Latin American Private Capital Update - May 08, 2018 Latin American Private Capital Update September 4, 2018
September 4, 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

Vinci Acquires Healthcare Company Cura...

Venture Capital News
Venture Capital News

Colombia's Rappi Reaches Unicorn Status...

Real Estate News
Real Estate News

Thor Urbana Acquires Mexican Shopping Center...


Member Profile: Luis cervantes, Principal & Head of General Atlantic's Mexico Office

Luis Cervantes

LAVCA spoke with Luis Cervantes, Principal and Head of General Atlantic’s Mexico office, about the importance of family offices, both as LPs in funds and co-investors, and the private investment opportunity in Latin America.

quotation-markWe have invested over US$2.8 billion across 18 Latin American companies over the last ten years, and have completed eleven exits… Latin America has been one of our most successful regions globally over the past few years.

Cervantes also discussed GA’s investment strategy in Mexico and how digitization, new regulation, and a growing number of entrepreneurs are creating a platform for fintech in the country.

quotation-markWe are excited about the opportunity set in the Fintech sector in Mexico. We believe the economy is digitalizing at a fast-pace, regulation is catching up, and a growing number of entrepreneurs are trying to increase penetration of financial services in Mexico through disruptive offerings.

Read the full article here.


LAVCA WEEK: Real Estate Investor Meeting (Sept. 26)

Brazil Policy

For the second year LAVCA will host a dedicated Latin American Real Estate program during LAVCA Week, on the afternoon of September 26 at the Metropolitan Club in New York.

Confirmed speakers are from leading firms including:

Equity International (READ more on what EI is doing in Latin America here)
Cerberus Capital Management
GIC Real Estate
GTIS Partners
TC Latin America Partners
Avenida Capital
Hasta Capital
Tishman Speyer
Jaguar Growth Partners
Macquarie Capital
Paladin Realty Partners
SURA Asset Management

for the Real Estate program here

LAVCA Week (September 24-27, 2018) comprises a series of programs and events for private capital investors from Latin America and around the globe, such as fund managers, institutional investors, family offices, development finance institutions, sovereign wealth funds, fund of funds, corporates, and secondaries. 

In addition to the Real Estate afternoon, activities are organized around two programs: the LAVCA Summit & Investor Roundtable Private Equity Program (September 24-26) and the LAVCA Venture Investors Annual Meeting (September 27).

Contact Leah Galamba with program and registration-related questions.


scholarship: last chance to apply


This week is the deadline for scholarship applications to INSIDE PRIVATE EQUITY: Dealmaking in Latin America.

WHO IS ELIGIBLE: Students currently enrolled in an MBA program are welcome to apply. Priority will be given to students that can demonstrate relevant work experience and/or internships in the private equity sector. 

HOW TO APPLY: To be considered for the scholarship, students must complete the dedicated scholarship application form, including:

  • Current GPA and proof of matriculation
  • Personal statement
  • Resume
  • Two references (one professional and one academic)

SELECTION PROCESS: LAVCA will select winners based on a variety of criteria, including academic performance, professional experience, and a personal statement. 

Scholarship winners receive full tuition, room and board, and a certificate of completion (US$12,800 value). Airfare and transportation is not included.


Latest Industry News

Private Equity News
Private Equity News

Vinci Partners Acquires Controlling Stake in Brazilian Diagnostics Provider Cura (em português)

(Valor Econômico) Vinci Partners has acquired a 70% stake in Brazilian diagnostics provider Cura. This is the second deal from Vinci Partners’ Fund III. Read more

EMX Capital Fully Exits Cargo Transportation Company El Bisonte

(Press Release) Mexican private equity firm EMX Capital has reached an agreement to sell its entire holding in portfolio company Autotransportes El Bisonte to publicly traded Grupo Traxion. Read more

Australis Partners Invests in Colombian Retailer Reve Group

(Press Release) Australis Partners agreed to invest an undisclosed amount in the Reve Group, a Colombian retailer in the discount grocery sector and consumer food service business which operates under its flagship banners “Justo y Bueno” and “Tostao."  Read more

CADE Approves Pátria Infra FIP's Investment in Brazil's Marlim Azul Energia (em português)

(Reuters) CADE approved Pátria Infra FIP's  (managed by Pátria Infraestrutura and Shell Brasil) purchase of a stake in Marlim Azul Energia, the thermoelectric plant in Rio de Janeiro.  Read more

Brookfield Business Partners Acquires 55% of Brazilian Fleet Management Company Ouro Verde

(Press Release) Brookfield Business Partners agreed to acquire a 55% controlling stake in Ouro Verde, a Brazilian heavy equipment and light vehicle fleet management company for approximately US$170m. Read more

