Global private investment firm H.I.G. Capital’s affiliate H.I.G. Brazil has invested in Creme Mel Sorvetes (Creme Mel), a Brazil-based ice cream company. Creme Mel has over 900 employees and sells ice cream in nine Brazilian states. H.I.G.’s investment will allow Creme Mel to construct a new plant and expand… Read More
CPFL Energias Renováveis, a South American wind farm operator that is backed by alternative investment manager Pátria Investimentos, has completed an initial public offering on the BM&FBOVESPA, raising BRL900 million (approximately US$404 million). Existing shareholders, including Pátria Investimentos, sold 43.96 million shares in a secondary offering. The company intends… Read More
Brazil-based telecommunication services provider Oi has agreed to sell its underwater fiber optic cable unit Brasil Telecom Cabos Submarinos and its subsidiaries (jointly known as GlobeNet) to Brazilian investment bank BTG Pactual for BRL1.7 billion (approximately US$768 million). GlobeNet operates assets located in Venezuela, Colombia, Bermuda and the United… Read More
Healthcare-focused venture capital firm Aberdare Ventures and U.S.-based hedge fund Valiant Capital Management have jointly acquired a 45 percent equity stake in Brazilian pharmacy benefits company ePharma for an estimated BRL169 million (approximately US$74.6 million). Founded in 1999, ePharma serves as an intermediary between health insurance companies, employers and… Read More
Latin Idea Ventures, a Mexico-based private equity fund manager, announced that it has invested in Anima Estudios, a Latin American animation studio. Anima Estudios is currently working on several film projects, including “El Agente 00-P2” and “Kung Fu Magoo.” The investment was structured through Latin Idea Mexico Venture Capital… Read More
GP Investments, an alternative investment firm in Latin America, has announced a BRL70 million (approximately US$31 million) investment in Brazilian beauty institute chain Cor do Brasil (Beleza Natural) for a 33 percent stake. Beleza Natural, which provides products and services for curly hair, currently operates 13 stores in three… Read More
Mexico-based private equity firm Nexxus Capital has raised its sixth fund, Nexxus Capital VI, with commitments of approximately US$430 million. The fund is split into two vehicles to separately accommodate commitments from international investors and domestic pension funds. Nexxus Capital intends to invest in middle market growth companies in… Read More
Latin American real estate investment firm Terranum Capital has completed its inaugural fundraising effort, reaching a final close of US$235 million in committed capital on its Latin America Real Estate Fund. Investors in the fund include pension funds in Colombia and Peru, Latin American family offices and institutional investors… Read More
Mexico-focused private equity manager WAMEX Private Equity has announced the initial public offering of its portfolio company Hoteles City Express, a budget business hospitality chain, on the Mexican Stock Exchange. The offering amount was US$200 million, and the new financing will be used primarily to further expand the company. Read More
Global private equity firm Advent International will acquire a 50 percent stake in Alianza Fiduciaria, a Colombia-based asset management company, from the Colombian investment group Organización Delima. The agreement represents the first step in a process by which Advent International will become a shareholder in Alianza Fiduciaria. Financial details… Read More
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