Thursday, 28 August 2014
Last updated 8 hours ago
Jul 30 2007 | 8:41am ET
Advent International recently held a final close of its Latin American Private Equity Fund IV at $1.3 billion. The new fund brings Advent's total capital raised for the region to $2.2 billion.
Like its predecessor funds, LAPEF IV will acquire control positions in later-stage, cash-generative businesses, primarily in Mexico, Brazil and Argentina. The fund will target high-growth service sectors—including airport services, financial services and business outsourcing—as well as other industries experiencing regional growth or consolidation. The typical equity investment will be $50 million to $150 million in companies with enterprise values between $50 million and $750 million.
LAPEF IV has already announced its first investment—the leveraged buyout of Corporativo Javer's housing business subsidiaries—for an undisclosed amount.
"Over the past 11 years, we have screened thousands of investment opportunities and met with hundreds of management teams, giving us in-depth knowledge about businesses in the region and the drivers of success," said Ernest Bachrach, chief executive of Advent Latin America. "Additionally, with the large flow of capital into the U.S., Europe and most recently Asia, investors are increasingly finding Latin America an interesting alternative, with fewer competing sources of capital and a more compelling risk-return profile."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...