QuintoAndar, the Brazilian start-up that created an innovative digital apartment rental platform, has secured R$ 250 million in a Series C funding round led by General Atlantic, a leading global growth equity firm. Existing investors also participated in the round, including Kaszek Ventures, Ruane, Cunniff & Goldfarb, Qualcomm Ventures and QED. The investment is intended to enable QuintoAndar to accelerate its expansion plans and consolidate its market leadership in residential rentals in Brazil.
Grupo Axo, a leading multi-brand retailer in Mexico, announced today that General Atlantic, a leading global growth equity firm, has agreed to make a strategic investment in the Company. As part of this transaction, Alsea, a leading Mexican multi-brand restaurant operator, will be fully exiting its position in the Company. The transaction is subject to customary closing conditions and authorization by the Mexican Antitrust Commission.
General Atlantic, a leading global growth equity firm, announced today that Marcelo Kayath, former executive at Credit Suisse AG, has joined General Atlantic as a special advisor. Based in the firm’s Sao Paulo office, Mr. Kayath joined General Atlantic in late 2016 and will help support General Atlantic’s operations in Latin America, with a special focus on Brazil.
General Atlantic, a leading global growth equity firm, announced today that Fabio Villegas, former Chief Executive Officer of Avianca and current President of Decameron, has joined General Atlantic as a special advisor to the firm’s operations in Colombia. Mr. Villegas will work closely with General Atlantic’s teams in Latin America to identify and support business opportunities in the region.
Empreendimentos Pague Menos (“Pague Menos Pharmacies”), the third largest drugstore retail chain in Brazil, announced today that General Atlantic, a leading global growth equity firm, has committed to make a strategic growth investment of R$600 million in the company, to support its next phase of growth.
General Atlantic, a leading global growth equity firm, announced today that it has opened an office in Mexico City, its second office in Latin America. Under the leadership of General Atlantic’s dedicated Mexican-born investment team, the Mexico City office will work closely with the firm’s larger Latin American team, its Brazil office, and the entire General Atlantic global network.
General Atlantic is pleased to announce a R$356 million ($171 million) investment in XP Investimentos ("XP"), one of the leading independent broker-dealers and financial supermarkets in Brazil, for a minority stake in the company. The investment is dependent on regulatory approval by the Brazilian Central Bank ("Banco Central do Brasil").
General Atlantic Appoints Enrique L. Castillo, Javier Molinar and Luis F. Cervantes as Special Advisors in Mexico
General Atlantic LLC ("GA"), a leading global growth equity firm, today announced that it has appointed Enrique L. Castillo, Javier Molinar and Luis F. Cervantes as Special Advisors. Mr. Castillo, Mr. Molinar and Mr. Cervantes will work with GA's Latin America team to help identify business opportunities in Mexico.