◼︎Lexington Partners announced the completion of fundraising for Lexington Capital Partners X with USD22.7b of total commitments. The fund surpassed its USD15b target and significantly exceeded Lexington's prior secondary fund, LCP IX, which closed on USD14b in 2020. LCP X's strategy is principally focused on the acquisition of private equity and alternative asset partnership portfolios from large-scale investors as they rebalance their allocations or seek liquidity. #PE ◼︎ Niagara Energy, a Peru-based power generation company managed by Actis, agreed to acquireEnel Group’s generation assets for USD1.4b. #RealAssets ◼︎ Stonepeak Partners, Lineage, Losa Group led a USD500m round in Emergent Cold LatAm, a Brazil-based refrigerated storage and logistics solutions provider. #RealAssets ◼︎ EIG, a global energy and infrastructure investor, agreed to acquireOcyan, a Brazil-based maintenance management platform for offshore oil and gas operations, from Novonorand the Brazilian Development Bank for USD390m. #RealAssets ◼︎ Brazil-based açaí brand OAKBERRY raised a BRL325m (~USD67m) Series C from BTG Pactual. #PE ◼︎ Tribe Capital led a USD40m Series B for Kapital, a Mexican finance management platform for SMEs, with participation from Cervin Ventures, Tru Arrow, MS&AD Ventures and Alumni Ventures. Kapital also raised a USD125m debt round from an undisclosed investor. #VC ◼︎ GEF Capital and Signal Capitalacquired a BRL120m (~USD24m) minority stake in GR Química, a Brazil-based water and sewage treatment product manufacturer. #PE ◼︎ Tembici, a Brazil-based micro-mobility platform focused on bikes with operations in Chile, Argentina and Colombia, raised USD23m from the DFC and IDBInvest. #VC ◼︎ Headline led a ~USD14.5 Series B for Trinus, a Brazilian residential project management platform. #VC ◼︎ InfraRed Capital Partners exited Jaguar Solar, a Mexico-based portfolio of solar PV projects in the Chihuahua desert, via a sale to Mexico-based independent power producer Zuma Energia. #RealAssets ◼︎ Fram Capital acquired a stake in Oligos Biotec, a Brazil-based company that develops products to enhance the productivity of crops.#PE ◼︎ Scale Capital agreed to acquire a 70% stake in MiFibra, a Peru-based broadband operator in the north of the country, which has a fiber optic network that covers 480 thousand homes. #PE ◼︎ PC Capital exited Rancho los Molinos, a Mexico-based distributor of vegetable seeds, soils and gardening products, to a group of investors led by Exitus Control. #PE ◼︎ ESTELA, an Ibero-American digital compliance company backed by Accel-KKR, acquiredTCI, a Peru-based fiscal compliance platform for corporates. #PE ◼︎ Brazilian asset manager XPacquiredVida Bem Vinda, a Brazil-based assisted reproduction clinic. #PE ◼︎ Ardianacquired a portfolio of six Peru-based hydroelectric power plants from BTG Pactual, Patria Investments and GMR Holding, through its Ardian Clean Energy Evergreen Fund. #RealAssets ◼︎ Trelia Energy AdvisorsacquiredEGE Haina, a Dominican Republic-based electricity generation company, from Haina Investment Company (HIC). #RealAssets ◼︎ Citi led an undisclosed round for Supra, a Colombian cross-border payment solutions platform, with participation from Far Out Ventures and H20 Capital. #VC ◼︎ Conexa Saúde, a Brazilian telemedicine marketplace, raised ~USD5m from Vivo Ventures. #VC |