Latin American Private Capital Update April 24, 2018
April 24, 2018
NEWS ↓     EVENTS ↓     LAVCA ↗     VC ↗    
 
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

Bain Capital Partially Exits Brazil’s Notre Dame...

Venture Capital News
Venture Capital News

Ignia Exits Mexico's Grupo Procesa...

Real Estate News
Real Estate News

MIRA Acquires Land in Querétaro for Mixed-Use...

 
READ MORE NEWS
 
 

Save the Date: ILPA Institute at the LAVCA Summit

 
Tech Growth Coalition
 
PRE-REGISTER
 

LAVCA is partnering with ILPA for a half day ILPA Institute workshop in New York City during LAVCA Week 2018.

The LP-only training program is for Latin American pension funds, insurance companies, and other qualified institutional investors on September 27.

The ILPA Institute provides a unique environment of learning and discussing current issues with a group of peers from diverse backgrounds and locations, delivered by leading instructors and practitioners.

Registration will open in June. Professionals who register interest now will reserve their space and receive follow up information in the coming months. Contact Leah Galamba (lgalamba@lavca.org) to pre-register.

 
 

LAVCA Participates in Global Congress & LP Meetings in Australia

 
Impact Investing
 
ABOUT LAVCA
 

LAVCA joined other private capital associations at the Global Venture Capital Congress, hosted by the Australian Private Equity & Venture Capital Associated Limited (AVCAL) in Sydney earlier this month.

Participating associations included:
ABVCAP (Brazil)
AVCAL (Australia)
BVCA (UK)
CVCA (Canada)
EMPEA (Emerging Markets)
HKVCA (Hong Kong)
ILPA (Global)
IVCA (India)
JVCA (Japan)
LAVCA (Latin America)
NVCA (US)
NZVCA (New Zealand) 
SVCA (Singapore)
UVCA (Ukraine)

A special thank you to Chairman Terry McGuire with the support of Molly Wilson of Polaris Partners and Emily Mendell of ILPA for organizing and to the sponsors Proskauer, SS&C, and Silicon Valley Bank for their participation.

Following the Global Venture Capital Congress, LAVCA's President Cate Ambrose participated in a meeting with Australian LPs hosted by ILPA.

 
 

VC Investor Meetings & Workshops: Brazil, Argentina, Chile

 
LAVCA VC EVENTS
 
PROGRAM CALENDAR
 

VC in São Paulo (May 8): LAVCA will host the annual gathering of Brazilian early stage investors on May 8 at Google.

Workshop for Emerging VCs in Argentina (May 16) & Chile (May 17): This half-day program is designed for 1st- and 2nd-time fund managers, new corporate ventures, heads of accelerators, and notable angel investors. with a focus on preparing portfolio companies to receive follow-on capital, as well as a legal deep dive with Gunderson Dettmer Partner Brian Hutchings.

Participation at LAVCA's early stage investor meetings and workshops is by invitation only. Qualified investors may contact Julie Ruvolo (jruvolo@lavca.org) to request an invitation. Access LAVCA's program calendar.

 
 

Latest Industry News

 
Private Equity News
Private Equity News

Bain Capital Partially Exits Brazil’s Notre Dame Intermédica

(Reuters) Brazilian healthcare provider Notre Dame Intermédica Participações raised US$790m through an IPO on the São Paulo stock exchange. The transaction reduced Bain Capital's participation to around 70 percent. Bain Capital acquired Intermédica in 2014. Read more


Victoria Capital Partners Acquires Brazil's Import Sports (em português)

(Valor Econômico) Victoria Capital Partners acquired a controlling stake in Brazilian sports nutrition importer Import Sports for an undisclosed amount. Read more


Actis’ Atlas Energy Acquires Photovoltaic Power Project in Mexico (en español)

(LexLatin) Actis’ Atlas Renewable Energy has acquired 100% of the photovoltaic power generation project Vega Solar 6 in the Mexican state of Hidalgo. The original owner and developer was SunPower. Read more


