Ares, Vinci tie up to target LatAm projects

Credit: Vinci

Investor giant Ares and French developer Vinci have formed a “strategic partnership” to accelerate projects in Latin America.

Ares will inject $100m of investment, through preferred Vinci shares, into the developer to help supercharge its Brazilian and wider Latin American pursuits.

As part of the deal, a member of Ares will be appointed to the Vinci board of directors.

The initiative will work together on fundraising and strategies, as well as producing new products that “leverage each platform’s unique capabilities”.

“We believe this will be a win-win partnership,” said Alessandro Horta, Vinci Partners’ chief executive officer. “Vinci expects to open new growth avenues in Brazil and Latin America, drive incremental fundraising to Ares and benefit from Ares’ best practices, global footprint, knowledge and scale in key private markets areas.”

Jefferies and Davis Polk & Wardwell advised Vinci. Wells Fargo Securities and Kirkland & Ellis advised Ares.

Last year, Ares picked up AMP Capital’s infrastructure debt platform, marking another milestone in private equity’s increasing interest in the sector, as displayed by KKR’s 2021 acquisition of John Laing.