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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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Colombia Peace Process Chief Negotiator Frank Pearl González joins Mauricio Salgar of Advent International and Martín Díaz Plata of Capital Group Private Markets for a discussion on the Colombia Peace Agreement: Implications for Investors at the LAVCA Summit & Investor Roundtable (PE program), September 25-27.
Private equity keynotes include Leon Black of Apollo Global Management, Bill Ford of General Atlantic, Paul Fribourg, Chairman of Continental Grain and an Apollo board member, and Tanya Carmichael of OTPP.
Josh Wolfe, Founder and Managing Partner of Lux Capital, a VC firm with US$1b AUM to fund scientists and entrepreneurs solving the world’s toughest problems, will close LAVCA’s Venture Investors Annual Meeting on September 28 with a discussion about the cutting edge of VC and why he’s “zero percent certain” about what he’s investing in next.
REGISTER for LAVCA WEEK, September 25 - 28, 2017 in New York City.
Family Offices are invited to a private program and dinner on September 25. Please contact us to see if you qualify to attend.
Qualified institutional investors are invited to an LP-only breakfast hosted by the ILPA on September 27th. RSVP.
Registration subject to approval. Space is limited.
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There is an OPEN CALL for private investment professionals and service providers to nominate private equity deal cases for the next edition of The Latin American Private Equity Deal Book & ESG Cases.
To nominate a case, individuals only need the fund manager and company name.
The first, second, and third editions were produced in 2014, 2015, and 2016 in response to demand from LPs for specific examples of private equity case studies.
LAVCA and a panel of LP judges will also select a series of private equity awards to bring recognition to fund managers with successful deal cases in Latin America. See 2016 and 2017 winners.
The LAVCA Deal Book and Award helps illustrate to institutional investors, policy makers, business owners, and other stakeholders the value of private equity in Latin America.
Please complete a brief ONLINE NOMINATION FORM. Questions can be directed to Natalia Valencia.
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Now available for download, LAVCA's report on Latin American Private Real Estate.
The report presents an independent perspective on the size of the Latin American private real estate market, identifying the main players, geographies, and relevant sectors in the region, with a particular focus on Brazil, Mexico, Colombia, Peru, and Chile.
The report is US$295 for non-members and free for LAVCA Members using their Member Login. Find out more about becoming a Member or access other LAVCA Industry Data & Reports.
Qualified institutional investors and other select investors can receive a complimentary copy. To see if you qualify, contact research@lavca.org.
NEW in 2017: LAVCA will host a dedicated Real Estate Program during LAVCA Week 2017, on the afternoon (2:00pm - 6:00pm) of September 27 in New York City. The program for real estate investors features speakers including:
Blackstone, Equity International, Cadillac Fairview, PGIM Real Estate, Metro Buildings, Peninsula Investments Group, Avenida Capital, Black Creek Group, Paladin Realty Partners, Tishman Speyer, Jaguar Growth Partners, TC Latin America Partners, Thor Urbana, Altment Capital Partners, GIC Real Estate, IFC, Profuturo, IMF, and others.
REGISTER HERE. Please note, you will have the option to register for all of LAVCA Week or the Real Estate Program only after filling out your personal details.
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Private Equity News
Colombia’s Grupo Argos Sells Port Company to Goldman Sachs for US$136m
(Reuters) Colombian holding company Grupo Argos sold its 50% stake in a port operator to an investment fund administered by Goldman Sachs for ~US$136m. Read more
Advent Portfolio Company Grupo Biotoscana IPO’s on Brazil’s B3 Exchange
(Press Release) Advent International announced that its portfolio company Grupo Biotoscana, a specialty pharmaceutical company in Latin America, priced its initial public offering at R$26.50 per share on Brazil’s B3 Exchange, generating gross proceeds of US$375.2m. Read more
Advent to Acquire Latin American Gaming and Resort Company Enjoy for up to US$170m
(Press Release) Advent International announced an agreement to partner with the Martinez Family to acquire a significant equity stake in Enjoy, a gaming and resort operator in Chile and Uruguay. Read more
South Korea’s STIC Investments Invests in Brazilian Soy Bean Company
(undercurrent news) STIC Investments’ Stic CJ Global Investment Partnership Private Equity Fund acquired a 22.67% stake in Selecta, a Brazilian soy bean company owned by Chilean fishing company Corpesca. Read more
Pátria Investimentos’ Olhos do Brasil Acquires Grupo Inob (em português)
(Brazil Journal) Pátria Investimentos’ platform company Hospital de Olhos do Brasil has acquired ophthalmology company Grupo Inob for an undisclosed amount. Read more
Advent Acquires Stake in Estácio from Chaim Zaher (em português)
(Valor Econômico) Advent International now owns a 8.67% stake in Brazilian education group Estácio. Read more
Piero Minardi Assumes Sole Leadership Role of Warburg Pincus Brazil (em português)
