Newbridge Latin America L.P., a private equity fund designed to take stakes in Latin American companies, has made its first investment: a 20% stake in Mobile Telecommunication Technologies Corp.'s Latin American operations. The purchase price was $35 million. Mtel provides transmission for wireless messaging.
Newbridge Latin America, a joint venture between Texas Pacific Group and Richard C. Blum and Associates, was formed earlier this year. In July, the fund had its initial closing at just more than $100 million
