|
|
| The LAVCA Private Capital Update is a bi-weekly email featuring industry news, research, events, and updates on investors from private equity, venture capital, real estate, infrastructure, and family offices in Latin America.
|
|
|
|
Learn from the industry’s most seasoned deal makers at the 2019 LAVCA | MIT Inside Private Equity: Dealmaking in Latin America, an executive education program focused exclusively on Latin America, and rooted in real-life case studies taking place in Miami on Nov. 20-23.
This year’s faculty includes:
Scott Voss, HarbourVest Partners
Daniel Sterenberg, The Carlyle Group
Martín E. Díaz Plata, Capital Group
Manuel García Podestá, Advent International
Cipriano Santisteban, Linzor Capital Mexico
Jesús Argüelles, Irvine Foundation
Ksenija Jovanovic, Aflac Global Investments
Tim Cohan, Stanwich Advisors
Over 120 participants have graduated from the program since it was launched in 2015.
Prospective attendees include Senior Associates/Vice Presidents, Principals, and Directors from private equity firms, as well as professionals from family offices, corporations, business owners, and institutional investors. Relevant industry participants seeking to transition careers are also welcome to apply.
Applicants will be admitted on a rolling basis. Limited seats available. Contact education@lavca.org to see if you qualify to attend.
|
|
|
|
Latin American private capital associations AMEXCAP, ARCAP, and ABVCAP hosted highly successful annual meetings in Mexico, Argentina, and Brazil in late May. Senior national policy-makers were featured at all three events, alongside global and local investors.
AMEXCAP's speakers and topics included panels on AFORES, impact, family offices, exits, infrastructure, real estate, venture capital, and more.
ARCAP's discussions were centered around the opportunity for venture and innovation, private equity, the macro future for Argentina, CVC, and more.
ABVCAP covered private capital in today's macro cycle, the appetite of LPs, innovation, and ethics.
For upcoming programs from these organizations and other LAVCA partners, access LAVCA's Industry and Partner Events page.
|
|
|
|
|
|
LAVCA spoke with Angel Uribe, Partner at LAVCA+ member firm TPG, about TPG Growth's exposure to Latin America to date and the trend of tech-enabled services and products continuing to grow in sectors like education, financial services and healthcare.
 Today, Latin America is already one of the largest and fastest growing markets for some of our global consumer technology businesses such as Uber, AirBnB, and Spotify.
Uribe also talked about how Latin America represents an important opportunity for The Rise Fund given the region’s development potential and how collinearity between investment success and impact is key.
Latin America represents an important opportunity for The Rise Fund given its development potential but also broader sectoral trends taking place in the region: a focus on education and digital literacy, a proliferation of mobile technology and regional and national efforts to expand clean energy.
TPG Growth’s investments in Latin America include Azul Linhas Aereas, one of largest airlines in Brazil, Resultados Digitais, the leading marketing automation platform for SMBs in the region, and Digital House, an education platform providing coding and digital skills in Brazil and Argentina.
Read the full article here.
|
|
|
|
|
Private Equity News
AC Capitales Exits Lima Airport Partners with Sale to Fraport
(Latin Finance) AC Capitales sold its remaining 10% stake in Lima Airport Partners to German transport company Fraport. Fraport now holds an 80% stake. LAP has a 30-year concessionaire to operate Lima’s airport. Read more
Actis Lists US$150m CerPI on the Mexican BMV
(Press Release) Actis listed a US$150m CerPI on the Mexican BMV. The CerPI was fully subscribed by Mexican pension fund managers prior to its listing. Actis will utilize the proceeds to invest in energy, infrastructure, and PE opportunities in Mexico, Latin America, Africa, and Asia. Read more
Patria Makes US$126m Follow-on Investment in Smartfit
(Reuters) Patria Investimentos will purchase newly issued shares and shares from existing shareholders in a follow on investment in Brazilian gym operator Smartfit worth US$126m. Read more
Colony Latam Partners Plans to Invest US$5b in Latin America
(WSJ) Colony Latam Partners formerly Abraaj’s Latin America subsidiary, plans to invest $5b in Latin America over the next 3-4 years. $1b will be invested in private equity, $500m each in clean energy and credit, and the rest in real estate. Half of the total investments will be dedicated to Mexico. Read more
Vinci Partners Acquires 8 Internet Providers To Create Vero (em português)
(Valor Econômico) In its first deal in the telecommunications sector, Vinci Partners acquired a holding company containing 8 internet providers in Minas Gerais. Vinci merged the companies to create Vero Internet. The total cost of the acquisition, merger, and continued growth investments is between R$500m and R$750m. Read more
InCoR Forms a Joint-Venture with Zinc One to Invest in Bongará Zinc Project
(Proactive Investors) InCoR Holdings formed a joint-venture with mining company Zinc One Resources to begin the development of the Bongara zinc mining project in Peru. InCoR will invest up to US$3.75m for a 80% stake in the mining project. Read more
Clairvest to Merge Chilean Gaming With Sun Dreams
(PE HUB) Canadian firm Clairvest Group agreed to merge its portfolio company Chilean Gaming Holdings with Sun Dreams creating one of the largest casino operating conglomerates in Latin America. Financial terms were not disclosed and Clairvest will remain an investor in the merged conglomerate. Read more
Vinci Partners Exits Cecrisa Through Sale to Duratex for R$1b (em português)
(Valor Econômico) Vinci Partners fully exited ceramic tile manufacturer Cecrisa through a strategic sale to Duratex. The sale was completed for a total price of R$1b including debt. Read more
BlackRock Buys Mexican Project From Canadian Solar Inc
(PE HUB) BlackRock purchased a 68MW solar power project in Aguascalientes, Mexico from Canadian Solar Inc. The project was purchased by Blackrock’s Infrastructure Fund II and financial terms were not disclosed. Read more
Brookfield Exits BRK Ambiental with Sale to GS Inima for R$780m (em português)
(Valor Econômico) Brookfield sold its majority stake in waste management company BRK Ambiental to the Spanish company GS Inima for R$780m. Read more
|
| |
 Venture Capital News
Softbank Invests US$200m in Creditas
(Brazil Journal) Softbank invested US$200m in Brazilian fintech Creditas with a reported US$700m valuation. Read more
Darkhorse Ventures, Finnovista & Others Invest in Identity Platform Tu Identidad
(Yahoo Finance) Mexican digital identity platform Tu Identidad raised an undisclosed round from Finnnovista, Darkhorse.mx, and others. Read more
DUX Capital Invests US$350k in Mexican Blockchain Trato (en español)
(Press Release) DUX Capital made a US$350k investment in Trato, a Mexican blockchain-based contract management platform. Read more
Vox Capital Invests R$6m in Fintech Startup Celcoin (em português)
(Investimentos Noticias) Vox Capital invested R$6m in Celcoin, a Brazilian mobile payments app.
