Buyout firms investing in Latin America raised $8.1 billion in 2010, nearly double from the previous year, said the Latin American Venture Capital Association, Reuters reports. Last year, the number of deals exceeding $100 million doubled, with the average deal size rising to about $41 million last year from around $19 million in 2009. Argentina-based Southern Cross Group and Advent International raised the two largest funds for Latin America in 2010, securing $1.68 billion and $1.65 billion in commitments, respectively. About 46% of last year’s buyouts and 76% of the region’s commitments for private equity took place in Brazil.
Click here for the story from Reuters.
Click here for additional coverage from The Wall Street Journal.