Twitter LinkedIn
    Thursday, August 18
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Investments»SoftBank Aims to Invest $1 Billion in Latin America This Year
    Investments

    SoftBank Aims to Invest $1 Billion in Latin America This Year

    February 11, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    SoftBank Group Corp. aims to invest about $1 billion from its Latin American private equity fund this year, as the Covid-19 pandemic helps to speed up growth from technology companies in the region. “We are looking at many opportunities right now, including agricultural tech firms,” the fund’s manager Paulo Passoni said.

    The $5 billion fund already invested $2.3 billion in companies such as Banco Inter SA, Rappi SAS and Gympass. The global equities rally helped swell the value of those holdings to $3 billion as of Dec. 31, Passoni said. And more is to come: Banco Inter stock has already raised more than 60% this year, bringing the fund’s stake there to more than $1 billion.

    About 70% of the fund’s investments will continue to be in Brazil, he said. But he also sees opportunities in Mexico, Argentina and Colombia. SoftBank in Latin America has also joined the blank-check company frenzy, with plans for a $250 million U.S. initial public offering of a special purpose acquisition company for the region. Passoni declined to comment on that transaction.

     

    Read more

    Source: BNN Bloomberg

    By Cristiane Lucchesi

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital Investments Latin America Private Equity Softbank
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Saudi Arabia’s PIF, Cain invest $900m in hotelier Aman Group

    August 17, 2022

    Denham Capital to sell Nexif Energy’s portfolio to RATCH Group in deal worth $1B

    August 17, 2022

    Thompson Street Capital Partners closes sixth PE fund at over $1.5B in commitments

    August 17, 2022

    KKR acquires Barracuda from Thoma Bravo

    August 17, 2022

    Comments are closed.

    Other Articles

    Lindsay Goldberg to acquire ARYZTA AG’s North American bakery business

    March 15, 2021

    Bill Ackman’s Pershing Square hedge fund reports record 2020 returns

    February 19, 2021

    Carousell, L Catterton SPAC Merger Talks End Amid Rout

    May 18, 2022

    AFH receives £225m offer in private equity takeover

    January 27, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?