Acquisitions in Lima, Peru

Rio2 Limited has completed the acquisition of a 99.1% interest in the Condestable copper mine in Peru from Southern Peaks Mining L.P. for US$241 million. The deal, funded via a mix of cash, debt and equity, transforms Rio2 from a primarily gold-focused operator into a multi-commodity miner with immediate copper production and planned integration/expansion work underway.

ESTELA, a Latin American digital compliance software platform backed by Accel-KKR, has acquired Peruvian electronic invoicing and tax compliance provider TCI. The deal expands ESTELA's presence in Peru and bolsters its e-invoicing and digital compliance capabilities for enterprise and mid-market customers across the region.

An affiliate of H.I.G. Capital has acquired a majority stake in Grupo Ransa, a leading third-party logistics (3PL) operator headquartered in Peru. Grupo Romero will remain a strategic partner and Ransa's existing management team, led by CEO Paolo Sacchi, will continue to run the business; financial terms were not disclosed.