Latin American Private Capital Update - May 08, 2018 Latin American Private Capital Update March 5, 2019
March 5, 2019
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LAVCA Private Capital Update
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
Private Equity News

L Catterton Acquires Argentine Winery...

Venture Capital News
Venture Capital News

Chile's NotCo Receives US$30m from Bezos and...

Real Estate News
Real Estate News

Blue Macaw Prepares a US$250m+ RE Fund ...

 
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Riverwood, Aqua, Linzor, ACON Selected for PE & ESG Awards

 
Awards
 
AWARD WINNERS
 

Today, LAVCA announced the winners of the 2019 Latin American Private Equity Awards during a special Latin American presentation at the PEI/PRI Responsible Investment Forum.

A panel of institutional investors selected Riverwood Capital for the 2019 Private Equity Deal for their investment in Brazilian ride-sharing service 99. Riverwood exited their investment with the sale of 99 to Beijing-headquartered technology giant DiDi Chuxing in January 2018, representing the only all-cash exit in the ride-hailing industry globally to date.

Aqua Capital received the 2019 Environmental Responsibility in a PE Deal award for their investment in Brazilian plant nutrition company Fertiláqua due to the implementation of an environmental and safety program, including an upgraded production facility that minimized energy and water use and reduced emissions. In 2018 Fertiláqua was one of the first Brazilian companies to receive an ISO 14001 Environmental Management System Standard designation.

Linzor Capital Partner received the 2019 Social Responsibility in a PE Deal award for their investment in Farmashop, a Uruguayan pharmacy chain with company-wide programs for employee education and diverse hiring practices, including a pilot program to hire people with disabilities and an annual campaign called Mamas, Tias, y Abuelas aimed at employing and mentoring women aged 35-50 who are looking to enter or re-enter the workforce.

LAVCA awarded ACON Investments the inaugural 2019 Gender Diversity in a PE Deal award for their investment in Betterware, a Mexican consumer/retail company that provides flexible employment, training, and zero interest rate working capital for women. The majority of Betterware’s employees are female including 98% of Betterware’s salespeople and 90% of the company’s regional managers.

Judges included international institutional investors such as development finance institutions, insurance companies, pension funds, and trusts. Scores took into consideration company transformation, IRR, EBITDA, governance, and where relevant, social and environmental impact. Read the press release.

 
 

NEW: 5TH EDITION LAVCA DEAL BOOK & ESG CASES

 
DEAL BOOK
 
DOWNLOAD
 

LAVCA recently published the Fifth Edition of The Latin American Private Equity Deal Book & ESG Cases.

The deal book details 12 PE investments across stages, countries, and sectors including consumer retail, financial services, IT, agribusiness, alternative energy, and more:

  • ACON Investments (Betterware)
  • Adobe Capital (NatGas)
  • Aqua Capital (Fertiláqua)
  • Ashmore Colombia (TermoemCali)
  • Gerbera Capital Asesores (Green Gold Farms)
  • IG4 Capital (Iguá Saneamento)
  • Kandeo Assest Management (Acceso Corp)
  • Linzor Capital Partners (Farmashop)
  • PC Capital (Grupo Filoa)
  • Riverwood Capital (99)
  • Victoria Capital Partners (Satus Ager)
  • Vinci Partners (Companhia Brasileira de Offshore)

Over 60 deal cases have been published by LAVCA since 2014.

 
 

AMENDMENTS TO MEXICO'S PENSION FUND LAW

 
LAVCA WEEK
 
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On January 16, 2019, the federal executive branch of the Mexican Government introduced a proposal to amend provisions of the Pension Funds Systems Law.

LAVCA spoke with Nader, Hayaux & Goebel about the amendments and the effect they are expected to have on:

    Operating Models

    Investment Opportunities

    Performance Fees

    Withdrawal of Voluntary Deposits


Read the full article here. Check out LAVCA's other featured articles or learn about LAVCA's policy work.

 
 
 
 

Latest Industry News

 
Private Equity News
Private Equity News

L Catterton Acquires Argentine Winery Susana Bello Wines (en español)

(La Nacion) L Catterton acquired Argentina-based winery Susana Bello Wines for an undisclosed amount. Read more


Victoria Capital Portfolio Company Satus Ager Acquires Argentina’s Tecnoseeds (em português)

(Valor Econômico) Argentine seed production company Satus Ager, a portfolio company of Victoria Capital, has acquired Argentine seed supplier, Tecnoseeds. Read more


Lyon Capital in Talks to Buy Solar Energy Project in Rio Grande do Norte, Brazil (em português)

(DCI) Alternative asset management firm Lyon Capital is in talks to acquire a 30-MW Inhare I solar project in Rio Grande do Norte from financial consultancy Hichens Harrison. Read more


Spruceview Capital Partners Lists US$300m on BMV via CERPI (en español)

(Columbus) Spruceview Capital Partners listed a US$300m CERPI on Mexico’s BMV to invest globally. Read more


PG Impact Makes Debt Investment In Bayport Mexico

(Press Release) Private equity impact investor, PG Impact Investments, has announced a debt investment in Bayport Mexico, a non-bank financial institution offering loans to lower middle-income public sector employees and pension beneficiaries in Mexico. Read more


MDFI Launches Private Equity Impact Fund for Independent Media

(Press Release) Media Development Investment Fund (MDFI) has announced the closing of their Emerging Media Opportunity Fund I, a private equity fund for independent media operating in restrictive environments, at US$12.95m. Read more


