◼︎ Advent International agreed to exit Group Prisma, a leading Argentina-based payments company, through a strategic sale to Visa. #PE
◼︎ Andreessen Horowitz and WCM Investment Management led a USD300m investment for Kavak, a Mexico-based online used car dealer, with participation from Lingotto Innovation, Foxhaven, Galdana Ventures, Stelac and Allen & Company. #VC
◼︎ General Atlantic agreed to acquire an equity stake in Banamex, a prominent Mexico-based financial institution. The transaction is part of Citi’s broader divestiture of a 24% stake for USD2.5b to several institutional investors and family offices. #PE
◼︎ CPP Investments and I Squared Capital agreed to invest in Inkia Energy, a Peru-based power generation company, at an enterprise value of USD3.4b. #RealAssets
◼︎ Macquarie Asset Management agreed to acquire the South American wireless tower operations of IHS Towers at an enterprise value of BRL3.6b (USD685m). #RealAssets
◼︎ SP Ventures reached a USD50m second close for its third agribusiness fund focused on Latin America. #VC
◼︎ JICA committed to Latin America-focused funds AgVentures III, Valor Venture Partners V and Canary IV. #VC
◼︎ ONEVC reached a USD50m final close for its third fund focused on early-stage startups in Latin America. #VC
◼︎ Patria Investments launched the next vintage of its Latin America private credit strategy. #PrivateCredit
◼︎ Riverwood Capital led a USD25m investment in Segura, a Brazil-based identity security platform. #PE
◼︎ Canary announced the final closing of Canary IV, a USD150m fund to back Latin American founders from inception to Series A. #VC
◼︎ XP Asset Management acquired the Rota da Celulosa toll road concession, which includes stretches of state and federal highways in Brazil’s Mato Grosso do Sul. #RealAssets
◼︎ Patria Investments completed the sale of its remaining stake in SmartFit, a Brazil-based gym chain with over 5.2 million clients, for BRL890m (~USD173m). #PE
◼︎ Yellowstone Capital Partners invested COP54b (~USD14.6m) in an affordable housing project located in Northern Bogota. #RealAssets
◼︎ Desenvolve SP committed BRL35m (~USD6.8m) to Flying Rivers Capital’s first Climate Fund. #PE
◼︎ Amazonia Impact Ventures invested in Ecotierra, a Brazil-based company developing a carbon project in Roraima with Courageous Land. #PE
◼︎ Brazil-based Agibank raised USD240m in its New York initial public offering, the second Brazilian fintech to IPO in US markets in recent weeks. Agibank is backed by Vinci Compass and Lumina Capital Management. #PE
