FIR Capital BZPlan, a partnership between Brazil-focused private equity firms FIR Capital Partners and BZPlan, has sold its stake in Brazil-based freight management company Axado to Argentina-based e-commerce company Mercado Libre for BRL26 million (approximately US$7.9 million). FIR Capital BZPlan originally invested in the company in 2013 in a transaction structured through Fundo SC, an investment vehicle focused on emerging companies in the Brazilian state of Santa Catarina. The exit reportedly generated an approximately 4.3x return multiple on invested capital.