PE buyers as partners: backed incumbent teams in 75% of deals; retained 60% of CEOs. 80% of returns in Latin American PE exits studied were driven by organic growth. Strength of networks critical: 65% of deals were proprietarily sourced. PE buyers exert influence through finance function and alignment with management:… Read More
glendonTodd Capital, a U.S.-based private equity firm specializing in business services and real estate, has partnered with Brazilian middle-market investor Performa Partners to acquire Toutatis, a business process outsourcing (BPO) provider based in São Paulo. Toutatis, which offers human resource, accounting, and procurement outsourcing services, manages its clients’ operations… Read More
Private equity (PE) investors have come out of the recession with a renewed focus on organic revenue growth, applying a more entrepreneurial mindset to working with their portfolio companies. Spanning six years of analysis of companies exited in Europe and North America, Ernst & Young’s studies into how PE investors create value confirm this… Read More
Stratus Group, a Brazil-based mid-market private equity investor, has listed its portfolio company, Senior Solution, on the BOVESPA MAIS, a segment of the BOVESPA exchange. The listing is the first for a private equity-backed company on the Brazilian equivalent of the NASDAQ. Senior Solution, an IT company specializing in… Read More
Pegasus Capital Advisors, a U.S.-based private equity fund manager, has partnered with management to complete a buyout and recapitalization of Pure Biofuels del Peru. The firm will use the growth capital provided by management and Pegasus, along with a simultaneously agreed working capital facility, to expand its biofuel storage… Read More
Virgin Mobile Latin America (VMLA), a mobile virtual network operator established last year, has raised US$26.5 million to support its recent launch of services in Chile. A number of investors participated in this funding round, including existing shareholders ePlanet Capital, a U.S.-based venture and growth capital investment manager, and… Read More
Banco BTG Pactual, a Brazil-based investment bank, has acquired a 30 percent stake in Bodytech, a Brazilian fitness chain, for approximately BRL200 million (roughly US$105 million. Bodytech plans to use the additional capital to support its expansion plans. BTG Pactual’s investment in Bodytech comes in the wake of the… Read More
Mexico City-based WAMEX Private Equity has announced the final closing of its second growth equity fund MIF II with US$160 million in total commitments. While WAMEX raised the majority of commitments from Mexico’s pension funds, it has secured additional commitments for MIF II from institutional investors, including family offices,… Read More
GP Investments, an alternative asset investment firm in Latin America, has sold its remaining stake in Brazilian commercial property company BR Properties. GP Investments founded BR Properties in 2006 with an initial investment of US$25 million from, in part, its private equity fund GP Capital Partners III (GPCPIII). GPCPIII… Read More
The controlling shareholders of Brazilian healthcare company Grupo Qualicorp have raised BRL674 million (approximately US$364 million) from a secondary offering on the Brazilian stock exchange (BM&FBOVESPA). Over 40 million shares were sold at a price of BRL16.50 each. The amount raised could increase if the controlling shareholders—global private equity… Read More
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