to invest MXN800 million (approximately US$51 million) for a minority stake in Mexico-based retail banking company Grupo Financiero Mifel. Mifel will use the capital injection to strengthen its capital structure and support its goal of achieving continued growth in Mexico. The transaction… Read More
Mexico-focused growth equity and venture capital investor LIV Capital has acquired a controlling stake in WOBI, a Mexico-based management content production and distribution firm. WOBI intends to use the fresh funding to consolidate its position in Latin America and expand in international growth markets. Financial details of the transaction were… Read More
Global alternative asset manager The Carlyle Group, in partnership with Brazil-based bank Banco do Brasil, has reached a final close for its Brazil-focused buyout fund Fundo Brasil de Internacionalização de Empresas II with BRL700 million (approximately US$225 million) in capital commitments. The fund was raised primarily from Brazil-based institutions and… Read More
Brazil-focused private equity firm DLM Invista has agreed to purchase a minority stake in Brazil-based enterprise mobility solutions provider Navita. Navita previously received funding from venture capital firms Invest Tech and Intel Capital in 2009 and 2014, respectively. Financial details of the transaction were not disclosed. Read More
Latin America-focused private equity fund manager Tribeca Asset Management has fully exited Colombia-based Operador del Terminal de Carga Aeropuerto Internacional El Dorado, operator of Bogota CargoCity, the air cargo terminal at Bogota’s El Dorado International Airport. The investment returned US$56.5 million, resulting in a reported IRR of 22.9 percent and… Read More
Mexico-focused fund of funds manager Fondo de Fondos has raised MXN3.3 billion (approximately US$219 million) for a new vehicle, which will make both fund investments and co-investments in private equity, infrastructure and real estate. It is structured as a CKD (Certificado de Capital de Desarrollo), a vehicle listed on the… Read More
Brazil-focused alternative investment and asset management firm Vinci Partners has sold a 10 percent stake in Brazil-listed energy holding company Equatorial Energia via a share sale worth BRL522 million (approximately US$183 million). Vinci Partners continues to hold a 12.9 percent stake in the company. Read More
ContaAzul, a Brazil-based provider of accounting and invoicing software to small- and medium-sized enterprises, has received a Series C funding round from venture capital firm Ribbit Capital, with participation from global investment firm Tiger Global Management and venture capital firms 500 Startups, Monashees Capital and Valar Ventures. The company intends… Read More
Antonio Felix de Araujo Cintra, Partner at TozziniFreire Advogados, comments on the business and economic impact of the current crisis surrounding Petrobras, the Brazilian state-controlled oil and gas company and the largest company in Brazil. Petrobras is under investigation by the Brazilian Federal Police and the Federal Prosecutors Office for alleged… Read More
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