Global asset manager BlackRock and energy-focused private equity firm First Reserve have agreed to acquire a 45 percent stake in two gas pipelines in Mexico—Los Ramones Phase II North and Los Ramones Phase II South—from Mexican state-owned energy company Petróleos Mexicanos (Pemex) for approximately US$900 million. Both projects will benefit… Read More
International Finance Corporation (IFC), a development finance institution, and Riverwood Capital, a technology-focused private equity firm, have invested US$45 million in Netshoes, a Brazil-based sporting goods e-commerce company. The investment will support Netshoes’ expansion in Latin America, as well as the development of its business vertical Zattini, an e-commerce fashion… Read More
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
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