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
Global multi-asset class investment manager PineBridge Investments has reached the second close of its Mexico-focused fund of funds at MXN2.68 billion (approximately US$209 million). The fund of funds is structured as a certificado de capital de desarrollo (CKD), a vehicle listed on the Bolsa Mexicana de Valores that allows… Read More
Chilean informational technology firm Synapsis has acquired 100 percent of Brazilian information technology company Cyberlynxx through a Brazilian subsidiary. Brazil-focused venture capital firm FIR Capital Partners, which held a 25 percent stake in Cyberlynxx, has received shares in Synapsis in exchange for its shares. The transaction was… Read More
International Finance Corporation (IFC) is investing up to US$10 million in CoreCo Central America Fund I, a private equity fund managed by Central America-focused private equity firm CoreCo Holding. The fund, which is targeting total commitments of US$65 million, plans to invest in small and medium enterprises, particularly in… Read More
Brazil-based alternative asset investment firm GP Investments will acquire approximately 2,000 mobile telephone towers from an unnamed Brazilian telecom operator for BRL503 million (approximately US$250 million). The towers will be operated by a newly created tower management company, BR Towers. The investment will be made through GP Investments’ private… Read More
Redpoint e.ventures, the Brazil-focused joint venture between global venture capital firms Redpoint Ventures and e.ventures, has invested in the Series A round of Minuto Seguros, a Brazilian online insurance broker. Minuto Seguros offers insurance products for individuals and businesses in 500 Brazilian cities. Redpoint e.ventures closed its first Brazil-focused… Read More
Mexican private equity firm EMX Capital has acquired a majority stake in AG Convertidora, a Mexican manufacturer of flexible packaging. AG Convertidora will use the investment for working capital needs, as well as to acquire additional equipment, develop its product line and strengthen its client relationships. Financial terms of… Read More
U.S.-based private investment firm H.I.G. Capital has acquired Cel Lep Idiomas (Cel Lep), a Brazilian English language teaching company. Cel Lep owns 17 schools and operates an additional four in the Brazilian states of São Paulo and Minas Gerais. Financial terms of the acquisition were not disclosed. Read More
Gávea Investimentos, a Brazilian asset management company, has purchased a 29.8 percent stake in Chilli Beans, a local retailer of accessories such as sunglasses. Gávea will be accorded a seat on the company’s board of directors, while Chilli Beans founder Caito Maia will remain head of the… Read More
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