Conduit Capital Partners, a private equity firm focused on the power industry in Latin America, and the Corporación Andina de Fomento (CAF), a Latin American multilateral development bank, have invested in the Tacna and Panamericana solar projects in southern Peru. Together, the projects total 40 megawatts. The transaction marks… Read More
Brazilian private equity firm GP Investments, along with multiple co-investors, will invest BRL450 million (approximately US$221 million) to acquire a 30 percent stake in SBF Group, the owner of Brazilian sporting goods retailer Centauro. GP Investments will contribute US$150 million through its GP Capital Partners V private equity fund,… Read More
Venture capital firm Redpoint e.ventures, the Brazil-focused partnership between U.S-based firms Redpoint Ventures and e.ventures, has invested US$10 million in the Series B round for 55Social, a Brazilian social media marketing platform. 55Social plans to use the funding to develop its team and product offerings and to expand into… Read More
The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank Group, will invest US$4 million in Vox Capital Impact Investing Fund I, a Brazil-focused venture capital fund managed by Vox Capital. The fund seeks to make investments in up to 10 small and medium-sized enterprises and up… Read More
IN THIS ISSUE Articles European Bank Deleveraging: Opportunities and Challenges for EM PE Investors Guest Commentary: Investment Strategies for Russia: XENON Capital Partners’ Experience Inside Perspectives: An Interview with Piero Minardi of Gávea Investimentos VIEWPOINT FROM EMPEA PRESIDENT AND CEO SARAH ALEXANDER The old adage, “in chaos,… Read More
Piero Minardi, a Partner in the Illiquid Strategies Group at Gávea Investimentos and the newest member of EMPEA’s Board of Directors, shares his perspectives on the private equity landscape in Brazil. As one of the self-called “dinosaurs” of the industry, he addresses the charge that the country is becoming overheated. Gávea Investimentos is… Read More
Kinea Investimentos, the alternative asset management arm of Brazilian financial services group Itaú Group, has announced the final close of its second Brazil-focused private equity fund, Kinea II Private Equity Fund, with BRL1 billion (approximately US$490 million) in commitments. The firm raised the fund entirely from domestic sources of… Read More
Brazil-focused venture capital firm FIR Capital Partners has invested BRL1.8 million (approximately US$884,000) in ClicBusiness Software, a Brazilian provider of transaction processing services for online retailers. The investment was made through FIR Capital’s Fundo Santa Catarina, a venture capital fund focused on the Brazilian state of Santa… Read More
International Finance Corporation (IFC) and two private equity funds managed by IFC Asset Management Company (IFC AMC) will acquire 5 percent of the common stock of Chilean commercial and retail bank CorpBanca. The two IFC AMC funds are the US$1 billion IFC African, Latin American and Caribbean Fund and… Read More
Global non-profit microfinance organization Accion International has invested US$3 million in Zonamovil, a Chilean provider of managed services for the wireless telecom market. Zonamovil, which operates under the name of Tiaxa, provides billing and rating services for prepaid mobile users along with financial and business intelligence services. Tiaxa plans… Read More
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