Read more
Libbs Farmacêutica Invests US$1m in Brazilian Biotech PluriCell (em português)
(Istoé Dinheiro) Libbs Farmacêutica made a US$1m investment in Brazilian biotech PluriCell to develop regenerative cell therapies for cardiovascular diseases. PluriCell was founded in 2013 and incubated at USP/IPEN-Cietec. Read more
e.Bricks Ventures Invests R$14m in Brazilian Startup Ambar
e.Bricks Ventures made a R$14m follow-on investment in Brazilian construtech startup Ambar. E.Bricks invested R$40m+ previously. Read more
e.Bricks Ventures and BTG Pactual Invest in SMB Credit Platform Finpass
e.Bricks Ventures and BTG Pactual made an undisclosed investment in SMB credit platform Finpass. Read more
Redpoint eventures Leads Seed Investment in Brazilian Healthtech Sami
(Redpoint eventures) Redpoint eventures led an undisclosed seed investment in Brazilian healthtech Sami. Read more
Oikocredit Invests US$4.7m in Coffee Trader Caravela
(Press Release) Oikocredit Invested US$4.7m in Caravela, a coffee trader in Latin America that uses direct trade principles. Oikocredit purchased shares from Annona Sustainable Investments. Read more
YPF Ventures Launches New CVC Funds (en español)
(Cronista) YPF Ventures launched two CVC vehicles. An early-stage fund will focus on energy innovation and cleantech deals locally. A growth equity fund will collaborate with Silicon Valley investors on cross-border deals. Read more
|
 Real Estate News
Sura Asset Management Launches Second Real Estate Fund via Peru’s FIRBI Structure (en español)
(LexLatin) Sura Asset Management has announced the successful launch of its second real estate investment fund utilizing Peru’s FIRBI structure. With US$1b in commitments it is the largest FIRBI in Peruvian history. Read more
ODATA Launches its First Data Center in Colombia
(Press Release) Real Estate Investment Trust Company CyrusOne helped Brazilian data center company ODATA open its first data center in Bogotá. CyrusOne holds a 10% minority stake in ODATA while Pátria’s infrastructure fund holds a majority stake. Read more
Odebrecht Sells Headquarters in Brasil to SDI Gestão and Barzel Properties (em português)
(Estadão) Odebrecht sold its headquarters in São Paulo to SDI Gestão and Barzel Properties. The financial terms of the deal were undisclosed, but through the sale Odebrecht will settle a R$500m debt it incurred to finance the construction of the headquarters. Read more
|
|
|
|
|
|
VII Mexico PE Day
Hosted by AMEXCAP | June 19-20, 2019 | New York, NY
|
| |
|
|
Investor Relations Marketing & Communications Forum 2019
Hosted by PEI | June 19-20, 2019 | New York, NY
|
| |
|
|
SuperReturn Emerging Markets
Hosted by SuperReturn | June 24-26, 2019 | Amsterdam
|
| |
|
|
BlastU 2019
Hosted by BlastU | August 13-14, 2019 | São Paulo
|
| |
|
|
BayBrazil Annual Conference
Hosted by BayBrazil | August 22, 2019 | Menlo Park, CA
|
| |
|
|
LAVCA Week
Hosted by LAVCA | September 23-26, 2019 | New York, NY
|
| |
|
|
Peru Venture Capital Conference
Hosted by COFIDE | October 16-17, 2019 | Lima
|
| |
|
|
LAVCA | MIT Inside PE: Dealmaking in Latin America
Hosted by LAVCA & MIT | November 20-23, 2019 | Miami, FL
|
| |
| LAVCA Members receive a discount on select events. For information on member discounts, contact Caitlin Mitchell. |
The Association for Private Capital
Investment in Latin America
589 8th Avenue, 18th Floor
New York, NY 10018
Contact Us
|
|
|
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
|