Latin American Private Capital Update September 19, 2017
September 19, 2017
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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

Advent International's Grupo Fleury Acquires Serdil...

Venture Capital News
Venture Capital News

Elevar Equity and IGNIA Make US$7m Investment in Tienda Nube/Nuvem Shop...

Real Estate News
Real Estate News

GTIS Partners Closes US$680m Brazil Real Estate Fund...

 
READ MORE NEWS
 
 

MEMBER PROFILE: Johanna Posada, Elevar Equity

 
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LAVCA spoke with Johanna Posada, Founder & Managing Director for Elevar Equity about the opportunity for investing and exiting impact in Latin America and LP priorities when committing to an impact fund.

quotation-mark…Over the past few years, the PE/VC ecosystem has also improved significantly and as new investors come into the region, we see exit activity increasing.

Posada also discusses Elevar's interest in the financial services sector and business models that tap into financial service adjacencies with a focus on specialized lending and/or technology, including investments in Credijusto, Afluenta, and Caja Rural Los Andes.

 
 

LAVCA & ARCAP Meet with Argentina's Ministry of Production & Ministry of Finance

 
 
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Following the publication of the 2017/2018 Scorecard, LAVCA was invited by the Ministry of Production and the Ministry of Finance of Argentina to speak with key policy makers in Buenos Aires, Argentina last week.

LAVCA’s Public Policy & Global Standards Council, alongside ARCAP and other players in the ecosystem, discussed current and future policy initiatives around laws on VC fund formation, protection of intellectual property rights, capital markets development and feasibility of exits, corporate governance rights, and tax treatment.

Their reception was very positive and showed active interest in working with LAVCA and ARCAP going forward to further improve the local context for receiving and fostering private investments

For the first time since the LAVCA Scorecard was published over a decade ago, Argentina saw major improvements on a number of indicators, moving up by 11 points and three positions in the overall regional ranking. The most notable advances for private capital investors are the passage of the Entrepreneurship Law and the elimination of foreign exchange controls that in the past restricted capital flows in and out of the country.

 
 

NEXT WEEK: LAVCA Investor Meetings in New York

 
 
REGISTER
 

Registration is closing for next week's 2017 LAVCA Summit & Investor Roundtable and LAVCA Venture Investors Annual Meeting in New York.

Featured speakers include:

  • Bill Ford of General (September 26)
  • Alfredo Thorne, Former Minister of Finance, Peru (September 26)
  • Tanya Carmichael, Managing Director, Global Funds for OTPP (September 27)
  • Maria Kozloski, Global Head & CIO PE, IFC (September 27)
  • Leon Black of Apollo Global Management (September 27)
  • Paul Fribourg, Chairman & CEO of Continental Grain Company & Investment Committee Member, Arlon Latin America (September 27)
  • Alejandro Werner, Director of the Western Hemisphere Department, IMF (September 27)
  • Victor Wang, Co-Founder, ZhenFund (September 28)
  • Josh Wolfe, Founder & Managing Partner of Lux Capital (September 28)


Family Offices are attending a private program and dinner on September 25. Please contact us to see if you qualify to attend.

Qualified institutional investors are invited to an LP-only breakfast hosted by the ILPA on September 27th. RSVP.

Registration subject to approval. Space is limited.

 
 

Latest Industry News

 
Private Equity News
Private Equity News

Advent International's Grupo Fleury Acquires Serdil (em português)

(ISTOÉ DINHEIRO) Advent Internationa's Grupo Fleury has acquired Brazilian diagnostic imaging company Serdil for an undisclosed amount. Read more


IFC and IFC AMC Invest in Citla Energy (en español)

(LexLatin) IFC and IFC AMC’s China-Mexico Fund made a US$61.8m investment in Citla energy, a Mexican oil exploration business and portfolio company controlled by ACON investments. Read more


China Merchants Port to Acquire 90% of Brazil’s TCP from Advent International

(Press Release) Advent International has agreed to sell a 90% stake in TCP Participações to China Merchants Port Holdings Company (CMPort) for R$2.9b, marking CMPort’s first investment in Latin America. Read more


Neo Investimentos Acquires Brazil’s Grupo Verzani & Sandrini (en español)

(LexLatin) Neo Capital III investment fund acquired a stake in Brazilian security, maintenance, and facilities management company Verzani & Sandrini for an undisclosed amount. Read more


Cartesian Capital to Invest US$75m in Aloo Telecom (em português)

