Responsive Email Template
January 24, 2017
NEWS     EVENTS     LAVCA ↗     VC ↗    
 
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.
 
Latest Industry Headlines
 
Private Equity News

Advent International’s GTM Acquires Brazilian quantiQ for R$550m...

Venture Capital News

Telefónica Group Obtains EUR€40m Return on Global Investment in 1,532 Startups (em português)...

Real Estate News

GTIS Raises Over US$257m for Brazilian Real Estate Fund...

 
 
LAVCA Private Capital Update
 

Welcome to LAVCA’s redesigned bi-weekly newsletter, the Private Capital Update. We will continue to share industry news, research, events, and updates on investors from private equity, venture capital, real estate, infrastructure, and family offices in Latin America.

LAVCA Members can sign-up for access to Member-only content, including research and directories, here. Investment firms interested in joining can access an application form here.

Interested in venture capital specifically? Sign up for LAVCA’s bi-weekly VC newsletter, the LatAm Venture Bulletin and access free VC content, including news, research, and directories at lavca.org/VC.

 
 
Latin American PE Awards & Invite to Responsible Investment Forum
 

LAVCA Member investment firms and LPs are invited to attend the Latin American Panel and Awards Luncheon during the PEI/PRI Responsible Investment Forum in New York on March 7, 2017.

Join LAVCA President Cate Ambrose for a panel discussion on Responsible Investment in Latin America, including:

>> Deal cases: practical examples of managing ESG-related issues at the portfolio company level

>> LP perspective: how do Latin American fund managers measure up in terms of ESG practices at the fund level

>> Managing risks where corruption is a consideration

Following the panel, LAVCA and EY will announce the Latin American PE Award Winners, an important initiative to help bring recognition to fund managers with successful deal cases in Latin America.

LAVCA Member firms submitted cases in 2016, featured in the third edition of the Latin American Private Equity Deal Book & ESG Cases.

Following the panel and award announcement, attendees will also be invited to participate in a networking luncheon. Space is limited. LAVCA Member investment firms and LPs must RSVP before February 24, 2017. Contact lgalamba@lavca.org to see if you qualify to attend.

 
 
Fund Manager InvitatioN:
New York State Common Retirement Fund Conference
 

LAVCA Member GPs are invited to attend the 10th Annual Emerging Manager & MWBE Conference, hosted by the New York State Common Retirement Fund on February 17, 2017 in Albany, NY.

The Emerging Manager Program offers opportunities to newer, smaller and diverse investment management firms to help grow the State’s Common Retirement Fund. The Fund is one of a few public pension plans to establish an emerging manager program and has committed US$5.2 billion into the program.

Use this link to go to the New York State Comptroller's website for more information and to register.

Email emergingmanager@osc.state.ny.us or call +1 518 473-3243 with any questions.

 
 
Save the Date: VC in the Bay
 

Following the success of VC in NY in 2016, LAVCA will host a similar two-day immersion program for early stage venture investors from Latin America in the Bay Area on April 3-4, 2017.

Fifteen VCs from Brazil, Mexico, Colombia, Argentina, and Chile will be invited to interact with key players in the Bay Area’s venture community. VC in the Bay will combine a conversational format, experience-based discussions, and an interactive curriculum to deliver practical investor knowledge and relevant insights into one of the leading global startup ecosystems.

Contact lgalamba@lavca.org or jruvolo@lavca.org for more information or to see if you qualify.

 
 
2017 LAVCA Program Calendar
 

LAVCA's program calendar is continually evolving to meet the needs of members and the industry.

Save the date for the annual gathering of members and industry thought leaders during LAVCA Week, September 25-28, 2017, in New York City.

LAVCA is also continuing its partnership with Wharton to host the third annual Latin American Private Equity Professional Development Program in Miami, November 13-16, 2017. Applications are now being accepted.

To view the calendar, click here. (Additional programs and policy meetings to be announced. Event calendar subject to change.)

As a reminder, LAVCA Members receive discounts to relevant industry events, accessible by using your login and visiting our Industry & Partner Events page.

 
 
Latest Industry News
 
Private Equity News

Advent International’s GTM Acquires Brazilian quantiQ for R$550m

(Press Release) GTM, a Latin American chemical distributor and portfolio company of Advent International, announced the acquisition of Brazilian chemical distributor, quantiQ, from Braskem, for R$550m. Read more


GIC Buys Stake in Cruzeiro do Sul from Actis (em português)

(Press Release) Actis sold its 37% stake in Brazilian education company Cruzeiro do Sul to GIC for an undisclosed amount. The closing of this transaction is pending regulatory approval. Read more


L Catterton Invests in Brazilian Grupo Espaçolaser

(PE Hub) L Catterton has made an investment in Brazil’s Grupo Espaçolaser, a laser hair removal company, for an undisclosed amount. Read more