ACON’s Citla Energy Wins Fourth Production-Sharing Contract in Mexico

(AMEXCAP) Mexican independent exploration and production company Citla Energy, which is backed by US-based private equity firm ACON Investments, won its fourth hydrocarbon exploration and production contract in Mexican shallow waters. Read more


Bamboo Capital Partners Exits Peru’s Microfinance Firm Mibanco

(Finextra) Bamboo Capital Partners has announced its exit from the Peruvian-based microfinance bank Mibanco through a divestiture to Credicorp for a total value of PEN$131.1m. Read more


IFM Investors Completes Acquisition of OHL Concesiones

(Press Release) Global institutional funds manager IFM Investors acquired 100% of Spain’s OHL Concesiones for US$2.6b. Through this transaction, IFM Investors will have indirect control of OHL México, and Concesionaria Mexiquense (Conmex). Read more


Brazil’s Kroton To Purchase Controlling Stake in Somos

(Reuters) Brazil's Kroton Educacional has agreed to purchase a controlling stake in rival Somos Educação from Tarpon Investimentos for US$1.34b. Read more


Brazil Tower Company Closes US$79m of Long-Term Debt Financing

(Press Release) Brazil Tower Company (BTC) had a US$79m first close of a US$104m long-term senior secured debt financing with three international lenders led by Cordiant Capital. BTC intends to use the proceeds to fund the construction of the company’s contracted pipeline and to refinance existing debt.  Read more


Amerra Capital Loans US$30m to Brazilian Grupo USJ (en español)

(LexLatin) Alternative asset management firm Amerra Capital has agreed to loan US$30m to the Brazilian agricultural corporation Açúcar e Álcool S.A. (Grupo USJ) with the intention of financing the exportation of sugar harvests in 2018 to 2021. Read more


Mexico Infrastructure Partners to List CERPI on Mexico’s BMV (en español)

(El Economista) Mexico Infrastructure Partners (MIP) is expected to list a Cerpi (Certificado de Proyectos de Inversión) on the Mexican Stock Exchange (BMV) to invest in energy and infrastructure projects in Mexico, Peru, Colombia, and Chile. Read more


Venture Capital News Venture Capital News

IGNIA Exits Mexican Tuna Producer Grupo Procesa

(Press Release) IGNIA sold its participation in Mexican sustainable tuna producer Grupo Procesa to the Central American Mezzanine Infrastructure Fund II LP, managed by LAP Latin American Partners. Read more


Valor Capital Raises US$56.8m Towards Second Venture Capital Fund

(CityBizList) Valor Capital raised at least US$56.8m toward a US$100m second venture capital fund, according to an SEC filing. Read more


Vostok Emerging Finance Leads US$55m Series C in Brazilian Digital Lending Platform Creditas

(Press Release) Vostok Emerging Finance led a US$55m Series C investment in Creditas, with participation from new investors Amadeus Capital Partners and Santander InnoVentures, and existing investors KaszeK Ventures, QED Investors, Quona Capital, the IFC, and Naspers Fintech. Read more


Rise Capital Leads US$15m Series B in Mexico’s GAIA Design

(Press Release) Rise Capital led a US$15m Series B investment in GAIA Design, a Mexican online-to-offline furniture brand, with participation from Variv Capital, French Partners, and other investors. Read more


Monashees+ and Vostok Emerging Finance Lead R$17m Series A in Brazil's Magnetis Investments (em português)

(STARTUPi) monashees+ and Vostok Emerging Finance led an R$17m Series A investment in Magnetis Investimentos, a Brazilian personal finance management platform. Read more


ALLVP Makes Undisclosed Investment in Healthtech Platform SocialDiabetes

(Press Release) ALLVP made an undisclosed investment in SocialDiabetes, a Barcelona-based healthtech platform for diabetes patient care. Read more


SP Ventures Invests R$3m in Brazil's JetBov (em português)

(Beefpoint.com) SP Ventures invested R$3m in JetBov, a Brazilian management platform for beef cattle breeders. Read more


