Latin American Private Capital Update January 30, 2018
January 30, 2018
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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

Actis Acquires Chilean Solar Plant from SunPower...

Venture Capital News
Venture Capital News

Undisclosed Investors Make US$130m Investment Rappi...

Real Estate News
Real Estate News

Jaguar Growth's Hoteles City Express to Create REIT...

 
READ MORE NEWS
 
 

Deadline to Participate: Fund Manager Survey

 
Participate LAVCA Survey
 
PARTICIPATE
 

LAVCA is conducting its annual fund manager survey to gather region-level information on private capital investment activity in Latin America.

Last year, nearly 250 fund managers participated in the survey, which is a key component of LAVCA’s mission to educate investors about the growing private capital industry in the region. Results will be published in LAVCA 2018 Industry Data & Analysis, with an in-depth look at fundraising, investments, and exits in Latin America. For more information on LAVCA data, visit: lavca.org/industry-data.

If you are a fund manager active in the region, the final deadline to participate is Feb. 3. Please contact Eduardo Roman or Natalia Valencia with any questions.

 
 

LAVCA 2018 Program Calendar

 
LAVCA Program Calendar
 
VIEW CALENDAR
 

LAVCA's program calendar is continually evolving to meet the needs of members and the industry.

LAVCA member investment firm are invited to the Latin American PE ESG Awards Luncheon during the PEI-UNPRI Responsible Investment Forum on March 20, 2018 in New York. More information.

Building on the success of last year's venture activities, LAVCA will host VC in São Paulo again in 1H 2018.

SAVE THE DATE for the annual gathering of members and industry thought leaders during LAVCA Week, September 24-27, 2018, in New York City. This year’s activities include the Member & LP Reception, a Family Office Program & Dinner, the Summit & Investor Roundtable PE Program, and the Venture Investors Annual Meeting. See highlights from the 2017 event here.

LAVCA’s Latin American Private Equity Professional Development Program is scheduled for November 12-15, 2018

Additional programs can be developed in partnership with our members, including on the ground LP networking activities, Please contact Ivonne Cuello for more information.

To view the calendar, click here. (Additional programs and policy meetings to be announced. Event calendar subject to change.)

 
 

CONNECT with LAVCA

 
Connect with LAVCA
 
CONNECT
 

For real-time updates on deals, news, and events from the private capital industry in Latin America and the Caribbean, subscribe to our Youtube Channel, follow @lavca_org on Twitter or join our LinkedIn Group.

Have interesting news to share with LAVCA? Fund managers, institutional investors, and relevant players in the PE, real estate, VC, and tech startup universe in Latin America can submit fundraising, investment, and exit-related news to news@lavca.org.

 
 

Latest Industry News

 
Private Equity News
Private Equity News

Actis Acquires Chilean Solar Plant from SunPower

(Press Release) Actis has announced its acquisition of the 110-megawatt El Pelicano Solar Plant in Chile. This plant is expected to deliver 300 gigawatt hours per year of electricity to Metro de Santiago, Santiago’s underground railway system. Read more


Enfoca Acquires Shares in UCAL and Toulouse Lautrec (en español)

(El Comercio) Peruvian private equity firms Summa SAFI and Faro Capital have reportedly sold 100% of their shares in educational institutions Toulouse Lautrec and Universidad de Ciencias y Arte de América Latina (UCAL) to Enfoca for an undisclosed amount. Read more


Mesoamerica Purchases 75% of Chile’s Heladerías Savory (en español)

(LexLatin) Costa Rican private equity firm Mesoamerica has acquired 75% of Chilean ice cream producer Heladerías Savory for an undisclosed amount. Read more


MAS Equity Partners & Rocsa Colombia Acquire 100% of Inproquim (en español)

(Press Release) MAS Equity Partners, through its private equity fund MAS Equity Fund III, and Rosca Colombia have acquired 100% of Colombian chemical distributor Inproquim. Read more


Kandeo & Evolvere Acquire 28 Companies from Grupo Tropi (en español)

(LexLatin) Kandeo and Evolvere Capital have acquired 28 companies from Colombian holding group Grupo Tropi, a consumer goods distributor. Read more


Kandeo Signs Investment Agreement with Corporación San Ignacio de Loyola (en español)

(LexLatin) Colombian private equity firm Kandeo has signed an investment agreement with Peruvian educational institution Corporación San Ignacio de Loyola S.A.C. for a total of US$50m. Read more


Kandeo Invests in Colombia's FinSocial (en español)

(LexLatin) Colombian private equity firm Kandeo has invested an undisclosed amount in Finsocial, a non-banking institution focused on payroll deduction loans in Colombia. Read more


Denham Capital's Jenner Renewables Announces Financial Close on 12 Solar Projects in Chile

