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| 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.
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LAVCA Week registration is closing with record confirmations from limited partners in 2018.
LAVCA Summit & Investor Roundtable private equity program (Sept. 24-26) speaker highlights:
- A Keynote from President Bill Clinton, 42nd President of the United States
- Mexico's Chief Negotiator for NAFTA Kenneth Smith Ramos & Shannon O'Neil of the Council on Foreign Relations
- David Rubenstein in Conversation with Pedro Parente, Former President of Petrobras & CEO of BRF
- LP Keynote from Craig Thorburn, Head of Emerging Markets at Future Fund
LAVCA Venture Investors Annual Meeting (Sept. 27) speaker highlights:
- A Discussion with Rappi, Postmates, UberEats, ALLVP, and monashees+ on the Battleground for the Last Mile
- A Closing Fireside Chat with Hurst Lin, Co-Founder & General Partner, DCM with Hernan Kazah, Co-Founder & Managing Partner, KaszeK
We also look forward to welcoming qualified investors for the family offices program and dinner (Sept. 24), the LP-only breakfast hosted by ILPA (Sept. 26), the Real Estate Program (Sept. 26) and a half day ILPA Institute Workshop (Sept. 27).
Contact Leah Galamba with program and registration-related questions.
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LAVCA is conducting the first-ever survey of Latin American startups, the results of which will be shared globally to help put Latin American tech innovation on the map.
We want to tell the world how many jobs startups in the region are creating, what the gender diversity is among startup founders, challenges for startup growth, and the impact startups are making in their market, sector, and community.
All qualifying applicants will receive:
PARTICIPATE IN THE SURVEY
This survey is multiple choice and should take a startup CEO or founder no more than 12-15 minutes to complete. If you have any questions, please contact jruvolo@lavca.org or malgarin@lavca.org.
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LAVCA spoke with Luis Cervantes, Principal and Head of General Atlantic’s Mexico office, about the importance of family offices, both as LPs in funds and co-investors, and the private investment opportunity in Latin America.
 We have invested over US$2.8 billion across 18 Latin American companies over the last ten years, and have completed eleven exits… Latin America has been one of our most successful regions globally over the past few years.
Cervantes also discussed GA’s investment strategy in Mexico and how digitization, new regulation, and a growing number of entrepreneurs are creating a platform for fintech in the country.
We are excited about the opportunity set in the Fintech sector in Mexico. We believe the economy is digitalizing at a fast-pace, regulation is catching up, and a growing number of entrepreneurs are trying to increase penetration of financial services in Mexico through disruptive offerings.
Read the full article here.
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Private Equity News
H.I.G. Capital Makes Undisclosed Investment in Clínica AMO
(Press Release) H.I.G. Capital announced that one of its affiliates has completed a strategic investment in Clínica AMO, an independent oncology clinic in Brazil. Read more
Actis Acquires 197MW Wind Projects in Brazil
(BN Americas) Actis has purchased the right to build 197MW wind projects in the northeastern Brazilian region, Serra Branca in Rico Grande do Norte state. The acquisition was made through Actis’ Brazilian subsidiary Echoenergia for an undisclosed amount. Read more
Atlas Renewable Energy Acquires Four Sun Power Solar Parks in Mexico (en español)
(Lex Latin) Atlas Renewable Energy entered into three share purchase agreements for the acquisition of four photovoltaic projects in Mexico from Sun Power Corp., while its subsidiary, Atlas Renewable Energy Mexico, S. de RL de CV obtained financing from Bancomext. Read more
Bozano Investimentos’ Hospital Care Makes First Acquisition Outside of the State of São Paulo (em português)
(Valor Econômico) Hospital Care - a hospital network controlled by Bozano Investimentos and Abaporu closed the acquisition of Baia Sul Hospital and Clínica Image, in Florianópolis (SC). Read more
Linzor Capital's Komax Buys Chilean Clothing and Sports Equipment Brand Stoked (en español)
(Lex Latin) Linzor Capital’s Komax reached an agreement with Wave Park SpA to acquire Stoked, a brand of clothing and equipment for water sports. Read more
BlackRock Raises MXN500m Cerpi (en español)
(El Economista) BlackRock México Infraestructura III raised a MXN500m Cerpi via the Mexican Stock Exchange (BMV). The vehicle will invest in energy projects, transportation, water, and social infrastructure such as hospitals in Mexico, Chile, Colombia, and Peru. Read more
Cade Approves Brookfield’s FIP Brasil Energia Acquisition of 50% Capital Shares in Esperanza (em português)
