Mexican venture capital fund Alta Ventures Mexico has announced the final close of its first Mexico-focused venture capital fund, Alta Ventures Mexico Fund I, with US$70 million in total commitments. The fund will focus on technology companies in sectors such as SaaS (software as a service), mobile, big data,… Read More
Brazilian bank BTG Pactual’s private equity funds have invested US$1 billion as part of a BRL5.4 billion (approximately US$2.7 billion) investment in Sete Brasil Participações, a Brazilian offshore oil rig operator. Also participating in the deal was U.S.-based investment firm EIG Global Energy Partners. Following the transaction, BTG Pactual… Read More
Mexico-based private equity fund manager Nexxus Capital, through its parallel funds Nexxus IV and Nexxus V, has made an additional investment in Moda Holding, which will finance the acquisition of Zingara, a Mexico-based swimwear, beachwear and accessories retailer. Moda Holding is a Mexican retail platform that operates over 130… Read More
Spain-based private equity firm Mercapital has announced the acquisition of a 70 percent stake in Brazilian restaurant group Rubaiyat for approximately EUR46 million (US$56 million). Mercapital purchased the stake from Rubaiyat’s founder, Belarmino Fernández Iglesias. Rubaiyat plans to use the capital to expand its business by opening ten new… Read More
Open English, an online English language school launched in Venezuela in 2006, has raised US$43 million in a financing round led by Insight Venture Partners, with Redpoint Ventures and existing investors Flybridge Capital Partners and Kaszek Ventures also participating. Open English currently serves over 50,000 students in 20 Latin… Read More
Peru-based investment manager Macrocapitales has held a first close of US$50 million for its Fortaleza Private Equity Fund, which will invest in middle-market Peruvian companies. According to local reports, the fund is targeting US$80 million in total commitments, with the remaining capital to be raised from international investors. Read More
Redpoint e.ventures, the Brazilian partnership formed by global venture capital firms Redpoint Ventures and e.ventures, has closed its maiden early-stage fund at US$130 million. The fund, which already includes five active investments, will provide seed, Series A and Series B financing to Brazil-based entrepreneurs with a focus on consumer… Read More
Despite the shadows cast by Europe’s economic troubles and concerns of slowing economic growth in many emerging markets, most of the 875 participants attending the 14th Annual Global Private Equity Conference, co-hosted by EMPEA and IFC, were upbeat as they shared strategies and ideas on how to prevail as… Read More
Small- and mid-cap-focused private equity fund manager Aureos Capital has invested US$10 million in Investigación Farmacológica y Biofarmacéutica (IFaB), a Mexico-based provider of outsourced research and development services to the pharmaceutical and biotechnology sectors, via the Aureos Latin America Fund (ALAF). IFaB will use the proceeds to purchase new… Read More
Real Infrastructure Capital Partners has announced the first closing of its Latin Renewables Infrastructure Fund with approximately US$50 million in commitments. The fund, which is targeting US$150 million to US$200 million in total commitments, will invest in renewable resource power generation assets in Latin America with a focus on… Read More
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