Latin American Private Capital Update - February 9, 2021 Latin American Private Capital Update February 9, 2021
February 9, 2021
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

L Catterton Exits Espaçolaser for R$811.6m via IPO...

Venture Capital News
Venture Capital News

GIC, Whale Rock, & Invesco in US$400m Series G in Nubank..

Real Asset News
Real Assets News

Sequoia Exits Pindaí via Sale to Electrobras for R$20.6m...

 
READ MORE NEWS
 
 

Investor Profile: Maria Pia Iannariello, MGM Innova Capital

 
Maria Pia MGM Innova Capital
 
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LAVCA recently spoke with Maria Pia Iannariello, Co-Founder & COO of MGM Innova Capital, about the opportunity for private capital and green infrastructure investments in Latin America.

 quotation-markThe growing energy demand and the abundance of renewable energy resources coupled with an increasing awareness of the need for investing in sustainable solutions makes Latin America an attractive destination for green investments."

Iannariello also discusses how the firm’s investment strategy has shifted as a result of the current environment, highlights attractive sectors in the region, and provides a “sneak peek” at MGM Innova Capital’s current pipeline. 

quotation-markWe have identified opportunities in sectors where high growth companies could benefit from our business model, such as telecommunications, where we see potential in energy storage solutions for remote communications towers, and in the foodtech and biotech industries, where there is a need for refrigerated storage facilities.”

READ the full interview here

 
 

🚀Call for: Edtech & Healthech Startups

 
call for submission
 
Contact
 

Following the success of LAVCA’s Inaugural Startup Survey in 2019, we are launching a second survey, with the support of IDB Lab, to track the growth of healthtech and edtech startups during COVID-19, and the impact they are having on access to healthcare and education in Latin America.

CEOs of healthtech and edtech startups can email Carlos Ramos de la Vega (cramos@lavca.org) to request an invitation to the survey.

 
 

📢 UPDATE: KASZEK’S SZEKASY APPOINTED CHAIR OF LAVCA; BLACKROCK & L CATTERTON JOIN BOARD

 
New Board Members
 
Press Release
 

LAVCA has announced that Nicolás Szekasy, Co-Founder and Managing Partner of KaszeK Ventures, was appointed to the position of Board Chair. In addition, Juan Alberto Leautaud, Managing Director and Head of BlackRock’s Latin America Infrastructure Investment Group, and Dirk Donath, Managing Partner at L Catterton, joined the LAVCA Board.

Prior to founding KaszeK Ventures, one of the largest VCs in Latin America with over US$1b capital raised, Szekasy was CFO at MercadoLibre where he led its US$333 million IPO in 2007. He sits on a number of boards globally, including several of Latin America’s tech unicorns.

quotation-markNicolás’ work in VC and tech is an outstanding example of some of the transformational opportunities we are seeing across Latin America. Combined with the additions of Juan Alberto, a leader in real assets investing, and Dirk who brings a deep track record in consumer private equity deals, the LAVCA Board is a true reflection of the evolving landscape for private capital in the region. We are excited to have these impressive investors collaborating to represent our membership and the industry"- Ivonne Cuello, CEO, LAVCA.

See the full Board and read the press release here.

 
 

Latest Industry News

 
Private Equity News
Private Equity News

L Catterton Partially Exits Espaçolaser for R$811.6m via IPO

(Press Release) L Catterton has partially exited its stake in Brazil-based hair removal company Espaçolaser via the company’s R$2.64b (approximately US$483m) IPO on the B3. L Catterton sold shares worth R$811.6m (approximately US$148.5m) and reduced its stake from 33% to 5.27%, according to regulatory filings. L Catterton made the investment in 2017. Read more


Vinci Partners Raises US$250m via Nasdaq IPO

(Nasdaq) Brazil-based Vinci Partners Investments raised US$250m in its IPO on the Nasdaq by offering 13.9m shares at US$18. The asset manager is now listed on the Nasdaq under the symbol VINP. Read more


Linzor Capital Partners Acquires Majority Stake in Colombian Healthcare Services Company Sies Salud

(Press Release) Linzor Capital Partners has acquired a majority stake in Sies Salud, a Colombia-based healthcare services company specializing in HIV treatments. Read more


Nexus Group to Acquire 20% Stake in Intralot de Peru

(Press Release) Nexus Group, via its NG Capital Partners II fund, has agreed to acquire the remaining 20% stake of lottery and sports betting company Intralot de Peru from Intralot Greece. Read more