 
Venture Capital News Venture Capital News

The Craftory, Bezos Expeditions, MAYA Capital, & KaszeK Ventures Invest US$30m in Chile’s NotCo

(Medium) Chilean foodtech NotCo raised a US$30m investment led by The Craftory, with participation from Bezos Expeditions, MAYA Capital and previous investor KaszeK Ventures. NotCo is The Craftory and Amazon CEO Jeff Bezos’ first known investment in a Latin American startup company. Read more


Five Elms Capital Invests US$7m in PlayVox

(Press Release) Five Elms Capital made a US$7m investment in PlayVox, an omnichannel QA/performance management software founded in Colombia by Oscar Giraldo. Read more


IGNIA Invests US$1.5m in Mexican Fintech Fondeadora

(Press Release) IGNIA invested US$1.5m in Fondeadora, a Mexican open banking platform. Read more


Fen Ventures Leads US$3m Series A in Chile’s Destacame.cl

(Press Release) Fen Ventures led a US$3m Series A investment in Chilean personal financial management platform Destacame.cl. Exisiting investors Accion Venture Lab and Mountain Nazca Chile participated in the round. Read more


Ecotierra Lanches Sustainable Impact Fund Urapi (en español)

(LexLatin) Canadian agroforestry project developer Ecotierra launched Urapi, its first sustainable impact fund. Urapi will develop, invest, and implement sustainable agroforestry projects in Latin America. Read more


Sweden’s Blue AB and Others Invest €2.5m in Chile’s Karün (en español)

(LexLatin) Chilean recycled glasses manufacturer Karün raised €2.5m from Swedish impact investor Blue AB and others. Read more


BR Startups Invests R$1.5m in US-Based Personal Finance App Olivia (em português)

(Press Release) BR Startups, managed by MSW Capital, made a R$1.5m investment in US-based personal finance app Olivia. Read more


Performa Investimentos Invests in Brazilian Work-From-Home Contact Center Home Agent

(Press Release) Performa Investimentos made an undisclosed investment in Home Agent, a Brazilian work-from-home contact center, with participation from Gavea Angels. Read more


Kviv Ventures Leads R$5m Investment in Brazil’s Nutrebem (em português)

(Baguete) Kviv Ventures led a R$5m investment in Nutrebem, a nutrition platform to monitor children’s nutrition at school. Confrapar and Barn Investmentos invested previously. Read more


GINCapital Invests in Mexican Coding Bootcamp Holacode

(GINformate) GINcapital made an undisclosed investment in Holacode, a coding bootcamp for young Mexicans who have been deported from the U.S. and for refugees from Central America. Read more


Brazilian Audiobook Startup Ubook Prepares for IPO in Canada (em português)

(DCI) Brazilian audiobook company Ubook is planning a Canadian IPO for 2H2019. Read more


Real Estate News Real Estate News

Blue Macaw Prepares a US$250 – US$500m Real Estate Fund (em português)

(Valor Econômico) Blue Macaw, former Blackstone’s Marcelo Fedak’s new fund, is preparing to raise US$250m – US$500m for its first real estate fund. Read more


GTIS Partners to Make Follow-On Investment of R$400m in Brazilian Hospital Group (em português)

(Valor Econômico) Real Estate private equity firm GTIS Partners will invest R$400m in Brazilian Hospital Group (BHG), Brazil’s largest hotel owner and one of the country’s leading hotel operators. Read more


Brookfield Asset Management Closes US$15b for Global Real Estate Fund

(Press Release) Brookfield has announced the closing of the Brookfield Strategic Real Estate Partners III fund. With total equity commitments of US$15 billion, BSREP III is Brookfield’s largest private fund to date. Read more


 
 
LAVCA & Industry Events
MORE INFORMATION
Responsible Investment Forum New York 2019
Hosted by UNPRI and PEI | March 5-6, 2019 | New York, NY
 
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Latin American Private Equity and ESG AwardsLAVCA-Icon
Hosted by LAVCA & PEI/PRI | March 5, 2019 | New York, NY
 
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Congreso de Capital Privado de la Alianza del Pacifico 2019
Hosted by ColCapital | March 7, 2019 | Bogotá
 
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Wharton Latin American Conference
Hosted by Wharton | March 29-30, 2019 | Philadelphia, PA
 
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LatAm Conference 2019
Hosted by Harvard Business School & MIT Sloan | April 6-7, 2019 | Boston, MA
 
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Chicago Booth Emerging Markets Summit
Hosted by Chicago Booth | April 13, 2019 | Chicago, IL
 
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PERE Investor Forum: Los Angeles
Hosted by PERE | April 17-18, 2019 | Los Angeles, CA
 
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The IFC/EMPEA Global Private Equity Conference
Hosted by the IFC & EMPEA | May 13-16, 2019 | Washington, DC
 
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LAVCA Encontro Anual BrasilLAVCA-Icon
Hosted by LAVCA | May 15, 2019 | São Paulo
 
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14° Summit de Capital Privado
Hosted by AMEXCAP | May 20-22, 2019 | Mexico City
 
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Foro Argentino de Inversiones 2019
Hosted by ARCAP | May 22, 2019 | Buenos Aires
 
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Congresso ABVCAP 2019
Hosted by ABVCAP | May 23-24, 2019 | São Paulo
 
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SuperReturn Emerging Markets
Hosted by SuperReturn | June 24-26, 2019 | Amsterdam
 
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LAVCA WeekLAVCA-Icon
Hosted by LAVCA | September 23-26, 2019 | New York, NY
 
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LAVCA | MIT Inside PE: Dealmaking in Latin AmericaLAVCA-Icon
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

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