Brazil

Private equity and venture capital news from Brazil

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• Latin America saw $4.4bn in private equity investments in 2008 01 Apr 2009. More than 100 private equity firms invested $4.4bn in 184 deals in Latin America last year, according to research by the Latin American Venture Capital Association.

• General Atlantic appoints Fernando Marques Oliveira to lead Latin American investment 02 Dec 2008. Source: AltAssets. US-headquartered growth investor General Atlantic has appointed Fernando Marques Oliveira as managing director to head the firm’s São Paulo office. In his new role, he will lead GA’s investment activity in Brazil and the rest of Latin America.

• Paladin Capital leads $1bn funding for Brazilian renewable energy projects 14 Nov 2008. Source: AltAssets. Washington DC-based multi stage private equity firm Paladin Capital Group has led a $1bn funding round for Vital Renewable Energy Company's Brazilian ethanol projects. Leaf Clean Energy Company, Petercam Asset Management and PCG Clean Energy & Technology Fund also participated in the round.

• Private equity investment in Latin America reaches $1.7bn in first half of 2008 21 Oct 2008. Source: AltAssets. Private equity investors put $1.7bn into Latin America during the first half of 2008, down from $2.3bn invested in the first half of 2007, according to Venture Equity Latin America's 2008 Mid-Year Report.

• Darby closes R$387.5m mezzanine infrastructure fund for Brazil 29 Sep 2008. Source: AltAssets. Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, and Stratus Group have closed their Brazil Mezzanine Infrastructure Fund on R$387.5m.

• GP Investments to acquire R$259m stake in Brazilian company Estácio 12 May 2008. Source: AltAssets. Latin American private equity firm GP Investments has agreed to acquire a 20 per cent stake in listed Brazilian educational company Estácio Participações from the founders of the business. The total value of the transaction is R$259m (US$155m), or R$5.50 per share (equivalent to R$16.50 per unit), according to a statement.

• AIG Brazil Special Situations Fund II closes on $692m 22 Apr 2008. Source: AltAssets. AIG Capital Partners has closed its AIG Brazil Special Situations Fund II on $691.9m, exceeding its target of $400m. The fund held a previous close in June 2007.

• Luiz Eugenio Figueiredo takes over as chairman of ABVCAP 08 Apr 2008. Source: AltAssets. The Brazilian venture capital and private equity association ABVCAP has appointed Luiz Eugenio Figueiredo as its chairman for the 2008-2010 period. He has succeeded Marcus Regueira of FIR Capital.

• DLJ South American Partners closes $300m fund for Argentina, Brazil, Chile 01 Apr 2008. Source: AltAssets. DLJ South American Partners, a firm established in December 2006 by Credit Suisse's Alternative Investments business and a team of South America-based investment professionals led by Carlos Garcia and Marcelo Medeiros, has closed its first private equity fund on $300m.

• GP Investments closes $1.3bn fund 22 Oct 2007. Source: AltAssets. Latin American private equity firm GP Investments has closed its new private equity fund, GP Capital Partners IV, on $1.3bn, well above its $600m target. Fundraising started in April 2007 and a first closing was achieved on $1.25bn in July 2007.

• Advent International to acquire Brazilian restaurant chain Viena 15 Oct 2007. Source: AltAssets. Mid-market buy-out firm Advent International has agreed to buy 100 per cent of Brazilian restaurant chain Viena from the company's founding shareholder. Financial details of the transaction were not disclosed.

• Stratus Group appoints Carlos Kokron to lead its venture capital practice 31 Aug 2007. Source: AltAssets. Stratus Group, a private partnership that manages venture capital, private equity and mezzanine funds, has appointed Carlos Kokron as managing director to lead its venture capital practice. Kokron will be responsible for identifying new investment opportunities and broadening Stratus' venture capital investor base.

• GP Investments agrees two major deals in Latin America 13 Aug 2007. Source: AltAssets. Brazilian private equity firm GP Investments has agreed to acquire 100 per cent of the Latin American Land Drilling and E&P Services businesses from Pride International for US$1bn in cash. In a separate transaction, GP agreed to buy a controlling stake in refractory material producer Magnesita, also based in Latin America, for R$1.24bn (approximately US$640m). This transaction sees GP gain 70.7 per cent of the voting capital and 38.6 per cent of Magnesita's total capital.

• HM Capital to exit Swift in Latin American trade sale 30 May 2007. Source: AltAssets. HM Capital Partners is to sell their stake in food processing firm Swift & Company to J&F Participações of Brazil in an all-cash transaction representing an enterprise value of approximately $1.4bn.

• AIG Global Investment Group invests in Brazilian manufacturer 02 Feb 2007. Source: AltAssets. An investor consortium, led by AIG Capital Partners and including Governanca e Gestao, Banco Espirito Santo and the Constantino Family, a Brazilian transportation group, has acquired 100 per cent of the Brazilian private company Companhia Providencia Industria e Comercio for a total purchase price of US$432.6m. All necessary regulatory approvals have already been received. The AIG Global Emerging Markets Fund II funded part of the transaction.

• Advent International, Dufry acquire Brazilian travel retailer and logistics platform 28 Mar 2006. Source: AltAssets. Mid-market buy-out firm Advent International and Dufry, a travel retailer controlled by Advent, have acquired 100 per cent of Brazilian travel retail operator Brasif and 100 per cent of its logistics and purchasing platform, Eurotrade, for a total of $500m.

• Darby closes Darby-BBVA Latin American Private Equity Fund on $175m 04 May 2005. Source: AltAssets. Global emerging markets investment firm Darby Overseas Investments has closed the Darby-BBVA Latin American Private Equity Fund on $175m. The fund, launched in partnership with Banco Bilbao Vizcaya Argentaria, focuses principally on Mexico, Brazil and the US Hispanic market. Investors include institutions from the United States, Europe, Canada and Mexico.

• US Darby appoints advisor to oversee Brazilian mezzanine launch 21 May 2003. Source: AltAssets. US-based private equity firm Darby Overseas Investments has recruited Denis Jungerman as senior advisor with responsibility for the firm's expansion in Brazil, including the launch of the first local currency mezzanine fund in an emerging market country.

• Darby Overseas Investments and Stratus Investimentos to sponsor Brazilian mezzanine fund 27 Nov 2002. Source: AltAssets. Washington-based Darby Overseas Investments and Brazil's Stratus Investimentos have announced that they are to form a partnership to sponsor a local currency mezzanine fund in Brazil – the country's first.