(Valor Econômico) After three years at Warburg Pincus, Piero Minardi assumed sole leadership role of Warburg Pincus’ Brazil office. Read more
Glisco Seeks to Raise up to US$400m for First Independent PE Fund (en español)
(El Financiero) Glisco Partners, a spin-off of Evercore, is seeking to raise between US$300m to US$400m for its first independent PE fund, which will invest in Mexican mid-market companies. Read more
IG4 Capital Raises US$105m for New Fund (em português)
(Fusões & Aquisições) Brazilian private equity firm IG4 Capital has raised US$105m towards a US$450m target for a new distressed private equity fund. Read more
Cartesian Capital Leads US$75m Investment in Argentina's ULCC Flybondi
(Reuters) Cartesian Capital led a US$75m investment in Argentinian low-cost airline, Flybondi. Yamasa Co. Limited, Michael Cawley, and Michael Powell also participated in the investment. Read more
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Venture Capital News
IGNIA, Angel Ventures, ON Ventures & GC Capital Invest in Rocket.la's Bridge Funding Round
(Press Release) IGNIA, Angel Ventures Mexico, ON Ventures, and GC Capital participated in a bridge funding round for Rocket.la, a Mexican fintech startup developing credit products for the under-banked. Read more
Base Partners Raises US$75m for First Fund
(Term Sheet) Brazilian tech investment firm Base Partners raised US$75m for its first fund, Base Growth I, to invest in growth-stage US tech companies. Read more
Criatec Invests in Epitrack (em português)
(Criatec) Criatec made an undisclosed investment in Epitrack, a healthtech company that uses machine learning and big data to predict epidemic behaviors in specific regions. Read more
ALLVP Leads US$1.5m Follow-on Investment in Apli
(Press Release) ALLVP led a US$1.5m follow-on investment in AI recruiting platform Apli. Other investors included Social Capital, Soldiers Field Angels, IGNIA Partners, and Numa Mexico. Read more
IGNIA Makes Five Investments in 2017 (en español)
(El Economista) Mexican VC IGNIA invested in five startups this year: Apli, AirTM, KarmaPulse, Lentesplus.com, and Afluenta. Read more
DNA Capital Invests R$5m in Healthtech Startup Beep (em português)
(Startupi) DNA Capital made a R$5m investment in Beep, a Brazilian startup offering 24-hour home care. Read more
SCL Energía Activa Invests in Chile’s Solarity Energía (en español)
(Economía y Negocios) LarrainVial’s SCL Energía Activa made an undisclosed investment in Chilean solar energy company Solarity to fund the startup’s expansion to Colombia. Read more
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Real Estate News
CPPIB & CCP Commit US$400m to Brazilian Office Joint Venture
(Press Release) After closing a portfolio exchange, CPPIB and Cyrela Commercial Properties have committed US$400m to a newly formed joint venture that will focus on additional investments in top-tier office properties in Brazil. Read more
Credit Suisse Collects MXN$5.7b with the Launch of Fund (en español)
(El Economista) Credit Suisse raised MXN$5.7b on Mexico’s stock exchange through a real estate trust that incorporates characteristics of a CKD vehicle. The trust will provide mortgages for Mexican commercial real estate projects. Read more
PGGM & APG Commit to GTIS’ Latest Brazil Real Estate Fund
(PERE) European investors PGGM and APG made significant capital commitments to GTIS’ latest Brazil real estate fund. Read more
Goodman Launches US$1b Brazilian Logistics Platform
(IPE Real Estate) Global logistics specialist Goodman has raised US$1b (€852m) from various investors within its existing investor base to develop and own facilities in Brazil. Read more
Artha Capital Invests MXN$1b in Veracruz Real Estate Project (en español)
(Centro Urbano) Artha Capital will invest MXN$1b in Villa del Mar, a corporate and commercial real estate project located in the city of Veracruz, Mexico. Read more
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Finnosummit
Hosted by Finnovista |
September 19-20, 2017 |
Mexico City, Mexico
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LAVCA Week: Summit & Investor Roundtable
Hosted by LAVCA |
September 26-27, 2017 |
New York, NY
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LAVCA Week: Venture Investors Annual Meeting
Hosted by LAVCA |
September 28, 2017 |
New York, NY
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Sustainable Investing in Emerging Markets
Hosted by FT and EMPEA |
October 17, 2017 |
London
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blastu
Hosted by blastu |
October 17-18, 2017 |
São Paulo, Brazil
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9th Annual Women’s Alternative Investment Summit
Hosted by Falk Marques Group |
November 2-3, 2017 |
New York, NY
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Expo Negocios Inmobiliarios 2017
Hosted by Inmobiliare |
November 8-9, 2017 |
Mexico City
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LAVCA Wharton Latin American Private Equity Executive Program
Hosted by LAVCA |
November 13-16, 2017 |
Miami, FL
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| LAVCA Members receive a discount on select events. For information on member discounts, contact Caitlin Mitchell
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Latin American Venture Capital Association
589 8th Avenue, 18th Floor
New York, NY 10018
Contact Us
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