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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 Members now have access to 2017 LAVCA Industry Data & Analysis which summarizes fundraising, investments, and exits in Latin America for full year 2016. The 40 page report includes historical trends, sector, stage, and country breakdowns, and year-on-year comparisons.
Members can download the report for free (the US$795 charge is waived for logged in members during checkout. If you have not already, create a login here). Non-Members can purchase the report for US$795. Access sample pages.
US$8.3b was invested in Latin American PE/VC via 352 transactions, representing year-on-year increases of 29% in capital invested and 14% in number of deals.
 2016 was the most active year in terms of number of deals and the second highest in terms of amount invested since LAVCA began collecting data in 2008.
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LAVCA and EY announced the winners of the 2017 Latin American Private Equity Awards during a luncheon and panel at the PEI/PRI Responsible Investment Forum. A panel of institutional investors selected:
- 2017 Private Equity Deal: The Carlyle Group and Brazilian travel and tourism company CVC Brasil Operadora e Agência de Viagens
- 2017 Private Equity Overall ESG Deal: Aqua Capital and Geneseas, an aquaculture company based in São José do Rio Prêto, Brazil.
Honorable mentions were awarded to Bozano Investimentos/Hortigil Hortifruti (2017 Private Equity Deal); IGNIA Partners/Ver de Verdad (2017 Private Equity ESG Deal, Special Consideration Social Responsibility); Kandeo Investment Advisors/Distribuidora Rayco (2017 Private Equity ESG Deal, Special Consideration Social Responsibility).
LAVCA Member firms submitted cases in 2016, featured in the third edition of the Latin American Private Equity Deal Book & ESG Cases.
To participate in the next edition of the Deal Book and Awards, contact Natalia Valencia.
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OneSkin is a biotech startup in Silicon Valley with ambitious plans to discover anti-aging molecules. In LAVCA’s interview with Brazilian founder and CEO Carolina Reis, and Colombian CTO Andrés Ochoa, we learn:
- How they translated their academic roots in biochemistry and genomics in Brazil into startup technology.
- What they learned at IndieBio, the largest seed biotech accelerator globally.
- How they pivoted from growing skin cells to replace animal testing to a much larger opportunity to engineer skin cells that reverse aging.
Our strategy is to go for the big opportunity, and actually discover and produce anti-aging molecules
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LAVCA and the Wharton School of the University of Pennsylvania are partnering for a third year on the Latin American Private Equity Executive Program, taking place in Miami, FL on November 13-16, 2017.
Prospective attendees include Vice Presidents, Principals, and Directors from PE firms, as well as professionals from family offices, and institutional investors. Relevant industry participants seeking to transition careers are also welcome to apply.
The program features sessions led by esteemed faculty from Wharton, including: Stephen M. Sammut, Senior Fellow at the Wharton School and Mauro F. Guillen, Endowed Professor at the Wharton School. Course content is driven by case studies from practitioner faculty, including Managing Directors and Partners from:
- The Carlyle Group
- L Catterton
- Capital Group Private Markets
- Linzor Capital
- Península Participações
- OTPP
Applicants will be admitted on a rolling basis. Completed applications should be submitted as early as possible to reserve your place.
APPLY NOW or visit the website for more information.
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SAVE THE DATE for the annual gathering of members and industry thought leaders during LAVCA WEEK, September 25 - 28, 2017 in New York City.
The LAVCA Summit & Investor Roundtable (PE program) will be held at the Metropolitan Club. The LAVCA Venture Investors NY Summit will take place at Tribeca 360.
Download the LAVCA Summit HIGHLIGHTS Book to learn more about last year's program.
To view the LAVCA 2017 program calendar, click here. (Additional programs to be announced. Event calendar subject to change.)
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Private Equity News
Castlelake Acquires Stake in Pampa Energía’s Greenwind (en español)
(BAE Negocios) Argentinian investment firm, Pampa Energía, sold 50% of its stake in Buenos Aires based wind energy subsidiary, Greenwind, to U.S. investment firm Castlelake for US$11.2m. Read more
BNDES Selects Vinci as Manager of Sustainability Energy Fund (em português)
(Press Release) BNDES, the Brazilian Development Bank, via its subsidiary BNDES Participações, selected Vinci Partners to manage its R$500m sustainability fund, which aims to invest in low carbon emissions infrastructure and renewable energy. Read more
American Private Equity Acquires HIDRALMAC
(Press Release) American Private Equity, a subsidiary of AFLG Holdings, announced the acquisition of Brazilian high pressure, custom hydraulic machinery manufacturer, HIDRALMAC. Read more
Advent International’s Nyx Participações to Acquire Easynvest
(Press Release) Advent International-controlled Nyx Participações signed an agreement to acquire a significant minority equity interest in Brazilian fintech company Easynvest. Read more
Pátria Investimentos Wins Highway Auction with R$917m Bid (em português)
(Press Release) With a bid of R$917m, Pátria Investimentos was the winner of the auction of the highway lot in the Centro-Oeste Paulista. The offer marked the firm’s debut investment in highway infrastructure. Read more
Da Vinci Acquires Mexican Manufacturing Firm CATUSA (en español)
(Reforma) Da Vinci Capital acquired Mexico’s CATUSA, a metallic parts manufacturer, for an undisclosed amount. Read more
CalPers Approves Meketa as New Private Equity Advisor
(PEI) CalPers approved Meketa as its new private equity investment advisor. Read more
Actis Races to US$2.75b Hardcap for Fourth Energy Fund
