| PRIVATE EQUITY NEWS
Selina to Go Public via USD1.2b SPAC Merger (Bloomberg) Selina, a UK-based hotel platform with operations in Portugal, Mexico, Costa Rica, Colombia, Panama and Brazil, will go public via a USD1.2b SPAC merger with BOA Acquisition Corp. The transaction includes a USD70m PIPE from South Light Capital, MORE Investment House and Ronald Cohen (Apax Partners). Read more
Oaktree Capital Management to Provide USD750m in Debt Financing for LATAM Airlines (Global Legal Chronicles) Oaktree Capital Management agreed to invest up to USD750m in debt financing for LATAM Airlines. This financing will be in addition to the A and C financing tranches agreed in 2020. Read more
Kandeo Partners with Colombia’s Clave (Clave) Kandeo Asset Management agreed to partner with Clave, a fintech consumer lending platform active in Latin America, to expand digital consumer lending in Colombia. Read more
IDB Invest Provides USD10m Loan Facility to Portland Caribbean Fund II (IDB Invest) IDB Invest provided a USD10m loan facility to Portland Caribbean Fund II, a multi-sector growth fund that targets middle market companies in the Caribbean region. Read more
Nubank Lists on NYSE at USD44b Valuation
(The Wall Street Journal) Nubank listed on the NYSE in what is reported to be one of the biggest IPOs in 2021 at a reported USD44b valuation. Nubank also listed on the B3 through Brazilian Depositary Receipts. Read more
Prosus Ventures Leads USD60m Series B for Colombian Edtech Platzi
(Press Release) Prosus Ventures led a USD60m Series B for Colombian edtech Platzi, with follow-on from Foundation Capital, Y Combinator, 500 Global, FJ Labs, FundersClub and Hans Tung (GGV) and Darian Shirazi (Gradient). Read more
Cometa Leads USD20m Seed Round for Mexican E-Commerce Aggregator Quinio
(Press Release) Cometa led a USD20m seed round for Quinio, a Mexican e-commerce aggregator, with participation from DILA Capital, GBM Ventures, AlleyCorp, Western Technology Investment and angel Adalberto Flores (Kueski). Read more
ALLVP and Infinity Ventures Lead USD15m Series A for Mexico's Mendel
(TechCrunch) ALLVP and Infinity Ventures led a USD15m Series A for Mendel, a Mexican corporate spend management platform. Read more
Lachy Groom Leads USD14.8m Series A for Brazil's Stark Bank (em português)
(Brazil Journal) Lachy Groom led a USD14.8m Series A for Stark Bank, a Brazilian cash management platform and corporate card issuer, with participation from Iporanga Ventures, Norte Capital and K5 Global. Read more
Online Contact Lens Retailer Lentesplus Raises ~USD8m
(LABS News) Lentesplus, an online retailer for contact lenses, raised a ~USD8m round from IGNIA Partners, DG Ventures, Empire Group and Palm Drive. KASZEK led a USD5.25m round in August. Read more
Dalus Capital and Kayyak Ventures Lead USD5.1m Seed Round for Colombian's Proptech Aptuno (en español)
(Forbes) Dalus Capital and Kayyak Ventures led a USD5.1m seed round for Aptuno, a Colombian proptech focused on eliminating the need for a co-signer in the residential rental market. Read more
GFC Leads ~USD3.4m Round for Brazil's VELVT (em português)
(Startupi) GFC led a ~USD3.4m round for VELVT, a Brazilian liquidity platform for late-stage VC financing, with participation from Headline, Yolo Ventures and Armyn Capital. Read more
REAL ASSETS NEWS
Mubadala Acquires RLAM from Petrobras for USD1.8b (Petrobas) Mubadala completed the acquisition of the Refinaria Landulpho Alves (RLAM) refinery in Brazil from Petrobras for USD1.8b. Read more
CPP Investments and OTPP To Increase Stake in Mexico’s IDEAL (Press Release) CPP Investments and Ontario Teachers’ Pension Plan Board (OTPP) agreed to acquire incremental stakes in Mexican infrastructure operator Impulsora del Desarrollo y el Empleo en América Latina (IDEAL). CPP Investments and OTPP will acquire an additional 8.4% and 1.1% stake, respectively. Read more
Alba Capital Partners-Backed A1 Torres Acquires 47 Telecom Sites in Argentina (Press Release) A1 Torres, an Argentina-based telecom tower company backed by Alba Capital Partners, announced the acquisition of 47 telecommunication sites in Argentina. A1 Torres now holds 110+ sites in the country. Read more
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