Alta Growth Capital Invests in +KOTA

(Press Release) Alta Growth Capital announced an investment in Mexican pet retailer Maskota (+KOTA) for an undisclosed amount. Read more


Southern Cross to Merge IT Firms Getronics and Intellego (en español)

(Expansión) Southern Cross will merge the technology companies Getronics and Intellego, potentially forming the largest independent IT company in Latin America. Read more


Abraaj Acquires Majority Stake in Chilean Firm Casaideas

(Press Release) The Abraaj Group has acquired a majority stake in Casaideas, a home design and decoration business with a growing market presence in Chile, Peru, and Bolivia. Read more


Cade Approves Eletromidia’s Acquisition of TV Minuto (em português)...

(Valor Econômico) The Brazilian Administrative Council of Economic Defense (Cade) approved, without restriction, the acquisition of 30% of Band Rio’s TV Minuto by H.I.G. Capital’s Eletromidia. Read more


Bain Capital's Grupo NotreDame Intermédica Buys Hospital SAMCI (em português)

(Investimentos e Notícias) Grupo NotreDame Intermédica (GNDI), controlled by Bain Capital, has announced the purchase of SAMCI hospital in Rio de Janeiro. Read more


Petróleo Brasileiro Sells 100% Stake in Petrobras Chile Distribuición to Southern Cross

(BR Petrobas) Petróleo Brasileiro has completed the sale of 100% of Petrobras Chile Distribuición to the Southern Cross Group for US$470m. Read more


H.I.G. Acquires Brazilian Animal Nutrition Company BigSal

(Press Release) H.I.G. Capital announced it completed the acquisition of Bigsal, an animal nutrition provider in the North region of Brazil for an undisclosed amount. Read more


Southern Cross Purchases Getronics LATAM from OpenGate Capital

(Press Release) Southern Cross Group has completed the purchase Getronics LATAM from OpenGate Capital. Financial terms of the transaction were not disclosed. Read more


Venture Capital News

Riverwood Capital and DiDi Invest in Brazilian 99 (em português)

(Valor Econômico) Didi and Riverwood Capital completed an investment in Brazilian car sharing company Brazilian 99 (formerly 99 Taxis). Read more


Monashees+ Invests R$1m in Cambly (em português)

(Estadão Economia) Venture Capital firm Monashees+ invested R$1m in English learning app Cambly and obtained a minority stake in the company. Read more


Axon Partners Group Invests in Mexico’s Simpati Mobile (en español)

(Press Release) Axon Partners Group led an investment in Simpati Mobile via its fund, Amerigo Ventures Pacífico. Simpati is a Mexican mobile virtual network operator (MVNO) focused on servicing working women.Read more


ALLVP Leads US$6m Series A Round in Alkanza

(Press Release) ALLVP led a US$6m Series A investment in investment portfolio robo-advisory platform Alkanza. The round also includes participation from Colombia’s Grupo Sura/Veronorte Ventures, as well as an unnamed UK-based asset manager. Read more


Axon Partners Group Invests in Renueva Tu Clóset (en español)

(Press Release) Axon Partners Group invested in Argentina based online retail platform Renueva Tu Clóset for an undisclosed amount. The transaction marks the first investment for Axon Partners in Argentina and Chile, as well as its seventh investment in Colombia. Read more


Mountain Nazca and Accion Invest in Destacame.cl

(Press Release) Venture Capital firms Mountain Nazca and Accion led an investment in Chilean-based alternative credit scoring startup Destacame.cl. Read more


Kick Ventures Invests in Brazilian Startup Unimove (em português)

(Baguete) Brazilian venture capital firm Kick Ventures made an undisclosed investment in mobile fidelity app Unimove. Read more


Telefónica Group Obtains EUR€40m Return on Global Investment in 1,532 Startups (em português)

(Press Release) Telefónica Open Future_, invested EUR€166m in 1,532 startups since the program's start in 2011, of which it obtained a return of EUR€40m. Read more


IGNIA Invests in Mexican Fintech Company Abra

(Press Release) Mexican Venture Capital fund IGNIA made an undisclosed investment in Abra, a blockchain-enabled mobile payments startup based in California.Read more


Wayra Argentina Accelerated Widow Games Receives US$250k Investment (en español)

(Pulso Social) Wayra Brasil, Acelera Partners, Microsoft Ventures, and Qualcomm Ventures invested US$250k in Widow Games, a video game startup that specializes in creating digital versions of classic board games. Read more


Kibo Ventures and PeopleFund Lead US$5m Series A Round in iguama

(Press Release) Venture Capital firms Kibo Ventures and PeopleFund led a US$5m Series A in cross-border e-commerce company iguama. Read more


