|
|
|
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.
|
|
|
|
LAVCA announced the election of Carlos Garcia, Managing Partner of Victoria Capital Partners who has been on the LAVCA board for three years, to the position of Board Chairman. Garcia takes over for Patrice Etlin, Managing Partner of Advent International, who served as Chairman of the Board since 2011, completing the maximum of two, three-year terms. Meet the full LAVCA board here.
Simultaneously, LAVCA membership reached a new record in 2017, with 190 member firms active within the organization, an increase of 50% from 125 in 2011. Members include qualified investors and industry professionals in the Latin American private capital community. View the full list of members here.
 …This transition comes at an important time in the evolution of LAVCA and the Latin American private capital industry. Reaching nearly 200 member firms is a significant milestone and exemplifies the efforts achieved under Patrice’s leadership for the last six years. We thank him for his dedication to the organization’s mission and are delighted to welcome Carlos, another industry expert, to the role. - Cate Ambrose, President, LAVCA
|
|
|
|
LAVCA Week saw record registration in 2017 including over 500 individuals for the LAVCA Summit & Investor Roundtable and LAVCA Venture Investors Annual Meeting in New York last week.
We would like to thank our members, the speakers, and our partners for their continued role in supporting LAVCA's annual investor meetings. Special thanks to LAVCA Week sponsors:
KPMG, Advent International, CAF, The Carlyle Group, IFC Asset Management Company, The Abraaj Group, Lexington Partners, LarrainVial, AMEXCAP, ABVCAP, ARCAP, Brown Rudnick, Stanwich Advisors, Venable, Telefonica Open Future_, Omidyar Network, Silicon Valley Bank, FOMIN, Ministerio de Production Presidencia de la Nacion Argentina, Riverwood Capital, ILPA, and more.
|
|
|
|
|
|
The 2017 LAVCA/Cambridge Limited Partners Opinion Survey on Latin American Private Equity is now available for download in English, Spanish, and Portuguese.
Findings were presented during LAVCA Week 2017 by Anouk van der Boor, Managing Director & Private Investments Portfolio Manager for Cambridge Associates, and Ksenija Jovanovic, Director at Zurich Alternative Asset Management, in New York on September 27th.
Highlighted findings include:
>> Interest in growth capital overtakes buyouts as most popular strategy for Latin American PE
>> Entry valuations no longer seen as a deterrent for prospective LPs
>> Most LPs see the risk/return equation for Latin American PE improving; Argentina sentiment on the rise
…Despite a slow down in economic growth in some markets, the survey shows that LPs are still most excited about investing in sectors offering exposure to companies that are directly addressing the region’s growing middle class. Retail and consumer remains the most attractive sector for LPs, while education, healthcare, and financial services are close behind. – Inigo Garcia Gordobil, Investment Director, Private Equity at Cambridge Associates
|
|
|
|
|
Private Equity News
Warburg Pincus' Camil Lists on Brazilian Stock Exchange (em português)
(Valor Econômico) Brazilian food manufacturer Camil, a portfolio company of Warburg Pincus, has been listed on the Brazilian stock exchange with an initial public offering of R$9 per share. Read more
Advent International Exits Fleury (em português)
(Valor Econômico) Advent International exited Brazilian medical diagnostic company Fleury for R$1.3b. Read more
Nexxus Capital Announces Grupo Traxión IPO
(Press Release) Nexxus Capital performed the initial public offering of Mexican logistics and cargo company Grupo Traxión on the Mexican Stock Exchange at MXN$17 per share. Read more
Accel-KKR Invests in Colombian Software Company Siigo
(Press Release) Technology-focused investment firm Accel-KKR made an undisclosed investment in Siigo, an accounting and administrative software provider for SMEs based in Colombia. Read more
Vinci Partners to Double Investments in Infrastructure (em português)
(Estadão) Vinci Partners aims to increase its investments in infrastructure from R$2b to R$4b, especially in the energy, oil & gas, transportation, and sanitation sectors. Read more
EFM Capital Announces New Addition to its Portfolio (en español)
(AMEXCAP) EFM Capital acquired 100% of Garyr S.A. de C.V., a Mexican company specialized in the manufacture and distribution of fire suppression equipment, as part of a package of businesses with a value of over MXN$600m designed to yield returns for its investors. Read more
Performa Participações Key Investment Fund to Acquire Stake in Tecverde Engenharia (en español)
(LexLatin) Performa Investimentos’ Brazilian Sustainable Technology Fund agreed to acquire a 19.13% stake in Global Environment Fund’s Tecverde Engenharia S.A. for an undisclosed amount. Read more
Brazil’s DXA Seeks US$75m for Second Growth Fund
(Bloomberg) Brazilian private equity investment firm DXA investments has launched its second private equity growth fund with a target of US$75m. Read more
Weston Presidio and TPG Growth Fully Exit Azul Airline (en español)
(LexLatin) US PE firms Weston Presidio and TPG Growth have fully exited Brazilian airline Azul through a global offering of preferred shares on the New York and São Paulo Stock Exchanges. Read more
New Fortress Energy Acquires Bolognesi Energia Thermal Gas Project (em português)
(ISTOÉ DINHEIRO) New Fortress Energy, a portfolio company of Fortress Investment Group, has acquired a thermal gas project owned by Bolognesi Energia in Rio Grande do Sul, Brazil, for an undisclosed amount. Read more
Automony Reduces Participation in BrasilAgro (em português)
(Valor Econômico) Private equity firm Automony reduced its stake in Brazilian agriculture company BrasilAgro from 12.32% to 9.08%. Read more
Black Creek Group Launches MXN$3.99b CKD (en español)
(El Economista) BCM CKD Management, an affiliate of the Black Creek Group, has listed a MXN$3.99b CKD vehicle on the Mexican Stock Exchange (BMV) to make direct and indirect private equity investments in Mexico. Read more
Alloy Merchant Finance Invests in Mexico’s Dysal (en español)
(AMEXCAP) Alloy Merchant Finance made a mezzanine investment of US$4m in Mexican bread and food manufacturing company Dysal S.A. Read more
|
Venture Capital News
KaszeK Ventures Leads Investment in Brazil’s Liv Up (em português)
(Valor Econômico) KaszeK Ventures led a R$5m investment in Liv Up, a Brazilian frozen food delivery company. iFood founder Patrick Sigrist and Rapiddo CEO Guilherme Bonifácio invested previously.