(Valor Econômico) Global private equity firm Cartesian Capital Group agreed to invest US$75m in Brazilian telecom operator Aloo Telecom. To date, Cartesian Capital has invested US$22m and owns a minority stake in the company. Read more


Venture Capital News Venture Capital News

Elevar Equity and IGNIA Make US$7m Investment in Tienda Nube/Nuvem Shop

(Press Release) Elevar Equity led a US$7m Series B in Tienda Nube (known as Nuvem Shop in Brazil), a cloud solutions e-commerce provider for entrepreneurs and SMEs in Latin America, with participation from IGNIA and existing investors KaszeK Ventures, NXTP Labs, and FJ Labs. Read more


Bamboo Capital & IFC Invest in Chile’s ComparaOnline

(TechCrunch) Bamboo Capital and the IFC made a US$14m investment in ComparaOnline, a price comparison site for insurance and financial services in Latin America. Read more


Criatec 2 Invests R$5.8m in Fintech Platform Vindi

(Press Release) Criatec2, a fund managed by Bozano Investimentos, made a R$5.8m investment in Vindi, a Brazilian subscription/recurring billing platform. Read more


Temasek Makes Series C Investment in Neoway (em português)

(MaxPress) Temasek has made an undisclosed Series C investment in big data analytics company Neoway. Read more


Mesoamerica and Polymath Ventures Form Strategic Partnership

(Press Release) Mesoamerica and company builder Polymath Ventures have formed a strategic partnership to build and scale high-impact companies across Latin America. Read more


e.Bricks’ Grupo RBS and Península Participações Acquire CluBeer.com.br (em português)

(Valor Econômico) Wine.com.br, an online wine store controlled by e.Bricks’ Grupo RBS and Península Participações, has acquired CluBeer.com.br for an undisclosed amount. Read more


Criatec Invests in SVA Tech (em português)

(Baguete) Criatec’s Fund 3 made a R$4.5m investment in SVA Tech, a Brazilian security systems and video technology supplier. Read more


Inseed Invests R$4.5m in Two Brazilian Startups (em português)

(Exame) Brazilian VC fund Inseed made a R$4.5m investment in two technology startups based in Rio de Janeiro, DeviceLab (R$2.3m) and Decision6 (R$2m). Read more


Mexico Government Commits US$4.1m in Three Local Agtech Funds

(Agfunder News) Mexico’s government has committed US$4.1m to three local agtech venture capital funds via its fund FOCIR (Fondo de Capitalización e Inversión del Sector Rural). Read more


Investors Launch US$50m Crypto Assets Fund

(Press Release) Invermaster Ventures and ARG Capital partnered with Ripio co-founder David Garcia to launch Crypto Assets Fund, a US$50m crypto-currency fund. Read more


Real Estate News Real Estate News

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


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


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


 
 
LAVCA & Industry Events
 
Add to Calendar
LAVCA Week: Summit & Investor RoundtableLAVCA-Icon
Hosted by LAVCA | September 26-27, 2017 | New York, NY
 
Add to Calendar
LAVCA Week: Venture Investors Annual MeetingLAVCA-Icon
Hosted by LAVCA | September 28, 2017 | New York, NY
 
Add to Calendar
Latin Lawyer 8th Annual Private Equity Conference
Hosted by Latin Lawyer | September 29, 2017 | New York, NY
 
Add to Calendar
ABVCAP 4th Brazilian Venture Capital Conference
Hosted by ABVCAP | October 5, 2017 | São Paulo, Brazil
 
Add to Calendar
Sustainable Investing in Emerging Markets
Hosted by FT and EMPEA | October 17, 2017 | London
 
Add to Calendar
AMEXCAP Mexico VC Day
Hosted by San Francisco, CA | October 19, 2017 | London
 
Add to Calendar
blastu
Hosted by blastu | October 17-18, 2017 | São Paulo, Brazil
 
Add to Calendar
9th Annual Women’s Alternative Investment Summit
Hosted by Falk Marques Group | November 2-3, 2017 | New York, NY
 
Add to Calendar
Expo Negocios Inmobiliarios 2017
Hosted by Inmobiliare | November 8-9, 2017 | Mexico City
 
Add to Calendar
PERE America
Hosted by PERE | November 8-9, 2017 | New York, NY
 
Add to Calendar
LAVCA Wharton Latin American Private Equity Executive ProgramLAVCA-Icon
Hosted by LAVCA | November 13-16, 2017 | Miami, FL
 
Add to Calendar
WeXchange 2017
Hosted by IDB & FOMIN | December 4-5, 2017 | Santiago, Chile
 
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

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