(Press Release) Independent power producer Jenner Renewables, a company backed by global private equity firm Denham Capital, has announced its financial close on 12 solar projects in Chile totaling 146 megawatts. Read more


Acon Invests US$7.5m in Mexico's Citla Energy (en español)

(Investing.com) ACON Investments has made a US$7.5m follow on investment in Mexican oil and gas company Citla Energy. Read more


Nexxus Has First Close on Private Equity Fund after Raising €130m

(AltAssets) Mexican private equity firm Nexxus Capital had a first close on its Nexxus Iberia Private Equity Fund I after raising €130m. Read more


Cade Approves 3G Capital’s Purchase of Inova (em português)

(Exame) Brazilian private equity firm 3G Capital has been authorized by the country’s antitrust authority CADE to acquire without restrictions Odebrecht’s subsidiary Inova, which provides non-pedagogical services to educational institutions in the municipality of Belo Horizonte. Read more


Vista Oil & Gas Purchases Controlling Stake in Petrolera Entre Lomas (en español)

(Investing.com) Vista Oil & Gas, an oil & gas Mexican company backed by private equity firm Riverstone Holdings, has acquired a 58.8% stake in Argentine oil producer Petrolera Entre Lomas. Read more


Credit Suisse México Invests MXN$375m in AN Global IT (en español)

(LexLatin) Credit Suisse México has completed, through its latest CKD vehicle, a MNX$375m (US$19.5m) investment in Mexican IT company AN Global IT. Read more


SCL Energía Activa Acquires Chile’s Árbol SpA (en español)

(LexLatin) Chile’s SCL Energía Activa's Americas Energy Fund II has agreed to acquire 100% of Árbol SpA, a Chilean company with a solar power plant project in the Casablanca district for US$4.5m. Read more


InfraRed Purchases 50% Stake in Colombian 4G Road Project

(Press Release) International investment firm InfraRed has agreed to purchase a 50% stake in the Ruta Al Mar concession, a 34-year concession for the design, construction, finance, operations, and maintenance of a toll road project in Colombia. The remaining 50% of equity is held by El Condor. Read more


Venture Capital News Venture Capital News

Undisclosed Investors Make US$130m Investment Rappi (en español)

(La Republica) Undisclosed investors made a US$130m investment in Rappi, a last-mile delivery service operating in Colombia and Mexico. Existing investors include Andreessen Horowitz, DST Global, Sequoia Capital, Redpoint eventures, Endeavor Catalyst, FJ Labs, Floodgate, ONEVC, Y Combinator, and others. Read more


Temasek Invests in Brazilian Medical Clinic Network Clínica SIM (em português)

(Brazil Journal) Temasek made an undisclosed investment in Clínica SIM, a private network of accessible medical clinics operating in Brazil’s northeast. Previous investors include monashees+ and angel investors. Read more


Chromo Invest & 42K Investimentos Invest R$15m in Brazil’s BizCapital (em português)

(STARTUPi) Chromo Invest and 42K Investimentos made a R$15m investment in BizCapital, a Brazilian fintech providing credit to SMEs. Read more


Investors Commit R$3.2m to Brazil's Supermercado Now (em português)

(STARTUPi) Brazilian family offices and existing investors made a R$3.2m investment in SupermercadoNow, a Brazilian grocery delivery startup. Read more


SP Ventures Invests R$6m in Brazilian Agtech Startup Gênica (em português)

(Globorural) SP Ventures made a R$6m investment in Gênica, a Brazilian agtech startup developing a vaccine for a common soybean fungus, acquiring a 44% stake. Read more


Rakuten & Other Investors Inject US$160m Series E into Cabify & Easy Parent Company Max Mobility

(TechCrunch) Rakuten Capital, TheVentureCity, Endeavor Catalyst, GAT Investments, Liil Ventures, WTI and others made a US$160m Series E investment in Max Mobility, the parent company of Cabify and Easy, at a reported US$1.4b valuation. Read more


Adobe Capital’s Mezzanine Fund II Makes First Investment in Mexico’s IPETH

(Press Release) Adobe Capital’s second impact investment fund, Adobe Mezzanine Fund II, has announced its first investment in Mexico’s IPETH (Instituto Profesional en Terapias y Humanidades). Read more


IFC Invests US$2.5m in Brazil’s Mandae Technologies

(IFC) Brazilian e-logistics software company Mandae Technologies just received a US$2.5m investment from the IFC. New and existing investors are expected to commit additional equity to the investment round. Read more


Valor Capital Receives US$7m Commitment from the IFC

(Press Release) Valor Capital’s Fund II received a US$7m commitment from the IFC. The fund’s target size is US$100m. Read more


Anteris Capital Invests in Mexico’s Scooter Rideshare Econduce (en español)