Arroyo Energy Investors Buys Pattern Energy Group's Chilean Operations

(Press Release) Arroyo Energy Investors invested US$70.5m in the Chilean operations of Pattern Energy Group, which consists of its 81 MW owned interest in the 115 MW Arrayán Wind project. Read more

Macquarie Acquires Solar Energy Portfolio in Mexico (en español)

(Expansión) Macquarie Infrastructure and Real Assets (MIRA) agreed to acquire 90% of a 322 MW solar power generation portfolio in northern Mexico. The remaining 10% of the portfolio will be owned by Eosol Invest Mexico Uno, SL (EOSOL), developer and operator of renewable energy with significant experience in the solar sector in Mexico. Read more

Liberty Mutual Acquires Brazilian Timber Assets from Harvard’s Endowment (en español)

(Lex Latin) Liberty Mutual Insurance, through its subsidiary Santa Marta Floresta Brasil, has agreed to acquire 18,793 hectares of teak forests in the municipality of Santa Maria das Barreiras, Pará, Brazil, from Sustainable Teak Participações, a subsidiary of Harvard Management Company. Read more

Clara Capital Acquires Argentina’s Barrier Solution (en español)

(Aperta) Clara Capital has acquired Argentinean company Barrier Solution, an aluminium supplier for pharmaceutical laboratories, for an undisclosed amount. This is the firm's second acquisition in the pharmaceutical supply sector, having bought Ladislao Berkes last year.  Read more

Venture Capital News Venture Capital News

Colombia's Rappi Reaches Unicorn Status with US$200m Investment Round Led by DST Global

(TechCrunch) Rappi reached unicorn status with a US$200m+ investment led by DST Global, with participation from existing investors including Sequoia Capital and Andreessen Horowitz. Read more

Blackstone and Hudson Structured Capital Management Lead US$60m Investment in CargoX

(Axios) The Blackstone Group and Hudson Structured Capital Management led a US$60m investment in Brazilian trucking platform CargoX. Read more

BlueYard Capital Leads US$7m Series A in Financial Services Startup AirTM

(Press Release) BlueYard Capital led a US$7m Series A investment round in financial services AirTM, a platform that provides financial services to consumers and businesses throughout Latin America. Read more

Mercado Libre's MELI Fund & Others Make US$3m Investment in Fintech Increase (en español)

(Press Release) Mercado Libre’s MELI Fund, and Agrega Partners made a US$3m investment in Argentine fintech Increase, with participation of existing investors including Arfintech and Lucens Capital. Read more

FJ Labs, Lumia, Rise & Others Make R$17m Investment in Brazilian Used Car Marketplace InstaCarro (em português)

(Baguete) FJ Labs, Lumia, Hummingbird, and Rise Capital made a R$17m investment in Brazilian used car marketplace InstaCarro. With this new funding round, InstaCarro has raised over R$100 million. Read more

Prosegur Tech Ventures Leads R$15m Investment Round in Brazilian Fintech Concil 

(Press Release) Prosegur Tech Ventures, the CVC of European security firm Grupo Prosegur, led a R$15m investment in Concil, a Brazilian fintech focused on sales management, with participation from DGF Investimentos and SP Ventures, who invested previously. Read more

Inseed Investimentos’ Criatec 3 Invests in Brazilian IT Security Platform BluePex (em português)

(Fusões & Aquisições) BNDES’ Criatec 3, managed by Inseed Investimentos, made a R$6m investment in Bluepex, a Brazilian cybersecurity solution. Read more

Carao Ventures Leads US$800k Investment in AI platform Singularities

(Press Release) Carao Ventures led a US$800k seed investment in Singularities, an enterprise AI platform for customer behavior insights. Singularities is based in California with main operations in Costa Rica. Read more

Dux Capital Invests MX$600k in Airline Ticket Reselling Marketplace Refly (en español)

(Expansión) Dux Capital invested MX$600k in Refly, a platform for reselling airline tickets. Read more

Criatec 2 Invests in Auvo and Spume (em português)

(Press Release) Criatec 2 made undisclosed investments in Spume, a big data deep learning startup, and Auvo, a field management software platform. Read more

Puerto Asís Makes Undisclosed Investment in Argentina's uSound (en español)

(Lex Latin) Puerto Asís made an undisclosed investment in Argentina's uSound, a manufacturer of solutions to improve hearing for people with limited resources. Read more

Engie Factory Makes Undisclosed Investment in Logistics Startup 99Minutos

(Forbes) Engie Factory made an undisclosed investment in 99Minutos, a last-mile logistics startup in Mexico that is backed by 500 Startups. Read more

Harvard Angels, Insper Angels and Anjos Do Brasil Make an Undisclosed Investment in Incentiv (en español)

(Lex Latin) Harvard Angels, Insper Angels, and Anjos Do Brasil made an undisclosed investment in Incentiv, a Brazilian crowdfunding platform for impact-driven projects. Read more

