The AGF Latin America Fund has held a first close of US$64 million, led by private equity investors DEG (Deutsche Investitions- und Entwicklungsgesellschaft), the Inter-American Development Bank’s Multilateral Investment Fund (MIF/IDB), the Andean Development Corporation (CAF) and Compass Group. The fund will invest in middle-market companies in the agribusiness… Read More
Brazil-based alternative investment management firm Pátria Investimentos and global investment and advisory firm Blackstone plan to acquire a 40 percent stake in Brazilian footwear manufacturer Vulcabras for BRL500 million (approximately US$245 million). Vulcabras produces the Azaleia and Olympikus shoe brands and has operations throughout South America. In 2010, Blackstone… Read More
The ACON Latin America Opportunities Fund (ALAOF) has led an investment of BRL110 million (approximately US$54 million) for a significant minority stake in BSM Engenharia (BSM), a Brazilian firm specializing in offshore oil and gas logistics and heavy-duty equipment rentals. ALAOF is managed by ACON Investments, a U.S. and… Read More
The board of Brazilian homebuilder PDG Realty has approved a plan proposed by local private equity firm Vinci Partners to raise BRL800 million (approximately US$390 million) through an issue of new warrants. Investment funds controlled by Vinci Partners could acquire up to 81.4 percent of the new… Read More
Brazil Potash Corp. (BPC), a Belo Horizonte-based mining company, has completed a US$58.7 million financing round led by U.K.-based global private equity firm CD Capital, which committed US$24.6 million through its CD Capital Natural Resources Fund II. BPC plans to use the new capital to continue exploration for potash… Read More
Peninsula Investments Group, a U.S.-based asset management firm focused on Latin American real estate, has closed its second fund with US$76 million in total commitments. Peninsula Investments Group II, which is already 50 percent committed, invests in middle-income residential development projects in Brazil, Colombia, Mexico, Panama, Peru and Uruguay. Read More
Brazilian investment bank BTG Pactual’s private equity fund, BTG Pactual Principal Investments FIP, and BTG Pactual subsidiary holding company, BTG Investments LP, have reached an agreement to acquire 42.3 percent of Leader Participações for BRL665 million (approximately US$333 million), through a combined purchase of existing equity and new shares. Read More
GP Investments, an alternative asset investment firm in Latin America, has reached an agreement to sell 100 percent of FC Holdings, the holding company for Brazilian steakhouse Fogo de Chão Churrascaria, to U.S.-based private equity firm Thomas H. Lee Partners for an enterprise value of US$400 million. In partnership… Read More
Rio Bravo Investments, a Brazil-based asset manager, has completed the final close of its renewable energy fund, FIP Rio Bravo Energy I, at BRL463 million (approximately US$275 million). Rio Bravo has already committed the fund’s capital to hydro and wind energy projects currently being developed through partnerships with mining… Read More
Nexxus Capital, a Mexico-based fund manager, has acquired a 31 percent stake in Price Travel, a travel services provider focused on the Mexican market. Price Travel’s current operations include an online platform and 98 Price Travel Shops offering hotel reservations, airline tickets, ground transport, tours and vacation packages. This… Read More
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