Brazil-Focused SPAC Itiquira Raises US$200m via IPO

(Renaissance Capital) Brazil-focused SPAC Itiquira has raised US$200m via an IPO. The vehicle will search for a company in Brazil in a sector historically underserved by the government, such as technology, healthcare, pharma, education, and consumer services, among others. Read more


IDB Invest Commits US$10m to SEAF Caribbean SME Growth Fund

(Press Release) IDB Invest has committed US$10m to SEAF Caribbean SME Growth Fund. The investment will contribute to the development of the Caribbean private equity investment ecosystem. Read more


Nexxus and IGNIA Announce Alliance

(Press Release) Mexican PE Nexxus Capital announced an undisclosed commitment in Mexico-based VC IGNIA Partners. The alliance will enable Nexxus to diversify the sectors  in which it invests. Read more


Blackstone-Backed Pátria Raises US$588m in US IPO; Blackstone Partially Exits

(Reuters) Blackstone-backed Pátria Investimentos has raised US$588m in a US IPO, with Blackstone reducing its stake to 14% for US$262m. Pátria will use the proceeds to launch new funds and expand its business in Brazil and Latin America. Read more


Alloy Merchant Finance Announces New Managing Director

(Press Release) Alloy Merchant Finance has announced Alejandro Rocha Bracamontes as a Managing Director. Read more


Darby International Capital Launches as Independent Asset Management Company

(Press Releasel) Darby International has launched an independent asset management firm specializing in debt investments in Latin America. Read more


Venture Capital News Venture Capital News

GIC, Whale Rock, and Invesco Lead US$400m Series G in Nubank

(TechCrunch) GIC, Whale Rock, and Invesco led a US$400m Series G in Nubank at a US$25b valuation, with participation from Tencent, Dragoneer Investment Group, Ribbit Capital, and Sequoia Capital. Read more


Igah Ventures Reaches US$130m Final Close for Third Fund

(Press Release) Igah Ventures reached a US$130m final close for its third fund. The new fund aims to invest in a total of 17 early stage companies in Brazil, according to Igah Founding Partner Pedro Meltzer. Igah's LPs include SoftBank Group, Rodrigo Xavier (Bank of America), and Gilberto Sayao (Vinci Partners). Read more


General Atlantic Leads US$65m Series A in Mexican Grocery Delivery Platform Jüsto

(Press Release) General Atlantic led a US$65m Series A in Jüsto, a Mexican grocery delivery platform, with follow-on from Mountain Nazca and Foundation Capital. Jüsto was founded by former Cabify President Ricardo Weder. Read more


GP Investimentos and Parallax Ventures Lead R$200m Round in Mercado Bitcoin

(Press Release) GP Investimentos’ Inova Fund and Parallax Ventures led a R$200m round in Brazilian bitcoin exchange Mercado Bitcoin, with participation from Evora Fund, HS Investimentos, Banco Plural, and Gear Ventures. Read more


DILA Capital Reaches US$35m Final Close for DILA IV (en español)

(Press Release) DILA Capital reached a US$35m final close for DILA IV. IDB Lab acted as the anchor investor. The new fund aims to invest in a total of 20 companies in the next 24 months, according to Co-Founders Alejandro Diez Barroso and Eduardo Clavé. Read more


IDB Invest Provides US$30m in Debt Financing to Brazilian Fintech Creditas

(IDB Invest) IDB Invest provided US$30m in debt financing to Brazilian fintech Creditas. Read more


Five Elms Capital Invests US$25m in Colombian Customer Service Monitoring Platform Playvox

(TechCrunch) US-based VC Five Elms Capital invested US$25m in Playvox, a Colombian customer service performance monitoring platform focused on chat and email. Read more


Valor Capital Leads US$19m Series A in Brazilian Open-Source Collaboration Platform Rocket.Chat

(TechCrunch) Valor Capital led a US$19m Series A in Rocket.Chat, a Brazil-based open-source platform for team collaboration and customer service, with participation from Greycroft, monashees, NEA, e.ventures, Graphene Ventures, ONEVC, and DGF Investimentos. Read more


Brazilian Solar Energy Payments Platform Edmond Raises R$40m (em português)

(Startupi) Edmond, a Brazilian enterprise payments platform for solar energy companies, raised R$40m from undisclosed investors. Read more