Real Estate News

GTIS Raises Over US$257m for Brazilian RE Fund

(Alt Assets) New York based GTIS Partners has raised more than US$257m from 24 limited partners for its latest Brazilian real estate fund. Read more


HSI to Buy up to R$1.5b in Assets (em portugues)

Private equity real estate firm Hemisfério Sul Investimentos (HSI) plans to acquire between R$1b and R$1.5b worth of assets in 2017. Read more


Pátria Investimentos and Sam Zell to Combine Self-Storage Business in Brazil (em português)

(Exame) Real estate tycoon Sam Zell and Pátria Investimentos agreed to combine their self-storage businesses in Brazil into a joint venture, with the goal of more than doubling capacity by 2020. Read more


LaSalle Sells Mexican Portfolio to Artha Capital for US$95m (en español)

(Lexlatin) LaSalle Investment Management sold its portfolio of Class A industrial buildings located in Tijuana, Silao, and Querétaro to Artha Capital for US$95m. Read more


FIC to Invest US$258m in Grupo Éxito’s Viva Malls (en español)

(Comunicados/CO) Fondo Inmobiliario Colombia (FIC), a real estate fund managed by Bancolombia, signed an agreement to invest in Grupo Éxito’s real estate trust, Viva Malls, for US$258m (COL$770b). Read more


GCarr to Launch Real Estate CKD (en español)

(El Economista) Grupo Inmobiliario Carr (GCarr), via its real estate firm Be Grand, is in the process of listing its first CKD on the Bolsa Mexicana de Valores (BMV) to fund projects in the real estate sector. Read more


Orange Investments Issues First CKD (en español)

(El Economista) Orange Investments, an investment firm focused on real estate investments in Mexico, seeks to capture up to MXN5b with the issuance of its first CKD vehicle. Read more


Alsis Funds to Invest in Mexican Housing (en español)

(El Economista) Miami-based private capital firm Alsis has committed to investing in the Mexican housing sector. Alsis is backed by Ontario Teacher’s Pension Plan (OTPP), the California Public Employee Retirement System (CalPERS), and private equity and venture capital firm, Northgate. Read more


Walton Street México to Invest MXN1.4b in Real Estate Projects (en español)

(El Economista) Mexican private equity firm Walton Street México will invest MXN1.4b in real estate projects in Mexico. The funds for the investment were raised from the issuance of the firm’s fourth CKD. Read more


Gafisa Sells 30% of Tenda to Jaguar Real Estate Partners

(Reuters) Gafisa agreed to sell up to a 30% stake in Brazilian residential property developer Tenda to Jaguar Real Estate Partners. Read more


Gava to Finance Mexico’s Real Estate Sector (en español)

(El Economista) Gava is seeking to raise up to MXN4b, via the issuance of a CKD on the Bolsa Mexicana de Valores (BMV), with plans to make investments between MXN50m and MXN100m in Mexico’s real estate sector. Read more


 
 
Industry & Partner Events
Add to Calendar
Global Corporate Venturing & Innovation Summit
Hosted by Global Corporate Venturing | January 25-26, 2017 | Sonoma, CA
 
Add to Calendar
Foro Latinoamericano de Inversion de Impacto (FLII)
Hosted by New Ventures | February 14-16, 2017 | Merida, Mexico
 
Add to Calendar
PEI/PRI Responsible Investment Forum
Hosted by PEI and PRI | March 7-8, 2017 | New York, NY
 
Add to Calendar
Women's Private Equity Summit
Hosted by Falk Marques Group | March 8-10, 2017 | Half Moon Bay, CA
 
Add to Calendar
FINNOSUMMIT
Hosted by Finnovista | March 14, 2017 | Bogotá, Colombia
 
Add to Calendar
MIPIM
Hosted by MIPIM | March 14-17, 2017 | Cannes, France
 
Add to Calendar
AMEXCAP Annual Summit
Hosted by AMEXCAP | March 29-31, 2017 | Mexico City, Mexico
 
Add to Calendar
IFC's 19th Annual Global PE Conference in Association with EMPEA
Hosted by IFC and EMPEA | May 16-17, 2017 | Washington, DC
 
Add to Calendar
ABVCAP Congress
Hosted by ABVCAP | June 5-6, 2017 | São Paulo, Brazil
 
Add to Calendar
Mexico PE Day 2017
Hosted by AMEXCAP | June 8, 2017 | New York, NY
LAVCA Members receive a discount on select events. For information on member discounts, contact Caitlin Mitchell
 

Latin American Venture Capital Association
589 8th Avenue, 18th Floor
New York, NY 10018

Contact Us


The LAVCA Private Capital Update is owned and published by the Latin American Private Equity & Venture Capital Association. All rights reserved.
lavca.org
RSS Feed  Twitter  Vimeo
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -


Cvent - Web-based Software Solutions