International Finance Corporation (IFC), the private sector development arm of the World Bank Group, has committed BRL60 million (approximately US$29 million) to Gávea Crédito Estruturado FIDC, a private credit fund managed by Brazilian asset management firm Gávea Investimentos. The fund will provide long-term superior, mezzanine subordinated and junior subordinated… Read More
Altra Investments, a buyout firm focused on the Andean region, has announced the final close of its second private equity fund, Altra Private Equity Fund II, with US$355.8 million in capital commitments. The fund raised capital from public and private pension funds, funds of funds, family offices, sovereign wealth… Read More
Brazilian financial asset manager DLM Invista has held a first close on its DLM Brasil TI private equity fund with BRL180 million (approximately US$90 million) in capital commitments. The fund, which will focus on Brazil’s information technology sector, is targeting BRL250 million (approximately US$125 million) in total commitments. DLM… Read More
Latin America-focused asset management firm Linzor Capital Partners has acquired Uruguayan pharmacy chain Farmashop, which operates 78 pharmacies throughout the country. Financial details of the transaction were not disclosed. Read More
U.S.-based private equity firm Blue Equity has sold The Antilles Group, the licensed user of Shell brands in Jamaica, to the Rubis Group, a French downstream petroleum and chemicals company. The Antilles Group operates 50 Shell service stations in Jamaica with a customer base in the commercial and industrial… Read More
As 2012 came to a close, EMPEA reached out to a number of the industry’s leading practitioners to solicit their reflections on the year gone by, and to glean insights on the prospects for emerging markets private equity in the year ahead. The Global Firms’ Views Paul Fletcher, Senior Partner,… Read More
Download the full article here. Over the last few years, we have seen a significant drop in private equity capital flowing into emerging markets, with a greater percentage of this funding concentrating on a fewer number of larger funds active in a handful of core markets. Average… Read More
Argentina-based GoIntegro, a human resources social engagement platform focused on Latin America, has received funding from global private equity investor Riverwood Capital and Latin America-focused venture capital firm Kaszek Ventures. GoIntegro’s platform provides corporations with a platform combining a corporate social network with human resources-specific applications and the current… Read More
FIP Terra Viva, a private equity fund managed by Brazilian firm DGF Investimentos, has reportedly fully invested its BRL260 million (approximately US$123 million) corpus after investing BRL70 million (approximately US$33.1 million) in the ethanol assets of Usina Alvorada, a Brazilian sugarcane processing mill. Terra Viva was raised in 2008… Read More
P2 Brasil, an infrastructure fund managed by Brazilian private equity firm Pátria Investimentos and engineering company Promon Engenharia, has invested BRL300 million (approximately US$142 million) to create Highline, a company that will manage wireless telecommunications towers in Brazil. Highline will build the towers under orders from carriers, renting the… Read More
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