(Press Release) Actis raised US$2.71b for its fourth energy fund, exceeding its US$2b target size in just over seven months. The fund will invest in Latin America, Africa, and Asia targeting stakes in electricity generation and distribution businesses. Read more
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Venture Capital News
Netshoes Plans IPO on NY Stock Exchange (em português)
(Valor Econômico) Netshoes, a Brazilian e-commerce shoe business, applied to be listed on the NY Stock Exchange with an initial public offering valued at US$100m. Read more
Canary.VC and monashees+ Invest R$2m in IDwall (em português)
(Pagamento.me) Canary.VC and monashees+ invested R$2m in IDwall, a Brazilian validation and identification services startup. Read more
e.Bricks Ventures Exits AppProva with Sale to Somos Educação (em português)
(Baguete) AppProva, an education portfolio company of e.Bricks, was acquired by Somos Educação for R$500k. Read more
Direct Talk and Seekr Announce Merger and Investment from CVentures (em português)
(Exame) Direct Talk and Seekr, now called DT+Seekr, announced a merger along with an undisclosed investment from CVentures. Read more
INICIA and NXTP Labs Invest US$4.3m in Argentina’s VU Security (en español)
(Info Technology) INICIA and NXTP Labs co-invested US$4.3m in Argentina-based cybersecurity solutions provider, VU Security. Read more
BB Seguridade Invests in BR Startups (em português)
(Baguete) BB Seguridade, a holding company owned by Banco Do Brasil, will invest in BR Startups, a fund created by Microsoft Participações and managed by MSW Capital to invest in startups in the insurtech, insurance, and services sectors. Read more
NXTP Labs Invests in Kilimo (en español)
(Press Release) NXTP Labs made an undisclosed investment in Kilimo, an Argentinian agtech startup. Read more
Cemex Launches Venture Capital Firm to Boost Construction Startups (en español)
(El Financiero) Mexico's Cemex announced the launch of Cemex Ventures, a venture capital and innovation company that will seek innovations in construction. Read more
Qatar’s Travel Capitalist Ventures Invests US$600k in Brazilian Travel Engine Voopter (em português)
(MercadoeEventos) Qatar’s Travel Capitalist Ventures invested US$600k in Voopter. Read more
Impact Fund Managers from Africa and South America Join Capria Network
(Press Release) Colombian fund manager Odiseo, Brazilian fund manager Performa Investimentos, and two African fund managers join Capria Network and receive an aggregate investment of ~US$2m. Read more
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Real Estate News
Equity International Closes First Investment in Telecom Infrastructure
(Press Release) Equity International invested US$50m in Digital Bridge’s telecommunications company Andean Tower Partners (ATP), which has operations in Colombia and Peru, alongside other investors including The Olayan Group and TC Latin American Partners. Read more
H.I.G. Enters Brazilian Real Estate Sector
(Press Release) H.I.G. private equity announced the appointment of Daniel Nader as Principal in the H.I.G. Latin America team, as part of a strategy to expand its investment activity into real estate assets in the region. Read more
Blackstone Buys Windsor Atalntica Hotel
(Press Release) Blackstone announced that funds managed by its real estate business have agreed to acquire the Windsor Atlantica Hotel on Copacabana Beach in Rio de Janeiro, Brazil. Read more
Rio Bravo Initiates Direct Investments in Real Estate (em portugues)
(Investidor Institucional) After being acquired by the Fosun Group, Rio Bravo is seeking to invest in real estate assets with higher values using Fosun’s proprietary capital. Read more
Paladin Realty Partners Sees Opportunities in Peru and Brazil (en español)
(El Economista) Positive economic outlooks for Peru and Brazil have buoyed the spirits of real estate investors including Paladin. Read more
Thor Equities Aims to Raise US$400m for Mexican Real Estate
(IPE Real Estate) Thor Equities aims to raise up to US$400m for a Mexican real estate strategy. The NY-based firm’s Thor Urbana affiliate is looking to raise capital to target retail and mixed-use schemes in Mexico. Read more
GLL Latam Miracorp Buys Miracorp Corporate Center for US$47m (en español)
(LexLatin) GLL Latam Miracorp, a subsidiary of GLL Real Estate Partners, purchased Miracorp Corporate Center from Compass Fondo de Inversión Inmobiliario I, a Peruvian real estate investment fund, for US$47m. Read more
Pactia to Invest COL$1b in Colombian Real Estate (en español)
(Portafolio) Private real estate fund Pactia will invest COL$1b in corporate and commercial projects in Colombia. Read more
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Wharton Latin America Weekend 2017
Hosted by The Wharton School |
March 24-26, 2017 |
Philadelphia, PA
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AMEXCAP Annual Summit
Hosted by AMEXCAP |
March 29-31, 2017 |
Mexico City, Mexico
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Yale Private Equity & Venture Capital Symposium
Hosted by Yale School of Management |
March 31, 2017 |
New Haven, CT
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VC in the Bay
Hosted by LAVCA |
April 3-4, 2017 |
Bay Area, CA
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VC in São Paulo
Hosted by LAVCA |
May 9, 2017 |
São Paulo, Brazil
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IFC's 19th Annual Global PE Conference in Association with EMPEA
Hosted by IFC and EMPEA |
May 16-17, 2017 |
Washington, DC
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ABVCAP Congress
Hosted by ABVCAP |
June 5-6, 2017 |
São Paulo, Brazil
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Mexico PE Day 2017
Hosted by AMEXCAP |
June 8, 2017 |
New York, NY
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SuperReturn Emerging Markets
Hosted by SuperReturn |
June 26-28, 2017 |
Amsterdam
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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 NY Summit
Hosted by LAVCA |
September 28, 2017 |
New York, NY
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LAVCA Wharton Private Equity Professional Development 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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