(Uol) Brazil’s antitrust authority CADE has approved without restrictions, the acquisition of 50% of social capital of Esperanza Transmissora de Energia (Esperanza) by Brasil Energia Fundo de Investimento em Participações Multiestratégia (FIP Brasil Energia). Read more
2B Capital Buys Shares of the Brazilian Health Company H. Hemo (en español)
(Lex Latin) 2B Capital agreed to acquire 34.8% of the shares of the hematology service provider and clinical laboratory Hemoterapia Brasil (H. Hemo), for an undisclosed amount. Read more
EIG Manabi Acquires Shares of Classroom Investments in MLog (en español)
(Lex Latin) EIG Manabi Holdings acquired Canadian investment management firm Classroom Investments Inc.'s shares in the Brazilian company MLog for an undisclosed amount. At the same time, EIG Manabi Holdings purchased the titles of Longloaf Partners International Fund and Longloaf Partners Global Ucits Fund in the logistics, navigation and mining infrastructure company. Read more
Imeri Capital Invests in Saudalys Group's Dental Clinic Network (em português)
(Folha de São Paulo) Imeri Capital acquired a minority stake in a network of dental clinics and prosthetics laboratories owned by the Saudalys Group. The fund now has a quarter of the company, valued at R$100m. Read more
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 Venture Capital News
ALLVP Exits Delivery Startup Cornershop in US$225m Sale to Walmart
(Press Release) ALLVP exited delivery startup Cornershop through a US$225m sale to Walmart. Read more
DST Global and Sequoia Capital Invest US$220m in Rappi (en español)
(Expansión) Expansion confirms Rappi raised US$220m in its latest funding round. US$200m from DST Global, US$20m from existing investors Sequoia Capital, Andreessen Horowitz and ONEVC. Read more
MercadoLibre Acquires Machine Learning Startup Machinalis (en español)
(Press Release) MercadoLibre acquired Machinalis, a startup applying machine learning to product recommendation. Read more
GGV Capital Leads US$63m Series A in Brazilian Mobility Startup Yellow
(Fortune Term Sheet) GGV Capital led a US$63m Series A in Yellow, a Brazilian dockless bike service, with participation from monashees+, Grishin Robotics, Base10 Partners and Class 5. Read more
Aurus Capital Makes US$3.5m Series A Investment in Chilean Mining Tech Company Scarab
(Press Release) Aurus Capital made a US$3.5m Series A investment in Scarab, a Chilean mining tech company reducing waste material environmental impact. Read more
Movida, Componente & Others Lead R$3.1m Investment Round in E-Moving (em português)
(Startupi) E-Moving, a Brazilian mobility startup renting and selling electric bikes, raised R$3.1m from car rental company Movida and Componente, the family office of Bodytech and SoulCycle investor João Paulo Diniz, and angel investors. Read more
Domo Invest Makes R$3m Investment in Self-Service Restaurant Platform (em português)
(Startupi) Domo Invest made a R$3m investment in Goomer, a self-service restaurant platform. Read more
Cargill Invests in Brazilian Pork Industry Agtech Agriness (em português)
(DCI) Cargill has entered into a minority investment agreement with Agriness, a technology company focused on pork production. Agriness, which has a cloud-based digital platform for agricultural production management, has a share of more than 90 percent in the Brazilian pork market. Read more
Cedro Capital Makes R$1.5m Investment in Brazilian Xvision Tecnologia (em português)
(Baguete) Cedro Capital made a R$1.5m investment in Xvision Tecnologia, a Brazilian omnichannel communications platform for businesses. Read more
Oikocredit, Fiinlab, & Vox Capital Make Undisclosed Series C Investment in Fintech Avante
(Press Release) Oikocredit, Fiinlab, and Vox Capital made an undisclosed Series C investment in Avante, a Brazilian fintech offering microcredit and mobile point of sale to micro-entrepreneurs in over 1,100 Brazilian cities. Read more
Angel Investors & Startup Farm Accelerator Make R$1m Investment in Crowdfunding Startup Incentiv (em português)
(TI Inside) Harvard Angels, Anjos do Brasil, Insper Angels, and the Startup Farm accelerator made a R$1m investment in Incentiv, a Brazilian crowdfunding startup for tax-incentivized impact projects. Read more
Abseed Makes Undisclosed Investment in Helpdesk Platform Movidesk (em português)
(Baguete) Brazilian seed fund Abseed made an undisclosed seed investment in Movidesk, a Brazilian multi-channel helpdesk platform. Abseed also invested in Meetime, Aegro, and GoCache. Read more
GC Capital Announces First Close of MXN100m for its Second Fund (en español)
(Expansión) Mexican venture firm GC Capital announced a first close of MXN100m for its second fund. Read more
monashees+ and XP Investimentos Make an Undisclosed Investment in Rebel (em português)
(IstoÉ Dinheiro) monashees+ and XP Investimentos made an undisclosed investment in Rebel, a personal credit startup for middle-class Brazilians, with participation from Point Break Capital and J. Malucelli. Read more
