UK-based investment fund Pearson Affordable Learning Fund has backed Delhi-based education startup Avanti Learning Centres to develop a system that will help students from low-income families prepare for college entrance tests.
Tags: Latin America
US venture capital firm Rise Capital to raise $146M to back startups in emerging markets
San Francisco, US-based venture capital firm Rise Capital is set to raise $146 million to back startups in Africa, South America, and other emerging markets.
San Francisco's Premise nabs $11M in Series B round to track prices of food staples
San Francisco, US-based real-time economic data tracking platform Premise nabbed $11 million in a Series B funding round led by Social+Capital Partnership to continue tracking prices of food staples in Asia, Latin America, US, and Europe.
Irish drug firm Perrigo picks up Aspen Global products in $51M cash deal
Dublin, Ireland-based over-the-counter (OTC) drug manufacturer Perrigo Company PLC picked up a set of products being marketed in Australia and New Zealand from South African firm Aspen Global Inc in a $51-million cash deal.
Aavishkaar invests INR18.6 crore in US-based luxury brand Mela Artisans
Mumbai, India-based social venture capital firm Aavishkaar Venture Management invested INR18.6 crore in US-based luxury lifestyle brand Mela Artisans for the latter's domestic and international product expansion.
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Ireland-based construction and engineering company Kentz has taken over US-based Valerus Field Solutions for USD435 million (EUR316 million) in a deal that will also expose Kentz to Latin American markets.
State-owned oil company Petroleos del Peru SA (Petroperu) is reviving plans to sell as much as 49% of its shares,according to Energy and Mines Minister Jorge Merino.
US-based cloud storage firm Box confirmed it closed USD100 million in fresh capital to catalyze its global expansion as it sealed commercial transactions with Japanese firms.
UK-based multinational publishing and education company Pearson reportedly agreed to buy Brazilian Grupo Multi for GBP440 million in a cash and debt assumption. Grupo Multi provides English language training to over 800,000 students in Brazil.
Chile-based drug firm CFR Pharmaceuticals promised a 25.1% stake for its black shareholders should the acquisition of local pharmaceutical company Adcock Ingram be approved, in line with South Africa's black economic empowerment (BEE) codes.
Chilean drug maker CFR Pharmaceuticals issued a formal bid to acquire 100% of the issued share capital of South African pharmaceutical company Adcock Ingram Holdings Limited for USD1.26 billion.
Hedge funds sees a decline for the first time in eight months Hedge funds recorded their first monthly decline in eight months this June, as they battled volatile stock and bond markets.
A JPMorgan report made Credicorp a top pick amid continued Peruvian economic growth. According to a JPMorgan Chase & Co. report, Credicorp Ltd. , the Lima-based parent company of Banco de Credito del Peru, may gain up to 32% by the end of this year as the Peru's economy continue to grow.
The Adveo Group is studying acquisition prospects in the Latin America and Eastern Europe markets Adveo Group International SA (ADV) announced that they are studying acquisitions to enter the fast growing markets of Eastern Europe and Latin America.
