Boston-based global private equity fund Advent International has closed its third Latin American Fund III (LAPEF III) with a total of $375 million. The fund will focus on buyouts of growth companies in the region, in particular in Mexico, Brazil and Argentina. The majority (53%) of the capital was raised from North American investors, with 36% coming from Europe and 11% from the Middle East and Asia Pacific.
Category: Funds
Posted inDaily Brief
BVC Investigates Bancolombia Share Sale
The Colombian Securities Exchange (BVC) is investigating whether there was any insider trading involved in the transactions last week regarding the sale of Bancolombia shares in the Exchange. Last Tuesday, Venezuela’s Mercantil Servicios Financieros unexpectedly sold its 4.4% in the Colombian bank pushing share trading volume on the BVC to historic highs.
Posted inDaily Brief
Mario Gabriel Budebo, President of CONSAR (Mexico’s Afores Regulator,
is confirmed as a panelist on the Afores workshop at LatinFinance’s Inaugural Cumbre Financiera Mexicana, July 13-14, in Mexico City. Debate and discuss the challenges and opportunities presented by Mexico’s dynamic financial markets at this invitation-only event. View the full agenda and apply for an invitation at www.latinfinance.com/mexicana
Posted inDaily Brief
Nossa Caixa Sale Allowed
A Brazilian judge lifted an injunction that had suspended the sale of a controlling stake in Nossa Caixa Seguros e Previdencia, the insurance and pensions unit of Brazil’s tenth-biggest bank, to Corporacion Mapfre. This decision paves the way for Mapfre, Spain’s biggest insurer, to take over the unit as soon as it gets permission from Brazil’s insurance regulator. Mapfre agreed on May 24 to pay $95 million for a 51 percent stake in the business.
Posted inDaily Brief
Mexico’s Afores Regulator joins workshop for LatinFinance’s Inaugural “Cumbre Financiera Mexicana”
Mario Gabriel Budebo, President of CONSAR, Mexico’s Afores Regulator, will join the “Mexican Pension Funds: The Changing Face of the Afores” workshop at LatinFinance’s Inaugural “Cumbre Financiera Mexicana”, which will take place on July 13-14 in Mexico City. Delegates will debate and discuss the challenges and opportunities presented by Mexico’s dynamic financial markets at this invitation-only event. View the full agenda and apply for an invitation at www.latinfinance.com/mexicana
Posted inMagazine
Consar Lifts the Lid
The government is gradually relaxing its strict controls on Mexico’s Afores. This promises to unleash a radical shake up in a fast-growing industry.
Posted inMagazine
AntarChile Refinances COPEC Purchase
AntarChile, Chile’s Grupo Angelini’s holding family, announced that it plans to issue $200 million in bonds to refinance loans it took out to purchase a 30% stake in COPEC, a […]