Real Estate News Real Estate News

Thor Urbana Acquires Mexican Shopping Center Marina Town Center (en español)

(Emol) Thor Urbana acquired the Marina Town Center mall, within the Puerto Cancun mixed-use mega-project, in Cancún, Quintana Roo. Read more

Chile Will Introduce Tax Reforms to Stimulate Real Estate Market (en español)

(Emol) The Chilean government announced it will extend the limit of property values in which a special VAT credit can be used to buy houses from 2,000 UF (US$85,543) to 4,000 UF (US$171,086). Read more

SGGC Participações Acquires SerraSul Shopping of Pouso Alegre for Undisclosed Amount (em português)

(Fusões & Aquisições) SGGC Participações acquired 100% of SerraSul Shopping of Pouso Alegre for an undisclosed amount. The project was inaugurated in 2013 and belonged to Hemisfério Sul Investimentos (HSI). Read more

Inmobilia Will Develop 12 Projects in Mexico via BMV Capital (en español)

(El Economista) Inmobilia, which recently listed a MXN6b CDK vehicle on the Mexican Stock Exchange, plans to develop between 10 to 12 residential, commercial, and mixed-use projects in the Yucatan peninsula and in the state of Quintana Roo. Read more

LAVCA & Industry Events
Add to Calendar
Hosted by Finnovista | September 12 - 13, 2018 | Mexico City, MX
Add to Calendar
Women Funding Women 
Hosted by Dell & Springboard Enterprises | September 13; 18 | Mexico City; São Paulo
Add to Calendar
Mobile World Congress Americas 
Hosted by GSMA | September 12-14, 2018 | Los Angeles, California
Add to Calendar
Hosted by Finnovista | October 4 - 5, 2018 | Miami, Florida
Add to Calendar
LATAM Investment Summit 
Hosted by i11 and Group SG | October 19, 2018 | Miami, Florida
Add to Calendar
Sustainable Investing Emerging Markets Summit 
Hosted by EMPEA | October 23, 2018 | London, UK
Add to Calendar
GIIN Investor Forum
Hosted by GIIN & PEI | October 30-31, 2018 | Paris, France
Add to Calendar
Foro Argentino de Inversiones 2018 
Hosted by ARCAP | November 1, 2018 | Buenos Aires, Argentina
Add to Calendar
Hosted by FOMIN | November 6-7, 2018 | Lima,Peru
Add to Calendar
FLII Central America and the Caribbean
Hosted by Alterna & New Ventures | November 7-8, 2018 | Antigua,Guatemala
Add to Calendar
PERE America
Hosted by PERE | November 7-8, 2018 | New York, NY
Add to Calendar
Women's Alternative Investment Summit
Hosted by Falk Marques  | November 8-9, 2018 | New York,NY
Add to Calendar
Inside Private Equity: Dealmaking in Latin AmericaLAVCA-Icon
Hosted by LAVCA & MIT | November 12-15, 2018 | Miami, Florida
Add to Calendar
5th International Investment Forum Chile 2019
Hosted by InvestChile | January 15-17, 2019 | Santiago, Chile
Add to Calendar
PERE Investor Forum: Los Angeles
Hosted by PERE | April 17-18, 2019 | Los Angeles, CA
LAVCA Week events (Sept. 24 - 27)
Add to Calendar
LAVCA Member & LP ReceptionLAVCA-Icon
Hosted by LAVCA & Advent | September 24, 2018 | New York, NY
Add to Calendar
Family Office Program & DinnerLAVCA-Icon
Hosted by LAVCA | September 24, 2018 | New York, NY
Add to Calendar
Summit & Investor RoundtableLAVCA-Icon
Hosted by LAVCA | September 24-26, 2018 | New York, NY
Add to Calendar
ILPA LP-Only BreakfastLAVCA-Icon
Hosted by LAVCA & ILPA | September 26, 2018 | New York, NY
Add to Calendar
Real Estate ProgramLAVCA-Icon
Hosted by LAVCA | September 26, 2018 | New York, NY
Add to Calendar
ILPA Institute WorkshopLAVCA-Icon
Hosted by LAVCA & ILPA | September 27, 2018 | New York, NY
Add to Calendar
Venture Investors Annual MeetingLAVCA-Icon
Hosted by LAVCA | September 27, 2018 | New York, NY
Add to Calendar
VC & Tech After PartyLAVCA-Icon
Hosted by LAVCA & Riverwood Capital | September 27, 2018 | New York, NY
LAVCA Members receive a discount on select events. For information on member discounts, contact Caitlin Mitchell.

Latin American Private Capital Association
589 8th Avenue, 18th Floor
New York, NY 10018

Contact Us
RSS Feed  Twitter  Vimeo

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cvent - Web-based Software Solutions