Read more
Latin American Investors Make Series A Investment in Colombia’s Autolab (en español)
(Portafolio) A group of American, British, Colombian, Mexican, and Peruvian investors made a US$525k Series A investment in Polymath Ventures’ Autolab, an autoshop startup based in Colombia. Read more
Areoespacial Invests R$131m in Aquarela (em português)
(Baguete) Fundo Aeroespacial, a R$131m fund launched by BNDES in 2014 to invest in aeronautics and defense, made an undisclosed investment in Aquarela, a Florianopolis-based big data startup that was incubated at MIDI Tecnológico. Read more
BR Startups Invests in Brazil Agtech Startup Tbit (em português)
(Baguete) BR Startups invested R$1m in Tbit, a Brazilian agtech imaging startup. BR Startups is managed by MSW Capital; LPs include Monsanto, Qualcomm, Algar, Microsoft Participações Brazil, and others. Read more
Soldier Field Angels Exits Now New Media
(AMEXCAP) Soldier Fields Angels I fund has exited Mexican media company Now New Media for an undisclosed amount. Read more
|
Real Estate News
VEX Capital Lists MXN$3b CKD on Mexico Stock Exchange
(Press Release) Vex Capital, a subsidiary of Mexican housing developer Quiero Casa, has listed a MXN$3b CKD on the Mexican Stock Exchange to invest in vertical housing projects in Mexico City. Read more
GTIS Partners Closes US$680m Brazil Real Estate Fund
(Press Release) Real Estate PE firm GTIS Partners closed its third Brazil-focused Real Estate Fund after raising a total of US$680m from various institutional investors. Read more
Jaguar Growth Partners Hires Elizabeth Bell as Principal
(Press Release) Real estate private equity investor Jaguar Growth Partners announced the appointment of Elizabeth Bell as Principal of the firm’s investment team. Read more
Vitacon Launches Nano-Apartments in São Paulo
(Press Release) After partnering with Hines and Ascott Group of Singapore to raise nearly US$650m earlier in 2017, Vitacon is launching the smallest smart apartments in Latin America. Read more
SíRenta Begins Construction of First Three Towers in CDMX (en español)
(Press Release) After listing a MXN$2b CKD on the Mexican Stock Exchange, SíRenta has began constructing three residential towers in Mexico City that offer various rental options for tenants. Read more
|
|
|
|
| |
|
|
ABVCAP 4th Brazilian Venture Capital Conference
Hosted by ABVCAP |
October 5, 2017 |
São Paulo, Brazil
|
| |
|
|
Sustainable Investing in Emerging Markets
Hosted by FT and EMPEA |
October 17, 2017 |
London
|
| |
|
|
AMEXCAP Mexico VC Day
Hosted by San Francisco, CA |
October 19, 2017 |
London
|
| |
|
|
blastu
Hosted by blastu |
October 17-18, 2017 |
São Paulo, Brazil
|
| |
|
|
500 Demo Day Batch 22
Hosted by 500 Startups |
October 25, 2017 |
San Francisco, CA
|
| |
|
|
9th Annual Women’s Alternative Investment Summit
Hosted by Falk Marques Group |
November 2-3, 2017 |
New York, NY
|
| |
|
|
Expo Negocios Inmobiliarios 2017
Hosted by Inmobiliare |
November 8-9, 2017 |
Mexico City
|
| |
|
|
FLII Central America and the Caribbean
Hosted by Alterna (a New Ventures initiative) |
November 8-9, 2017 |
Antigua, Guatemala
|
| |
|
|
PERE America
Hosted by PERE |
November 8-9, 2017 |
New York, NY
|
| |
|
|
LAVCA Wharton Latin American Private Equity Executive Program
Hosted by LAVCA |
November 13-16, 2017 |
Miami, FL
|
| |
|
|
WeXchange 2017
Hosted by IDB & FOMIN |
December 4-5, 2017 |
Santiago, Chile
|
| |
|
|
PreMoney SF 2017 (5th Annual Investor Conference)
Hosted by 500 Startups |
December 5, 2017 |
San Francisco, CA
|
| |
|
|
VC in São Paulo
Hosted by LAVCA |
December 5, 2017 |
São Paulo, Brazil
|
| |
| 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
|
|
|
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
|