Pan-emerging markets private equity firm Actis has acquired a 21 percent stake in Egypt-based Integrated Diagnostics Holdings, a private sector healthcare diagnostics service provider. Global growth markets investor The Abraaj Group partially exited through the transaction. The company intends to accelerate its growth and offer new and complementary services to… Read More
Aqua Capital, a private equity fund focused on mid-sized agribusiness, food and logistics companies in Brazil and the southernmost areas of South America, has completed the merger of two Brazil-based cold storage logistics companies: Comfrio Soluções Logísticas and Stock Tech Logística. After owning a co-controlling stake in Comfrio for three… Read More
Private equity firm PC Capital Management has reached a first close on its latest fund, Mexico Development Fund I. The fund will target US$1 million to US$10 million investments in growth equity and mezzanine opportunities in Mexico. Investors in the fund included the Inter-American Development Bank, CAF Development Bank of Latin… Read More
Brazilian private equity firm Gávea Investimentos has reached a final close on its latest fund, Gávea Investimentos V, with US$1.1 billion in capital commitments. Investors in the fund included Kentucky Teachers’ Retirement System, Swedish national pension fund the Second AP Fund and fund of fund The Endowment Master Fund. Read More
Global private equity investor Advent International has agreed to acquire a controlling interest in Latin America-focused chemical distributor Grupo Transmerquim (GTM). GTM provides chemical products and logistical services to its customers via its 40 locations in 12 countries from Mexico to Argentina. Financial details of the transaction, which is expected… Read More
Private equity firm Riverwood Capital has acquired 100 percent of Brazil-based payment processing solutions provider Conductor. The company, which processes credit card transactions for retailers across Brazil, intends to accelerate its research and development activities and expand its range of services. Financial details of the transaction were not disclosed. Read More
Global private equity investor Advent International has closed Advent Latin American Private Equity Fund VI (LAPEF VI) with US$2.1 billion in capital commitments, reaching the fund’s hard cap. More than 60 institutional investors participated in LAPEF VI, including public and corporate pension funds, endowments and foundations, funds of funds, sovereign… Read More
Cable & Wireless Communications, a London-listed communications provider operating throughout the Caribbean and Latin America, has agreed to acquire private equity-backed Columbus International, a Barbados-based diversified telecommunications company, for US$1.85 billion. The acquisition will facilitate an exit for Portland Private Equity, a Caribbean-focused private equity firm that originally invested US$65.5… Read More
Pan-emerging markets private equity firm Actis has committed US$100 million to create IT’sSEG, a buy and build insurance brokerage platform in Brazil. Actis is partnering with Thomaz Menezes, former CEO of Marsh Latin America, who will be a shareholder and act as CEO of the platform. IT’sSEG has already acquired… Read More
Venture capital firm Spark Capital has led a Series C financing round of more than BRL100 million (approximately US$41 million) for Brazil-based real estate portal VivaReal. The transaction was structured through Spark Capital Growth Fund. LeadEdge Capital, a United States-based growth equity firm, joined Spark Capital and existing investors in… Read More
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