The small economies of Central America dictate that small or regional investments are attracting the most private equity interest.
Mark Bishop from The Provident Group explains that: "the problem with Central America was and remains, very fragmented economies, small markets and lack of experience with legal transparency –it makes putting capital in there just much more difficult– there is going to be a couple of selective opportunities but its still a difficult market to get your arms round...We thought there was going to be a lot more consolidation regionally".
The multinational agreed to its sale, including debt, to a private equity group led by Kohlberg Kravis Roberts fund (KKR).
The purchasing group formed by Kohlberg Kravis Roberts fund (KKR), Centerview Partners and Vestar Capital Partners will pay $ 19 per share of Del Monte, plus the company's debt of about $ 1,300 million.
New York, August, 2015] –Conduit Capital Partners (“Conduit”) and InterEnergy Holdings (“InterEnergy”) announced today that InterEnergy Holdings has purchased interests in two companies owned by Latin Power III, a $392 million private equity fund managed by Conduit. InterEnergy purchased Latin Power III’s 55% ownership in Pedregal, a 55MW diesel plant based in Pacora, Panama. InterEnergy also purchased Latin Power III’s 100% interest in Jamaica Energy Partners and West Kingston Power Partners, which are based in Kingston, Jamaica and collectively operate three plants with 190 MW of diesel capacity which supply 30% of the electricity on the island of Jamaica. Terms of the transaction were not disclosed.
Although administrative deadlines for the preparation of the tender documents have come and gone, a decision still hasn’t been made on the equity value of the subsidiary that will manage mobile communications.
Several international companies are waiting for the definition of the conditions under which Hondutel will give a concession for cellular communications, by creating a subsidiary that would own 49% of the shares of the Honduran state run telephone company.
This is the most important direct investment done by the IFC in Central America, and the first of its kind in Guatemala, stated Flavio Montenegro, CEO of Banco G&T Continental. The investment amounts to 9% of the entity's equity, and should be paid out in less than ten days.
Investment groups interested in buying shares of Banco Produzcamos have until June 30 to submit their bids.
As announced by the Nicaraguan government in April , about 60% of the shares of the state bank Produzcamos will be sold to private entities, who will have time to present their proposals for purchase up until June 30, according to the notice published in the La Gaceta, Official Journal No. 103 of June 4, 2015.
It has been announced that in October a 11 thousand square meter mall will open in the east of the capital containing 30 shops and 26 other spaces for medical offices.
The new shopping center called Cronos Plaza is being constructed in Pinares in Curridabat and is expected to be opened to the public in April 2016. Company representatives said they have already negotiated 70% of retail and medical spaces available.
For the volume of assets and loan portfolios they manage, cooperatives together make up the fourth largest financial operator ivn the country.
In Costa Rica, the 30 cooperatives under the supervision of the Superintendent of Financial Institutions (Sugef) exceed in value the assets and loan portfolio of the "private bank BAC San José and are below the banks, Banco Nacional, Banco de Costa Rica and Banco Popular which are funded by public capital. "
Two US investment funds will be investing in the Costa Rican company Establishment Labs, a manufacturer of breast implants.
From the press release by Establishment Labs:
Our mission is to make breast aesthetics safer and better for women worldwide by delivering a world class technology platform that promotes women's health and enables the strategic adoption of Motiva as the brand of choice in the market,” said Juan José Chacón-Quirós, CEO of Establishment Labs. “The investment and partnership from Crown Predator and JW Asset Management and the global relationships and experience they provide will enable us to accelerate investment in our technology, grow our customer base, and scale our business to meet growing demand. We are excited to officially begin the journey to bring our next generation Motiva implants to the United States, the largest market for breast aesthetics in the world."
Clients of wealth management programs are those who hold capital investment worth over $250,000, requiring services to guarantee its duration and growth.
In Latin America there is an increasing number of young people who have reached an economic level that has allowed them to pay for their homes, provide basic education for their children, build savings, and who want to consolidate their future in terms of higher education, gain security with health plans, and obtain additional income for their retirement plans.
Panama is looking for a private partner to invest $600 million in the construction of the hydroelectric station Changuinola II.
"... Over the next few days, the government will put out to tender a contract for a private company to take over the construction of the hydroelectric station Changuinola II (Chan II), which is currently in the hands of state electricity company Edesa."