GVAngels Invests R$400k in Online Travel Agency Startup Instaviagem (em português)
(TI Inside) GVAngels invested R$400k in Instaviagem, a Brazilian startup specialized in pre-arranged "blind" travel. GVAngels is a group of angel investors formed by Fundação alumni Getúlio Vargas. Read more
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 Real Estate News
Ashmore Group Acquires Avenida Capital (en español)
(Press Release) Ashmore Group acquired a majority stake in Avenida Capital, a Latin America-based private equity real estate investment firm. The acquisition aligns with Ashmore’s strategy to expand its alternative investment product offering in key emerging markets, and further strengthens its footprint in Latin America. Read more
Canadian Pension Fund PSP Investments Invests COP420,000m in Fondo Inmobilario Colombia (en español)
(La Republica) After a COP420,000 million capitalization of the Fondo Inmobiliario Colombia, the Canadian pension fund, PSP Investments now has a 34% stake. Other participants include Bancolombia, with a 51% stake, and Suramericana de Seguros, a corporate partner, with a 14% stake. Read more
CKDELTA Raises MXN471m for Real Estate Investments via a CKD (en español)
(El Economista) The real estate investment fund Administradora CKDELTA raised about MXN 471m with the initial issuance of its first CKD in the BMV to make investments in real estate projects in Mexico. The total amount of the MXN CKD is 2,357.7 million pesos. Read more
Jonathan Lulu Joins Jaguar Growth Partners as Chief Capital Officer
(Press Release) Jaguar Growth Partners announced the appointment of Jonathan Lulu as Chief Capital Officer and a member of the Jaguar Investment Committee. Read more
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Women Funding Women
Hosted by Dell & Springboard Enterprises | September 18 | São Paulo
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FINNOSUMMIT Miami
Hosted by Finnovista | October 4 - 5, 2018 | Miami, Florida
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LATAM Investment Summit
Hosted by i11 and Group SG | October 19, 2018 | Miami, Florida
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Sustainable Investing Emerging Markets Summit
Hosted by EMPEA | October 23, 2018 | London, UK
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GIIN Investor Forum
Hosted by GIIN & PEI | October 30-31, 2018 | Paris, France
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Foro Argentino de Inversiones 2018
Hosted by ARCAP | November 1, 2018 | Buenos Aires, Argentina
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WeXchange
Hosted by FOMIN | November 6-7, 2018 | Lima,Peru
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FLII Central America and the Caribbean
Hosted by Alterna & New Ventures | November 7-8, 2018 | Antigua,Guatemala
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PERE America
Hosted by PERE | November 7-8, 2018 | New York, NY
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Women's Alternative Investment Summit
Hosted by Falk Marques | November 8-9, 2018 | New York,NY
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Inside Private Equity: Dealmaking in Latin America
Hosted by LAVCA & MIT | November 12-15, 2018 | Miami, Florida
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5th International Investment Forum Chile 2019
Hosted by InvestChile | January 15-17, 2019 | Santiago, Chile
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PERE Investor Forum: Los Angeles
Hosted by PERE | April 17-18, 2019 | Los Angeles, CA
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LAVCA Member & LP Reception
Hosted by LAVCA & Advent | September 24, 2018 | New York, NY
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Family Office Program & Dinner
Hosted by LAVCA | September 24, 2018 | New York, NY |
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Summit & Investor Roundtable
Hosted by LAVCA | September 24-26, 2018 | New York, NY |
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ILPA LP-Only Breakfast
Hosted by LAVCA & ILPA | September 26, 2018 | New York, NY |
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Real Estate Program
Hosted by LAVCA | September 26, 2018 | New York, NY |
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ILPA Institute Workshop
Hosted by LAVCA & ILPA | September 27, 2018 | New York, NY
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Venture Investors Annual Meeting
Hosted by LAVCA | September 27, 2018 | New York, NY |
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VC & Tech After Party
Hosted by LAVCA & Riverwood Capital | September 27, 2018 | New York, NY |
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| LAVCA Members receive a discount on select events. For information on member discounts, contact Caitlin Mitchell. |
Latin American Private Capital Association
589 8th Avenue, 18th Floor
New York, NY 10018
Contact Us
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