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Apollo-backed Payment Processor Evertec Files for IPO

(Reuters) Apollo Global Management LLC-backed payment processor Evertec Inc filed with U.S. regulators to raise…

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Apollo Poised for Fivefold Return on Evertec Investment

(Bloomberg) Apollo Global Management is planning to sell its remaining 11.2% stake (9.2m shares) in…

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Darby Acquires Majority Stake in Acrecent

(PEHub) Darby Private Equity has acquired a majority stake in Acrecent Financial Corp., a commercial…

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Castle Harlan’s CRI Expands into Mexico with Firehouse Subs

Caribbean Restaurant Inc. (CRI), the Puerto Rican Burger King franchisee acquired by private equity firm Castle Harlan, launched an expansion into Mexico as the master franchisee of Firehouse of...

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Parallel18 Ventures Invests in BrandsOf, Timokids and Be Better Hotels to...

Puerto Rico accelerator Parallel18 invested US$75k each (US$225k total) in Puerto Rico’s Brands Of, Brazil’s Timokids, and Argentina’s Be Better Hotels to expand operations in Puerto Rico. Paralell18...

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Evertec Acquires Chile’s PayGroup from Activa

Chile’s Activa Alternative Assets has sold Chilean processing and software services company PayGroup to Evertec, a Puerto Rico-based transaction processing business in Latin America and the Caribbean....

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Morro Ventures Launches New Fund to Invest in Tech Startups (en español)

Puerto Rican investors Allison Kern and Cyril Meduña have launched Morro Ventures, an institutional investment fund which will focus on early-stage technology companies.  (El Nuevo Dia) Invertir para...

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Morro Venture Partners Launches US$20m Early-Stage VC Fund for Puerto Rican Tech

Morro Venture Partners, under parent company Advent-Morro Equity Partners, launched a US$20m early-stage VC fund to invest in Puerto Rican technology as well as startups that can utilize Puerto Rico to...

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Puerto Rican Mobile Analytics Burea Raises US$2m from Local Investors (en...

Burea, a Puerto Rican mobile analytics platform for offline sales, raised US$2m from unnamed local investors. Burea was accelerated at Parallel18. (El Nuevo Día) La empresa de tecnología boricua Burea…...

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Apollo-backed Payment Processor Evertec Files for IPO

(Reuters) Apollo Global Management LLC-backed payment processor Evertec Inc filed with U.S. regulators to raise up to $100 million in an initial public offering of its common shares. In a…

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Apollo Poised for Fivefold Return on Evertec Investment

(Bloomberg) Apollo Global Management is planning to sell its remaining 11.2% stake (9.2m shares) in Evertech, a Puerto Rico-based transaction processing business in Latin America and the Caribbean. The...

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Darby Acquires Majority Stake in Acrecent

(PEHub) Darby Private Equity has acquired a majority stake in Acrecent Financial Corp., a commercial finance company operating in Puerto Rico and the Caribbean. No financial terms were disclosed....

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Castle Harlan’s CRI Expands into Mexico with Firehouse Subs

Caribbean Restaurant Inc. (CRI), the Puerto Rican Burger King franchisee acquired by private equity firm Castle Harlan, launched an expansion into Mexico as the master franchisee of Firehouse of America,…

View Article


Parallel18 Ventures Invests in BrandsOf, Timokids and Be Better Hotels to...

Puerto Rico accelerator Parallel18 invested US$75k each (US$225k total) in Puerto Rico’s Brands Of, Brazil’s Timokids, and Argentina’s Be Better Hotels to expand operations in Puerto Rico. Paralell18...

View Article

Evertec Acquires Chile’s PayGroup from Activa

Chile’s Activa Alternative Assets has sold Chilean processing and software services company PayGroup to Evertec, a Puerto Rico-based transaction processing business in Latin America and the Caribbean....

View Article


Morro Ventures Launches New Fund to Invest in Tech Startups (en español)

Puerto Rican investors Allison Kern and Cyril Meduña have launched Morro Ventures, an institutional investment fund which will focus on early-stage technology companies.  (El Nuevo Dia) Invertir para...

View Article

Morro Venture Partners Launches US$20m Early-Stage VC Fund for Puerto Rican Tech

Morro Venture Partners, under parent company Advent-Morro Equity Partners, launched a US$20m early-stage VC fund to invest in Puerto Rican technology as well as startups that can utilize Puerto Rico to...

View Article


Puerto Rican Mobile Analytics Burea Raises US$2m from Local Investors (en...

Burea, a Puerto Rican mobile analytics platform for offline sales, raised US$2m from unnamed local investors. Burea was accelerated at Parallel18. (El Nuevo Día) La empresa de tecnología boricua Burea…

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