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
Americas-focused food and agriculture investment firm Arlon Group has acquired a stake in Brazil-based Grano Alimentos. Grano is a manufacturer of packaged frozen vegetable products, selling to food service, retail, private label and industrial clients throughout Brazil. Financial details of the transaction were not disclosed. Read More
Thank you for sharing your thoughts and comments on issues of concern to you and opportunities identified in the EMPEA Legal & Regulatory Bulletin. Your thought leadership and participation through the Bulletin and EMPEA’s other delivery channels inform EMPEA’s engagement with government policymakers and regulators. To deepen that engagement, in… Read More
Latin America-focused private equity firm Southern Cross has agreed to acquire a 70 percent stake in Brazil-based temporary storage solutions provider Tópico. The company intends to use the funds to bolster its operations in Brazil by opening new branches and to expand to other Latin American countries, including Mexico, Colombia… Read More
It has been known that since 2012, and thereafter, having President Peña Nieto taking office, and with the support from opposition politicians, the Mexican government has pushed forward an ambitious set of structural reforms aiming at tackling the most deeply entrenched problems in the country and triggering the overall economic growth by seeking to attract investment,… Read More
Global investment firm Tiger Global has led a Series A financing round for Brazil-based taxi app 99Taxis. Previous backers Monashees Capital, a Brazil-focused venture capital firm, and Qualcomm Ventures, the global investment arm of Qualcomm, also participated in the round. The company intends to use the investment to strengthen its… Read More
P2 Brasil, a private infrastructure investment partnership between Pátria Investimentos and Promon, has agreed to sell NovaAgri, a logistics services provider, to Toyota Tsusho Corporation, a subsidiary of Toyota Group. NovaAgri operates grain warehouses, railway shipment facilities and export terminals in central and northeastern Brazil. P2 Brasil originally acquired the… Read More
Brazil-focused investment firm Valor Capital Group has led a BRL5 million (approximately US$2 million) Series A financing round for Brazil-based SontraCargo, a mobile application for courier delivery services. The company, founded in May 2014, intends to use the capital injection to expand its number of truck drivers and couriers and… Read More
Brazilian antitrust agency CADE has approved multinational electronics conglomerate Samsung’s proposed acquisition of Brazil-based digital printing services company Simpress, facilitating an exit for private equity firm Gávea Investimentos. Samsung had agreed to acquire Gávea’s entire 43 percent stake in the company. Gávea originally invested in Simpress through its second fund,… Read More
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