(El Financiero) Anteris Capital made an undisclosed debt investment in scooter rideshare Econduce. LIV Capital is an existing investor. Read more


Cemex Ventures to Disrupt Construction with US$10m in 2018 (en español)

(El Financiero) Mexican construction material producer Cemex Ventures announced its plan to invest close to US$10m in 2018 to support various startup projects. Read more


Fip Inseed Fima Invests R$7.5m in Brazil’s Zazcar (em português)

(Valor Econômico) Fip Inseed Fima, the environmental innovation fund (Fundo de Inovação do Meio Ambiente) created by BNDES and managed by Inseed Investimentos, invested R$7.5m in Zazcar, a car-sharing service operating in São Paulo. Read more


Real Estate News Real Estate News

Jaguar Growth Partners’ Hoteles City Express Announces Plans to Create Lodging REIT

(LexLatin) Mexico’s Hoteles City Express, a company backed by private equity firms Jaguar Growth Partners and WAMEX Private Equity, plans to contribute a portfolio of 42 wholly-owned hotels to a new lodging REIT named FIBRA STAY, and hold more than 50% of the vehicle. Read more


Vertex Sells Baja California Hotel to BPBI Hotels and Stingray for US$125m (en español)

(LexLatin) Mexican real estate investment firm Vertex Real Estate has completed the sale of Hotel the Cape located in Baja California to BPBI Hotels and Stingray Hotels and Resorts for US$125m. Read more


México Retail Properties Finalizes Sale of Commercial Real Estate to Fibra Uno (en español)

(Investing.com) Mexican private real estate investor México Retail Properties (MRP) has finalized the sale of 16 retail assets and two pieces of land to local REIT Fibra Uno for an undisclosed amount. Read more


Carza Launches First CKD for Residential Housing (en español)

(El Economista) Mexican real estate developer Carza has launched its first CKD on the Mexican Stock Exchange (BMV) for a total of MXN$2.47b. The firm's plans to deploy the capital in residential housing projects across several cities including Mexico City, Monterrey, and Querétaro. Read more


Brazil’s HSI Sees Good Prospects for Renting Commercial Real Estate in 2018 (em português)

(Valor Econômico) Brazilian private equity firm Hemisfério Sul Investimentos (HSI) expects 2018 to be a better year for renting rather than buying commercial properties in Brazil. Read more


Mexican Real Estate Firm Thor Urbana Announces New Hires

(Press Release) Mexican real estate development and investment firm Thor Urbana has appointed Gustavo Quesada as project director and Enrique Moran as marketing director. Other new hires include Bruno de los Reyes as development associate; Vicente Matute as investment analyst; and Ian Esturau Cedillo and Alejandra Castro as leasing analysts. Read more




 
 
LAVCA & Industry Events
 
Add to Calendar
24th Annual Columbia Business School Private Equity Conference
Hosted by Columbia Business School Private Equity Club | February 23, 2018 | New York, NY
 
Add to Calendar
Foro Latinoamericano de Inversión de Impacto (FLII) 2018
Hosted by New Ventures | February 27–March 1, 2018 | Merida, Mexico
 
Add to Calendar
2018 UCLA Latin American Business Conference
Hosted by UCLA | March 2, 2018 | Los Angeles, CA
 
Add to Calendar
2018 Annual NYU Stern VC & PE Conference
Hosted by NYU Stern | Mach 2, 2018 | New York, NY
 
Add to Calendar
Pacific Alliance Private Equity Summit Colombia 2018
Hosted by ColCapital | March 7-8, 2018 | Bogotá, Colombia
 
Add to Calendar
Women's Private Equity Summit
Hosted by Falk Marques Group | March 7–9, 2018 | Half Moon Bay, CA
 
Add to Calendar
Stanford/NVCA Venture Capital Symposium
Hosted by Stanford & NVCA | March 13–14, 2018 | Stanford, CA
 
Add to Calendar
13° Summit de Capital Privado
Hosted by AMEXCAP | March 1315, 2018 | Mexico City, MX
 
Add to Calendar
Latin American PE ESG Awards Luncheon LAVCA-Icon
Hosted by PEI-UNPRI | March 20, 2018 | New York, NY
 
Add to Calendar
2018 Responsible Investment Forum New York
Hosted by PEI-UNPRI | March 20–21, 2018 | New York, NY
 
Add to Calendar
Wharton Latin America Conference
Hosted by Wharton | March 22–24, 2018 | Philadelphia, PA
 
Add to Calendar
Finnosummit Colombia
Hosted by Finnovista | March 22, 2018 | Bogotá, Colombia
 
LAVCA Members receive a discount on select events. For information on member discounts, contact Caitlin Mitchell.
 

Latin American Venture Capital Association
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