Controladora Vuela Compañia de Aviación (Volaris), a Mexico-based low-cost airline backed by private equity fund manager Discovery Americas, has completed an initial public offering on the Mexican Stock Exchange and the New York Stock Exchange. During the first week of trading, Volaris' American depositary shares gained 21.1 percent from… Read More
Latin America-focused alternative investment company GP Investments has sold its remaining stake, which was held by GP Capital Partners (GPCP) IV, in Brazil-based education company Estácio Participações. GPCP IV sold all of its 22,064,215 shares at BRL17.61 each through a block trade, generating proceeds of BRL388.6 million (approximately US$172.8… Read More
BNDES Participações (BNDESPar), the investment arm of Brazilian development bank Banco Nacional de Desenvolvimento Economico e Social (BNDES), and private equity fund manager Mantiq Investimentos have approved a share subscription for BRL93.3 (approximately US$41.5 million) and BRL120 (approximately US$53.5 million), respectively, in Brazil-based designer, builder and operator of cogeneration… Read More
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has invested in Uruguay-based pharmaceutical and medical products supplier Grupo Bioerix. Financial details of the transaction, which was structured through Darby Latin American Mezzanine Fund II, were not disclosed. Bioerix imports and distributes technology, equipment and supplies for… Read More
Global emerging markets investor Capital International Private Equity Funds (CIPEF) has invested US$250 million in Brazil-based QGOG Constellation, a provider of offshore and onshore oil and gas contract drilling. The Queiroz Galvão family, the controlling shareholder of QGOG Constellation, will contribute another US$50 million by mid-September, bringing the total… Read More
Pan-emerging markets private equity firm Actis has acquired a 60 percent stake in Brazil-based renewable energy platform Atlantic Energias Renovaveis for an initial commitment of US$169 million. Actis, which expects to invest a further US$100 million over the next five years, joins existing shareholders Pattac and Servinoga, infrastructure investors… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has made a significant investment in Ecuador-based Cobis Systems Corporation, provider of software and services to financial institutions. Details of the transaction, which was structured through Darby ProBanco Fund II, were not disclosed. Corbis intends to use the… Read More
Latin America-focused private equity firm Southern Cross has acquired a 70 percent stake in Brazil-based construction and industrial equipment leasing firm Solaris for a reported BRL220 million (approximately US$92.3 million). Solaris, which is controlled by the Argentinian group Sullair, intends to use the new capital to double its size… Read More
Peru-focused private equity firm Nexus Group has acquired a 99.9 percent stake in Peru-based San Miguel Industrias PET, a manufacturer and distributor of polyethylene terephthalate (PET) containers in Peru with operations in El Salvador, Panama, Ecuador and Colombia. PET is a material commonly used in plastic bottles. Financial details… Read More
At its May meeting in Washington, EMPEA’s Legal and Regulatory Council discussed the regulatory changes facing the private equity industry and the likely impact of those changes on the membership of EMPEA. The Council concluded that some of the changes, such as the European Alternative Investment Fund Managers Directive (AIFMD),… Read More
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