Staff
Ontario Teachers’ Pension Plan has purchased an undisclosed interest in Dafiti Group, a Latin American online fashion retailer, for US$70 million.
“Supported by a growing middle class, huge consumption potential and significant growth in online and mobile access, Dafiti is well positioned to succeed in online retail in Brazil and Latin America,” says Wayne Kozun, Teachers’ senior vice-president, public equities.
Dafiti’s websites have operations in five countries: Argentina, Brazil, Chile, Colombia and Mexico.
J.P. Morgan Asset Management and Quadrant Capital Advisors are the company’s other major investors.
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