Accel Leads US$12m Series A in Mexican Consumer Trading Platform Flink

(TechCrunch) Accel led a US$12m Series A in Flink, a Mexican consumer trading platform with participation from ALLVP, Clocktower, and angel investors Kevin Efrusy and Oskar Hjertonsson, and follow-on from Raptor Financial Group. Read more


Women’s World Banking Capital Partners Leads US$6.6m Convertible Debt Round in Aflore (en español)

(Forbes) Women’s World Banking Capital Partners led a US$6.6m convertible debt round in Aflore, a Colombian lending platform focused on microentrepreneurs and the underbanked, with participation from Amador Holdings, Unreasonable Capital, and follow-on from Polymath Ventures. Read more


Quona Capital and Kinea Ventures Lead US$6m Series A in Brazilian Financial Marketplace Monkey

(TechCrunch) Quona Capital and Kinea Ventures led a US$6m Series A in Monkey, a Brazilian financial marketplace enabling large companies to purchase receivables from SMEs. Read more


QED Investors Leads US$6m Round in Lending Platform Milo

(Press Release) QED Investors led a US$6m round in Milo, a Colombia- and US-based fintech platform focused on mortgage lending for international buyers of US real estate, with participation from MetaProp and 10X Capital. Read more


Igah Ventures Leads R$38m Series A in Brazilian Payroll Lending Platform Bxblue (em português)

(Exame) Igah Ventures led a R$38m Series A in Bxblue, a Brazilian payroll lending platform, with participation from Iporanga Ventures, FJ Labs, and FundersClub. Read more


Astella Investimentos Invests R$4m in Brazilian Govtech Aprova Digital (em português)

(Press Release) Astella Investimentos invested R$4m in Aprova Digital, a Brazilian govtech helping local authorities digitize their licensing processes. Read more


Redpoint eventures Leads R$3m Seed Round in Brazilian Manufacturing Platform Peerdustry (em português)

(Startupi) Redpoint eventures led a R$3m seed round in Peerdustry, a Brazilian on-demand manufacturing platform for heavy machinery, with participation from São Paulo-based angel group Silver Angels. Read more


Draper Cygnus Invests US$640k in Argentine Biotech Panarum

(Press Release) Draper Cygnus invested US$640k in Panarum, an Argentine biotech developing nano capsules to replace the use of needles with pill-based treatments. Read more


Alaya Capital Partners, Potencia Ventures, Mr. Pink, and Winnipeg Invest US$600k in Talently (en español)

(PanamericanWorld) Alaya Capital Partners, Potencia Ventures, Mr. Pink, and Winnipeg made a US$600k in Talently, a Peruvian hrtech connecting freelance software developers with international companies. Read more



Real Asset News Real Assets News

Sequoia Capital Exits Pindaí via Sale to Electrobras for R$20.6m (em português)

(Money Times) Sequoia Capital has exited wind complex Pindaí via a sale to Electrobras for R$20.6m. Read more


TPG Capital’s Matrix Renewables Acquires 154MW Solar Portfolio in Chile

(Renewables Now) TPG Capital's renewable energy platform Matrix Renewables has acquired a 154MW solar portfolio in Chile from Verano Capital for an undisclosed amount. Read more


American Towers to Acquire Telefonica’s KKR-backed Telxius Division for US$9.41b

(Reuters) US-based American Towers has agreed to acquire Telefonica’s KKR-backed Telxius division (Europe and Latin America) for US$9.41b. Read more


New Fortress Energy Acquires Stonepeak-backed Hygo and Golar LNG Partners for US$5b

(Press Release) New Fortress Energy has acquired Stonepeak-backed Hygo and Golar LNG Partners for US$5b. The investment will add 2700MW of power generation and a robust customer pipeline in Brazil’s natural gas and power markets. Read more


Mubadala Acquires Control of Rota das Bandeiras for R$2b (em português)

(Valor Econômico) Mubadala Investment Company has acquired Farallon Capital Management’s interest in Brazil-based highway concession Rota das Bandeiras for R$2b (approximately US$376m), becoming the company’s sole controller. The concession operates nearly 300 kilometers of highways in São Paulo. Read more


 
 
LAVCA & Industry Events
MORE INFORMATION
Global Private Equity Conference
Hosted by EMPEA & IFC | May 17-20, 2021 | Virtual

MORE INFORMATION
Responsible Business 2021
Hosted by Reuters | June 1-3, 2021 | Virtual
 
LAVCA Members receive a discount on select events. For information, contact Catalina Santos.
 

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

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