Mezzanine financing is not as widely available from private equity firms in LatAm as in other emerging markets. This could start to change soon as both sides learn of the benefits.
Category: Regions
Posted inMagazine
Xstrata Commits to Peru
Peru may end up calling 2010 the year of Xstrata. It unveiled plans to invest $7 billion in deals including one the president calls “the contract of the century.”
Posted inMagazine
Best Bank – Colombia
Banco de Bogotá has spent the last year rolling out a variety of new products and services in Colombia as it pursues a universal bank strategy, while also making moves cross-border.
Posted inMagazine
China Latin America Links Proliferate
Cultural barriers remain, but the China-LatAm relationship is starting to blossom. Both sides hope to convert dialogue into more frequent large transactions.
Posted inMagazine
Best Bank – Dominican Republic
Banco de Reservas has shrugged off macroeconomic weakness in the Dominican Republic caused by the global financial crisis and continues to grow.
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Best Bank – Venezuela
Mercantil Banco Universal has been expanding its loan portfolio, which has led to year-on-year growth despite a economic contraction and slow liquidity growth in Venezuela.
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Best Multilateral
Corporación Andina de Fomento (CAF) may be 40 this year, but it shows no signs of slowing.
Posted inMagazine
Best Bank – El Salvador
El Salvador’s Banco Agrícola, part of Colombia’s Bancolombia since 2007, is expected to end this year with results that compare favorably with those obtained at the end of 2009, says Fitch, which has an AA+ (stable) local rating on the bank.
Posted inMagazine
Best Bank – Jamaica
Jamaica’s National Commercial Bank (NCB) has passed the test of a weak local economy and a sovereign debt restructuring relatively unscathed, as profitability and liquidity remain at acceptable levels.
Posted inDaily Brief
Repsol/Kuo Plot Renewable JV
Repsol and Grupo Kuo are jointly investing in a new 50/50 biofuel project in the Yucatan. According to Repsol, the Spanish oil company and the Mexican industrial conglomerate will together make an $80m equity investment in the new plant, known as KUOSOL, over the next several years, with each taking a 50% equity stake. The plant will produce biofuel from a jatropha plant. Repsol says the investment is part of its New Energy strategy to pursue technologies it can use to leverage its existing distribution network. The deal was privately negotiated, according to Kuo. Repsol says it will look for additional opportunities to expand the footprint of its New Energy unit in LatAm, potentially including additional JVs and acquisitions.