Latin America

Private equity and venture capital news from Latin America

More articles

• Mexican private equity firm WAMEX raises $55m for first close 06 Nov 2009. Source: AltAssets. Mexican firm WAMEX Private Equity Management has raised $55m for the first close of its Multinational Industrial Fund II, which will target middle-market companies in Mexico.

• Monomoy Capital acquires Mexican plastic company Nypro Chihuahua 29 Oct 2009. Source: AltAssets. Monomoy Capital Partners, a New York-based private equity firm, has acquired Mexican plastics company Nypro Chihuahua from Nypro Inc.  The details of the transaction have not been released.

• Carlyle’s Mexico team spins out to form EMX Capital 02 Oct 2009. Source: AltAssets. EMX Capital, a new private equity firm dedicated to investments in Mexico, has spun out of Carlyle.

• Latin America-focused private equity firm DLJ to acquire 25 per cent of textbook publisher Santillana 29 Sep 2009. Source: AltAssets. DLJ South American Partners, a Latin America-focused private equity firm, has acquired a 25 per cent stake in textbook publishing business Grupo Santillana de Ediciones from Spanish media group Prisa.

• European private equity firm Aureos Capital invests up to $10m in Costa Rican IT company ITS InfoComunicacion 24 Sep 2009. Source: AltAssets. Emerging markets-focused private equity firm Aureos Capital has invested up to $10m in ITS InfoComunicacion, a provider of IT services related to infrastructure support, based in Costa Rica.

• New York private equity firm Palladium Equity Partners acquires cleaning firm Capital Contractors 22 Sep 2009. Source: AltAssets. US Hispanic market focused private equity firm Palladium Equity Partners has acquired janitorial and facilities maintenance firm Capital Contractors.

• Banco Bradesco, Banco Espírito Santo establish Brazilian private equity firm 2bCapital 17 Sep 2009. Source: AltAssets. Banco Bradesco and Banco Espírito Santo have partnered to create 2bCapital, a new private equity fund manager targeting Brazil. 2bCapital will be controlled on an equal basis by the subsidiaries BRAM - Bradesco Asset Management and Espírito Santo Capital, according to a statement.

• Aureos Capital invests in Costa Rican healthcare complex 04 Sep 2009. Source: AltAssets. Aureos Capital’s Emerge Central America Growth Fund has invested in Pacific Plaza Heath and Living, a private healthcare complex in Costa Rica.

• IBM looks to boost innovation in Brazil for venture capital investments 19 Aug 2009. Source: AltAssets. IBM has launched an initiative to help boost innovation with venture capitalists in Brazil in support of demand for digital infrastructure projects in telecommunications, healthcare and energy industries.

• Emerging markets-focused private equity firm Aureos Capital closes Latin America fund on $184m 17 Aug 2009. Source: AltAssets. Aureos Capital, a private equity fund management company specialising in investing in small to mid-sized businesses in emerging markets, has raised $184m for the final close of the Aureos Latin America Fund (ALAF).

• UK lower mid-market firm Darwin Private Equity buys aerospace components business for £24m 17 Aug 2009. Source: AltAssets. Darwin Private Equity, a UK lower mid-market firm, has completed its second deal with the acquisition of the aerospace machining division of listed Hampson Industries for £23.7m (€27.4m).

• MIF commits $3m to Colombia’s first venture capital fund 12 Aug 2009. Source: AltAssets. The Multilateral Investment Fund (MIF), an investor in private equity and venture capital funds in Latin America and the Caribbean for the development of the region, has committed to invest $3m in Progresa Capital, the first Colombian venture capital fund.

• Mexican private equity firm buys minority stake in US fashion label 27 Jul 2009. Source: AltAssets. Tresalia Capital, a private equity firm based in Mexico City, has purchased a minority stake in American fashion designer Tory Burch’s namesake company.

• San Francisco-based life sciences investor Burrill & Co appoints managing director 21 Jul 2009. Source: AltAssets. Burrill & Company, a San Francisco-based life sciences player with activities in venture capital, private equity, merchant banking and media, has hired Joao Paulo V Poiares Baptista as managing director for both Burrill & Co and Burrill Latin America.

• Aureos Capital invests in Peruvian women’s fashion accessories retailer 15 Jul 2009. Source: AltAssets. Aureos Capital, a private equity firm which invests in businesses across Asia, Africa and Latin America, has invested $4m in Peruvian retail company IasaCorp International with its Aureos Latin America Fund 1 (ALAF).

• Advent International takes 50 per cent stake in Brazilian holding company 25 Jun 2009. Source: AltAssets. Advent International, the global private equity firm which recently approached German aluminium producer Almatis about providing new funds for its debt restructuring plan, has acquired 50 per cent of Pitágoras Administração e Participação (PAP). PAP is the Brazilian holding company that controls private education company Kroton Educacional.

• Latin America and Caribbean-focused Conduit Capital Partners completes acquisition of power generation companies 22 Jun 2009. Source: AltAssets. Conduit Capital Partners, a private equity firm focused on infrastructure investment and development in Latin America and the Caribbean, has completed the acquisition of a power generation portfolio from Basic Energy. Included in the purchase was a 100 per cent interest in Jamaica Energy Partners (JEP), a 55 per cent share in Pedregal Power Company, and the right to interests in two other development opportunities in the region.

• Citigroup to invest up to $500m in Brazilian private equity 17 Jun 2009. Source: AltAssets. Citigroup intends to invest as much as $500m in Brazilian private equity after exiting a number of Brazilian investments at the height of the economic crisis, Bloomberg reports.

• Jefferies Capital Partners buys stake in US restaurant group 17 Jun 2009. Source: AltAssets. New York private equity firm Jefferies Capital Partners has agreed to buy a 30.4 per cent stake in Carrols Restaurant Group, one of the largest restaurant companies in the US, from its current private equity owners.

• Emerging markets-focused private equity firm Aureos invests in Costa Rican construction equipment rental company 28 May 2009. Source: AltAssets. Aureos Capital, a private equity firm focused on Asian, African and Latin American opportunities, has invested in NiVa Euroequipos, a Costa Rican company that specialises in construction equipment rental.

• IFC creates new fund manager and $1bn private equity fund 14 May 2009. Source: AltAssets. The International Finance Corporation, the investment division of the World Bank Group, has set up a fund manager subsidiary, which will manage a new $1bn private equity fund.

• Latin American pension funds add private equity to their portfolios 12 May 2009. Source: AltAssets. The private equity industry in Latin America is getting a boost from pension funds in Brazil, Peru and Colombia as they start to invest in local buy-out, venture capital and infrastructure funds, according to the Financial Times.

• Advent in largest Brazilian private equity deal of the year 11 May 2009. Source: AltAssets. Advent International, a global private equity firm headquartered in Boston, has acquired a 30 per cent stake in CETIP, a central depository for private fixed-income securities and over-the-counter (OTC) derivatives in Latin America.