Latin American Private Capital Update - November 12, 2019 Latin American Private Capital Update November 12, 2019
November 12, 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 Invests in OdontoCompany...

Venture Capital News
Venture Capital News

Global Founders Leads US$30m Investment in Kovi...  

Real Estate News
Real Estate News

CPPIB & Cyrela to Invest R$1b in Brazil ... 



LAVCA Venture Investors logo

NEW Download LAVCA's 4th annual Latin American Startup Directory.

Using venture backing as an initial criteria, LAVCA identified all known startups in the region in operation that have reported US$1m+ in funding to LAVCA as of Jan. 1, 2019.

>> There were 331 qualified LatAm startups verified by the LAVCA research team.

>> This list does not include startups that have been acquired or realized an IPO. See a list of highlighted companies that have been acquired/listed, including Stone Pagamentos, Globant, Despegar, and others.

>> Brazil-based startups compose a little over half the Latin American Startup Directory, followed by Mexico, Colombia, Argentina, and Chile.

The Latin American Startup Directory is made possible with support from the Latin American Tech Growth Coalition, including Amazon Web Services, Inc., Facebook, Globant, Google, KIO Networks, Mercado Libre, Microsoft, Movile, Qualcomm Ventures, Riverwood Capital, Softbank, Visa, and Telefonica Open Innovation.



Impact Investing
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LAVCA recently spoke with Barron's PENTA for Future Returns: Impact Investing in Latin America.

Though the region’s impact investing market is still emerging, with assets under management of only about US$4.7 billion, it’s seeing rapid growth.

What you need to know if you have your sights on investing to make an impact while earning returns in Latin America:
>> Look for Co-Investment Opportunities
>> Take Advantage of the Online Population
>> Think About Unique Opportunities for Scale

In a population sharing many factors even barriers: inequality, average public health expenditure as a proportion of GDP, unplanned urbanization, among others,  there are entrepreneurs trying to reshape life in the region.  

quotation-markYou’re solving real issues and by investing in startups that are disrupting certain industries, you’re making [the disruption] faster…” - Natalia Valencia, LAVCA

READ the full article. Access LAVCA data on impact investing.


Making Connections: CHINA | LATAM TECH

LAVCA Summit
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Polymath Ventures recently interviewed LAVCA's Julie Ruvolo about Latin American venture capital insights for the Chinese tech community:拉美创投2019上半年独家数据:全球科技巨头和创投基金争夺的“下一个中国

Polymath: Chinese tech companies have become more and more interested in Latin America. What comparative advantages do you think they have over western peers? 

quotation-markOur sense is that tech investors across LatAm, as well as startup entrepreneurs, are increasingly looking to China for models of innovation and inspiration of how to build and scale their projects. Silicon Valley used to be the dominant reference. Now there are two models to look at…” 

READ THE FULL INTERVIEW 拉美创投2019上半年独家数据:全球科技巨头和创投基金争夺的“下一个中国”


Latest Industry News

Private Equity News
Private Equity News

L Catterton Invests in OdontoCompany

(Press Release) L Catterton made an investment in Brazilian dental company OdontoCompany. Financial terms of the transaction were undisclosed. Read more

Patria Exits Supplier via Sale to Totvs for R$455m (em português)

(Brazil Journal) Patria Investimentos exited Brazilian enterprise resource planning company [with B2B fintech credit functionality] Supplier through a strategic sale to software company Totvs. The total deal value of the transaction was R$455m. Read more

Anacapa Partners Invests in Agasus

(Press Release) US based private equity firm Anacapa Partners announced a growth investment in Agasus, a Brazilian provider of rental services for hardware infrastructure. Financial terms of the transaction were undisclosed. Read more

Stratus Group's BBM Logística Acquires Translovato

(Press Release) BBM Logística, a distribution and logistics portfolio company of the Brazilian private equity firm Stratus Group, finalized the acquisition of trucking company Translovato. With this strategic acquisition BBM Logística has reached annual revenues of R$1b. Read more

General Atlantic Promotes Martin Escobari to Co-President

(Press Release) General Atlantic announced senior leadership team promotions: Gabriel Caillaux, Martín Escobari, and Anton Levy to Co-Presidents. Read more

Anacapa Partners Invests in Auronix

(Press Release) US based private equity firm Anacapa Partners completed a growth investment in Auronix, a communications platform as a service provider based in Mexico. Financial terms of the transaction were undisclosed. Read more

EIG Global Energy Partners Buys Likana Concentrated Solar Power (CSP) Project from SolarReserve

(SolarPACES) EIG Global Energy Partners purchased the unfinished 450MW Likana Concentrated Solar Power project in Chile from SolarReserve. EIG will complete construction of the project and hopes to have it operational by 1H2020. Financial details of the transaction were undisclosed. Read more

DXA Invests in Brazilian Software Provider SIKUR

(WSJ) DXA Investments completed its first investment from its Excelsior II Fund by taking a minority stake in Brazilian encryption software provider SIKUR. Financial terms of the transaction were undisclosed. Read more

