Acquisitions in Chile

Enghouse Systems Limited acquired Sixbell’s telecommunications division (“Sixbell Telco”) through its wholly owned subsidiaries. The deal strengthens Enghouse’s presence in Latin America by adding Sixbell Telco’s OSS/BSS and network transformation software portfolio, while Sixbell’s customer experience (CX) division is excluded and will remain independent.

Enghouse Systems Limited acquired, through its wholly owned subsidiaries, the telecommunications division of Sixbell (“Sixbell Telco”). The business provides telecommunications software platforms (including converged charging, intelligent routing, signaling management, and voice interaction) and expands Enghouse’s presence with telecom operators across Latin America. Sixbell’s Customer Experience (CX) division is excluded from the transaction and will remain independent.

AgendaPro, a Latin American appointment-based business management software provider for beauty, wellness, and personal care services, raised a $35 million growth investment. The round was led by Riverwood Capital with participation from existing investor Kayyak Ventures. AgendaPro plans to use the funding to expand across Latin America and accelerate product development, including AI and automation capabilities.

Moody's Corporation has fully acquired ICR Chile (ICR), a leading provider of domestic credit ratings in Chile, building on Moody’s prior minority investment. Following the transaction, ICR will continue issuing domestic ratings in Chile under its own methodologies and will be integrated into Moody's Local in the coming months. Financial terms were not disclosed.

Exagon Impact Capital, through its inaugural fund Exagon Latin America Fund I (XLA I), acquired a controlling stake in SunRoof, a Latin American renewable energy platform operating in Mexico and Chile. The investment adds SunRoof as the fund’s second portfolio company and is intended to support SunRoof’s expansion in Mexico and accelerate distributed solar adoption for commercial and industrial customers.

NIU Group, controlled by Austrian investor Cevdet Caner, acquired Chilean copper mining company Minera Tres Valles (MTV). Following the acquisition, NIU Group announced a strategic renewal and planned ramp-up of MTV’s operations, including further capital investment to expand production and efficiency under Chilean regulatory and environmental standards.

Bureau Veritas, a global Testing, Inspection, and Certification (TIC) services provider, has acquired GeoAssay. The deal strengthens Bureau Veritas’ Metals & Minerals leadership in Chile’s copper market by adding GeoAssay’s three automated mineral sample preparation and analysis laboratories and specialized technical workforce.

Agrovision, a U.S.-headquartered vertically integrated superfruit platform, announced its first strategic acquisition with the purchase of Chilean grower and exporter ZurGroup. The deal establishes Agrovision Chile and expands Agrovision into premium cherry production while adding access to packing/processing facilities, new planting land, and an established premium blueberry operation and distribution channels.

Arthur J. Gallagher & Co. announced the acquisition of THB Chile, a retail insurance broker based in Santiago, Chile; financial terms were not disclosed. THB Chile provides property/casualty, life and health benefits, and reinsurance services across Chile and will operate under Gallagher’s Chile and Latin America retail insurance and reinsurance brokerage leadership.

Apex Group Ltd. announced the acquisition of Finix Group, a Chilean-based financial services company focused on fund administration and back-office services. The deal expands Apex Group’s presence in the Andean Latin American market and adds approximately 100 employees and about $10.5 billion in assets under administration.

Grupo Ransa, a portfolio company of H.I.G. Capital, completed the acquisition of Chilean third-party logistics provider Loginsa. The deal expands Ransa’s footprint across the Pacific Coast of Latin America and enhances its regional 3PL offering, including cold and dry storage, distribution, and last-mile delivery capabilities.

OptConnect, a Graham Partners portfolio company providing managed IoT connectivity services, acquired M2M DataGlobal in an add-on transaction. Headquartered in Santiago, Chile, M2M expands OptConnect’s managed wireless connectivity platform across Latin America and increases exposure to high-growth international markets.