NXTP Labs participated in an undisclosed investment in Pay per TIC

(Press Release) NXTP Labs participated in an undisclosed investment round in Pay per TIC, an Argentine last-mile payments platform. Read more


Fundación Chile Raises US$18m For New Sustainability Fund (en español)

(Economía y Negocios) Fundación Chile launched a US$18m fund with support from CORFO and private investors, including Zoma Capital, ENGIE Factory, ENTEL, and others. The fund will invest in Chilean startups in energy, water, mining and other sectors with a focus on sustainability. Read more


LLR Partners Leads US$31m Series C in Argentine Cypersecurity Startup Onapsis

(Press Release) LLR Partners led a US$31m Series C in Argentine cybersecurity startup Onapsis, with participation from existing institutional investors .406 Ventures, Evolution Equity Partners, and Arsenal Venture Partners. Onassis is now headquartered in Boston.  Read more


Cedro Capital Makes Undisclosed Investment in Brazil’s Getrak (em português)

(ITF 365) Cedro Capital made an undisclosed investment in Getrak, a Brazilian startup providing enterprise IoT tracking software for the automotive sector. Read more


Garan Ventures Makes Undisclosed Investment in Brazilian Edtech Startup Estuda (em português)

(Fusões & Aquisições) Garan Ventures made an undisclosed investment in Estuda.com, a Brazilian standardized test preparation platform with 1 million users. Read more


Undisclosed Angels Invest in Brazil's Benvenuto (em português)

(Terra) Undisclosed angels made an undisclosed investment in Benvenuto, a Brazilian residential real estate platform. Read more


Real Estate News Real Estate News

MIRA Acquires Land in Querétaro for Mixed-Use Project (en español)

(Obras) Investment and real estate platform MIRA has acquired land for a new mixed-use real estate project in Querétaro, Mexico. The transaction was funded through the Certificado de Proyectos de Inversión (Cerpi) MIRA listed on Mexico’s Stock Exchange (BMV) in September 2016. Read more


Brookfield to Sell Majority Stake in Raposo Shopping (em português)

(DCI) Brazil’s antitrust authority CADE has approved Brookfield’s sale of a majority stake in São-Paulo-based Raposo Shopping to Jorge’s Imóveis e Administração, Grupo Rezek, Eacas Participações, and businessman Michel Michaluá Filho. Read more


Odebrecht Reaches Preliminary Agreement to Sell São Paulo Towers to HSI

(Nasdaq) Brazilian conglomerate Odebrecht has reached a preliminary agreement to sell the construction rights for three towers in São Paulo’s Parque da Cidade to private equity firm Hemisferio Sul Investimentos SA (HSI). Read more


Greystar Opens New Regional Office in Santiago, Chile

(Press Release) Integrated multifamily real estate company Greystar has opened a new regional office in Santiago, Chile. The office will be headed by Tom Livelli, Managing Director. Read more


 
 
LAVCA & Industry Events
Add to Calendar
VC in São PauloLAVCA-Icon
Hosted by LAVCA | May 8, 2018 | São Paulo, Brazil
 
Add to Calendar
Workshop for Emerging VCs in ArgentinaLAVCA-Icon
Hosted by LAVCA | May 16, 2018 | Buenos Aires, Argentina
 
Add to Calendar
Workshop for Emerging VCs in ChileLAVCA-Icon
Hosted by LAVCA | May 17, 2018 | Santiago, Chile
 
Add to Calendar
20th Annual IFC/EMPEA Global Private Equity Conference
Hosted by IFC & EMPEA | May 15-16, 2018 | Washington, D.C.
 
Add to Calendar
2018 ABVCAP Conference
Hosted by ABVCAP | June 4-5, 2018 | São Paulo, Brazil
 
Add to Calendar
Mexico PE Day
Hosted by AMEXCAP | June 6-7, 2018 | New York, NY
 
Add to Calendar
Proptech Latin American Summit
Hosted by Marketing in Real Estate | June 7, 2018 | Santiago de Chile, 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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