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Thursday, September 4, 2014

Latin America buyout fundraising seen at 3-year high -industry group, (NASDAQ: CG)

Private equity and venture capital firms in Latin America could raise $8 billion from investors this year, the most since 2011, a regional industry group said on Thursday, which may propel fresh buyouts in infrastructure, logistics and other sectors. The estimate from the Latin American Private Equity and Venture Capital Association come after 23 takeover firms obtained fresh capital across the region in the first half. Fundraising totaled $3.5 billion in the period, said the group, known as Lavca, without detailing year-on-year or sequential comparisons.Last year, the private equity and venture capital industry raised $5.5 billion for their Latin American investments.Getting new money from investors could turbocharge the buyout industry's ability to step up acquisitions.Private-equity buyouts neared $6.1 billion in Brazil alone last year. Carlyle Group LP, Advent International LP and Brazil's Patria Investimentos Ltda and G�vea Investimentos Ltda were among firms that tapped investors this year for new money.

Shares of CG fell by 0.79% or $-0.26/share to $32.75. In the past year, the shares have traded as low as $24.95 and as high as $39.38. On average, 379009 shares of CG exchange hands on a given day and today's volume is recorded at 99491.