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Industry News

Accion Sells Stake in Bancompartir to Credicorp

Accion, a global financial inclusion-focused investor, has successfully exited its investment in Banco Compartir (Bancompartir), a Colombia-based microfinance institution, as part of the company’s acquisition by Credicorp, a Latin America-focused

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Ibtikar Invests in Inggez

Palestine-based fitness application Inggez has secured an investment from Middle East-focused venture capital firm Ibtikar Fund. Inggez partners with a variety of gyms and fitness studios, offering users on-demand access

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ACON Latin America Opportunities Fund V Reaches USD253 Million First Close

United States- and Latin America-focused private equity firm ACON Investments has held a first close for ACON Latin America Opportunities Fund V with USD253 million in commitments. The firm, which

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Patria to Sell Argo Energia for USD835 Million

Brazil-focused alternative asset manager Patria Investments has agreed to sell Argo Energia, a Brazil-based power transmission company, to Colombia-based Energía Bogotá and Spain-based Rede Eléctrica for BRL3.5 billion (approximately USD835

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VTEX Secures USD138 Million from SoftBank, Gávea, and Constellation

Brazil-based e-commerce software company VTEX has secured BRL580 million (approximately USD138 million) in funding from Japan-based technology and investment conglomerate SoftBank and Latin America-focused asset managers Gávea Investimentos and Constellation

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Nexxus Exits Krispy Kreme Mexico

Mexico-focused private investment fund manager Nexxus Capital has divested its stake in Krispy Kreme Mexico, a Mexico-based subsidiary of Taco Holding, to the global brand owner Krispy Kreme Doughnut Corporation.

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Kaszek Ventures Closes Two New Funds with USD600 Million in Total Commitments

Latin American venture capital firm Kaszek Ventures has reached final closes of USD375 million for the firm’s fourth early-stage fund Kaszek Ventures IV and USD225 million for Kaszek Ventures Opportunity

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Starboard Acquires 93 Percent Stake in 3R Petroleum

Brazil-focused alternative investment manager Starboard Restructuring Partners Group has acquired a 93 percent stake in Brazil-based oil company 3R Petroleum. The company—which focuses on the redevelopment of mature oil fields

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Adobe Reaches USD30 Million Final Close for Adobe Mezzanine Fund II

Mexico-focused impact investment fund manager Adobe Capital has reached a final close for Adobe Mezzanine Fund II with USD30.3 million in commitments. Investors in the fund includ a variety of

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Alquilando Secures USD1.1 Million Pre-Series A Round from NXTP Labs, ArFintech, and Rosental Inversiones

Argentina-based rental services platform Alquilando has secured a USD1.1 million Pre-Series A funding round from Latin America-focused early-stage investor NXTP Labs, Argentina-focused fintech investor ArFintech, and Argentina-based investment bank Rosental

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Carlyle to Acquire 100 Percent Stake in Coney Park

Global alternative asset manager The Carlyle Group has agreed to acquire a 100 percent stake in Peru-based amusement park and arcade operator Coney Park from Peruvian media and entertainment conglomerate

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Banco Inter Raises USD330 Million in Share Offering

Brazil-listed digital banking services provider Banco Inter has raised BRL1.24 billion (approximately USD330 million) via a share offering on Brazilian stock exchange B3. Japan-based technology conglomerate SoftBank Group reportedly acquired

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Bain Raises USD608 Million in Follow-On Offering of Intermédica Shares

Global private equity firm Bain Capital has partially exited its stake in Brazil-listed health care provider Grupo Notre Dame Intermédica (GNDI), generating gross proceeds of BRL2.37 billion (approximately USD608 million).