ESTELA, a Latin American digital compliance technology platform backed by Accel-KKR, announced the acquisitions of Chilean software company DBNet and Peruvian software company DigiFlow. The deals expand ESTELA’s electronic invoicing and fiscal compliance capabilities and extend its footprint further into Chile and Peru.

Sicit Group acquired a majority 51% stake in Patagonia Biotecnologia, a Chilean producer of seaweed-based agricultural biostimulants. The investment supports Sicit’s strategy to expand from animal-origin biostimulants into plant-based products and broaden its global portfolio.

Liberty Latin America and América Móvil completed a transaction to combine their Chilean telecommunications operations, VTR and Claro Chile, into a new 50:50 joint venture called ClaroVTR. The deal was approved by Chile’s National Economic Prosecutor’s Office (FNE) and is intended to expand connectivity offerings and accelerate digital development in Chile.

Cerberus Cyber Sentinel Corporation (NASDAQ: CISO) has completed the acquisition of NLT Secure, a cybersecurity solutions and managed services provider headquartered in Providencia, Chile with U.S. offices in Tampa, Florida. NLT Secure becomes a wholly owned subsidiary, and founder Lorenzo Espinoza will continue to lead the business as Cerberus expands further into Latin America.

Accel-KKR made a majority growth investment in Teamcore, a retail execution software platform serving CPGs and retailers across Latin America. The funding will support Teamcore’s go-to-market acceleration, product roadmap enhancements, and inorganic growth opportunities including potential strategic M&A.

Apply Digital announced it has acquired Reign, a Chile-based digital services company, to expand its global delivery model and strengthen its MACH engineering capabilities. The integration increases Apply Digital’s scale and international footprint, enabling it to better serve global brands with digital strategy, design, and development services.

EVERTEC, Inc. closed its acquisition of BBR, SpA, a payment solutions and business technology company based in Santiago, Chile with operations in Chile and Peru. EVERTEC acquired 100% of BBR’s outstanding shares for CLP 48,600 million (approximately USD $53 million), expanding EVERTEC’s payments footprint in Latin America.

H.I.G. Capital completed the acquisition of a majority stake in Virutex Ilko, a Latin American manufacturer of cleaning products and kitchenware. Virutex’s founding shareholders will remain significant shareholders and the existing management team, led by CEO Juan Martin Monsalve, will continue to run the company; financial terms were not disclosed.

PayRetailers, a Spain-headquartered LATAM-focused fintech payments specialist, announced the acquisition of two online payments platforms: Chile’s Paygol and Colombia’s Pago Digital. The deals expand PayRetailers’ card processing and local payment method coverage and support its strategy to unify and simplify cross-border e-commerce payments across Latin America.

PayRetailers, a LATAM-focused fintech payments specialist based in Barcelona, announced the acquisitions of online payments platforms Paygol (Chile) and Pago Digital (Colombia). The deals expand PayRetailers’ local market presence and card/cross-border processing capabilities as it works to unify and simplify B2B e-commerce payments across Latin America. Royal Park Partners acted as exclusive strategic and financial advisor to PayRetailers on the Pago Digital acquisition.

ViacomCBS Networks International (VCNI), a division of ViacomCBS Inc., completed the acquisition of Chilevisión from WarnerMedia (a division of AT&T). The deal includes Chilevisión’s free-to-air television network, content library, and production capabilities, expanding VCNI’s Spanish-language ecosystem and regional studio, streaming, and linear TV presence. Financial terms were not disclosed.

Waterlogic acquired Aquafree, the largest point-of-use (POU) water dispenser company in Chile, to establish its first direct presence in Latin America. Aquafree is headquartered in Santiago and operates a large installed base of dispensers across offices, hospitals, banks, and pharmacy chains in Chile. The acquisition is part of Waterlogic’s buy-and-build strategy under Castik Capital ownership.

Lemontech, a Santiago-based legal tech SaaS provider for law firms and corporate legal departments across Latin America, received a majority investment from Accel-KKR. The funding will be used to accelerate Lemontech’s international expansion, strengthen its product portfolio, and support product development and innovation.