Venture Capital News Venture Capital News

Global Founders Capital Leads a US$30m Investment in Kovi

(Crunchbase) Global Founders Capital led a US$30m investment in Kovi, a Brazilian provider of rental cars for on-demand drivers in Latin America, with participation from Quona Capital, and follow-on from monashees, MAYA Capital, ONEVC, Y Combinator, Broadhaven Ventures, and angels Kevin Efrusy and Justin Mateen. Read more

ALLVP Leads a US$15m Series B in MUY Tech

(TechCrunch) ALLVP led a US$15m Series B in MUY Tech, a Colombian restaurant management platform founded by José Calderón (CEO) and Miguel Mc Allister, who previously founded and sold it to Delivery Hero in 2014. Read more

Mountain Nazca, Foundation Capital, and FEMSA Ventures Invest US$10m in Jüsto

(Press Release) Mountain Nazca, Foundation Capital, and FEMSA Ventures made a US$10m seed investment in Jüsto, a Mexico-based grocery delivery startup founded by Cabify alum Ricardo Weber. Read more

Indicator Capital and Gávea Angels Lead a R$5m Investment in Tevec (em português )

(Baguete) Indicator Capital and Gávea Angels led a R$5m investment in Tevec, a Brazilian retail tech startup. Read more

QED Investors Leads an Investment in Pitzi

(TechCrunch) QED Investors led an undisclosed investment in Pitzi, a Brazilian mobile phone insurance provider, with participation from Thrive Capital and Valiant Partners, at a reported valuation of US$100m. Read more

Apex Partners Leads a R$2m Investment in Luma (em português)

(Folha Vitória) Apex Partners led a R$2m investment in Brazilian edtech Luma. Read more

SP Ventures Launches Brazil Venture Debt of R$140m from BNDES and Others (em português)

(Valor Econômico) SP Ventures launched a venture debt vehicle, Brazil Venture Debt, with R$140m under management from BNDES and others. Gabriela Gonçalves is CEO of the new vehicle. Read more

Doble Impacto and Quest Capital Launch a US$10m Chilean Social Impact Fund

(Press Release) Doble Impacto, a Chilean crowdfunding platform for impact projects, and Quest Capital, a Chilean corporate finance advisory firm, partnered to launch a US$10m Chilean social impact fund. Read more

Real Estate News Real Estate News

CPPIB and Cyrela Brazil Realty Will Create a Joint Venture to Invest R$1b

(IPE Real Assets) Canada Pension Plan Investment Board (CPPIB) and Cyrela Brazil Realty will create a joint venture to invest R$1b to develop a portfolio of residential properties in the southeast region of Brazil. CPPIB will control a 80% stake in the joint venture with Cyrela controlling the remaining 20%. Read more

CDPQ’s Affiliate Ancar Ivanhoe Sells a 45% Stake in Natal Shopping (em português)

(Tribuna do Norte) CDPQ’s Brazilian affiliate Ancar Ivanhoe sold a 45% stake in Natal Shopping, a shopping mall in Natal to a real estate fund controlled by XP Investimentos. Ancar Invanhoe will retain a 55% stake in Natal Shopping. The financial terms of the transaction were undisclosed. Read more

Vinci Partners Acquires Prudenshopping for $199.7m (em português)

(N Plus) Vinci Shopping Centers Real Estate Investment Fund, administered by Vinci Partners, acquired a 100% stake in shopping mall Prudenshopping in São Paulo for R$199.7m. Read more

BR Properties to Purchase Faria Lima 4440 Building for R$310.7m (em português)

(Money Times) BR Properties agrees to purchase 50% stake of Faria Lima 4440 building in São Paulo for R$310.7m. Read more

BR Properties Acquires Properties from Hemisferio Sul Investimentos (em português)

(Money Times) BR Properties acquired two multiuse condominium properties still under development from Hemisferio Sul Investimentos. The transaction transferred a 100% stake in Corporate Tower B2 – Paineira and a 30% stake in Corporate Tower B3 – Jatobá to BR Properties. The total value of the acquisition was approximately R$766.1m. Read more

LAVCA & Industry Events
Hosted by IDB Lab | November 13-14, 2019 | Asunción, Paraguay
Hosted by Alterna and New Ventures | November 13-14, 2019 | Antigua, Guatemala
The Global Steering Group for Impact Investment Impact Summit
Hosted by GSG | November 18-20, 2019 | Buenos Aires, Argentina 
VII Innovation Summit of The Pacific Alliance
Hosted by The Pacific Alliance (Chile,Colombia,Mexico,Peru) | November 20-21, 2019 | San Francisco, California
LAVCA | MIT Inside PE: Dealmaking in Latin AmericaLAVCA-Icon
Hosted by LAVCA & MIT | November 20-23, 2019 | Miami, FL
FINNOSUMMIT Miami by LendIt Fintech
Hosted by LendIt Fintech and Finnovista | December 3-4, 2019 | Miami, FL
LAVCA Members receive a discount on select events. For information on member discounts, contact Catalina Santos.

The Association for Private Capital
Investment in Latin America
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New York, NY 10018

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