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CMB Prime and LarrainVial Close Third Infrastructure Fund at USD400 Million

CMB Prime, a Chile-focused infrastructure investor, and LarrainVial, a Chile-based financial services firm, have reached a final close for CMB LV Infraestructura III with USD400 million in capital commitments. Investors

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Crescera and 2bCapital Agree to Invest in Semantix

Brazil-focused alternative asset manager Crescera Investimentos and 2bCapital, the private equity arm of Brazil-based financial services company Bradesco, have agreed to invest in Brazil-based information technology company Semantix. Through the

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SoftBank Leads USD300 Million Investment in Gympass

Global telecom and technology investment group SoftBank will lead existing investors, including private equity firms General Atlantic, Atomico, and Valor Capital Group, in a new USD300 million funding round for

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SoftBank Vision Fund Leads USD100 Million Investment in Loggi

The SoftBank Vision Fund, a private investment fund managed by Japan-based technology conglomerate SoftBank, has led a USD100 million investment in Loggi, a Brazil-based logistics and delivery company. Other participants

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Actis Raises USD150 Million in CERPI Listing

Growth markets investor Actis has raised USD150 million through the Series A issue of a Certificado de Proyectos de Inversión (CERPI) offering on the Mexican Stock Exchange (BMV). Actis will

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BlackRock Acquires Aguascalientes Solar Project from Canadian Solar

Global asset manager BlackRock has acquired the Aguasalientes solar project, a 68-megawatt facility in Mexico, from Canada-based solar panel manufacturer and project developer Canadian Solar. Electricity generated by the plant

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Vinci Partners Exits Cecrisa to Duratex

Brazil-focused alternative investment fund manager Vinci Partners has exited Brazil-based ceramic tile manufacturer Cecrisa to Duratex, a wood panel producer also based in Brazil. Duratex will acquire the company from

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Denham Capital Invests USD250m in Latin American Power Generation Company Ceiba Energy

Global energy and resources-focused private equity fund manager Denham Capital has agreed to invest USD250m in Ceiba Energy, a Latin America-focused owner and developer of power generation projects with assets

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Canary and Wayra Exit Brazil’s Teravoz in Sale to US-based Twilio

Brazilian venture capital firm Canary and Telefónica’s Wayra exited Teravoz, a Brazilian VoIP services provider to small businesses and call centers, in a sale to Silicon Valley-based cloud communication platform

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ABseed and Order Invest USD2.5m in Brazilian SaaS Platform Leads2b

Brazilian VCs ABseed and Order invested BRL10m (USD2.5m) in Leads2b, a Brazilian client prospecting SaaS platform. Read more»

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Northgate Capital and Alta Growth Acquired a Majority Stake in Mexican Autoparts Manufacturer USK

Northgate Capital and Alta Growth Capital acquired a majority equity interest in USK Urresko Holding S.A.P.I. de C.V. (“USK”), a manufacturer serving the North American heavy truck industry. Financial terms

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SoftBank to Lead USD125m Series B for Mexico’s AlphaCredit

A group of investors led by SoftBank’s Latin America Fund will invest USD125m Series B in Mexico-based fintech AlphaCredit. Undisclosed international VC funds along with a group of existing investors

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e.bricks Ventures Invests USD9.6m in Brazilian Startup Acceso Digital

Brazil-based VC  e.bricks Ventures invested USD9.6m in Acceso Digital, a Brazilian startup providing electronic identity and facial recognition services. Read more»

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QED Reaches USD350m Final Close for QED Fund VI

QED Investors has reached a final close for its sixth fund with USD350m in commitments. The vehicle targets early- and growth-stage fintech companies in North America, South America, and the

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XP, BMG, BTG Pactual’s Boostlab, and Bossa Nova Invest USD85m in Brazilian Car Rental Startup Vai.Car

XP Investimentos led a BRL380m (approximately USD85m) investment in Brazilian car rental startup Vai.Car. BMG, BTG Pactual’s Boostlab, and Bossa Nova Investimentos participated in the round. Read more

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Magma Partners Reaches USD50m Final Close for Latin American VC Fund

Chile-based VC Magma Partners has reached a USD50m final close for its Magma Partners III Fund. The vehicle will target fintech, insurtech, and SaaS companies in Latin America. Read more

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Americold Realty Trust to Acquire 15% Stake in Patria-Backed SuperFrio for USD28m

Americold Realty Trust has agreed to acquire a 15% stake in SuperFrio Armazéns Gerais, a Brazilian cold storage operator owned by Patria Investimentos, for USD28m. Read more

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