Latin American Private Capital Update - March 3, 2020Latin American Private Capital Update March 3, 2020 |  | | 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. |
| ACCESS the latest edition of The Latin American Private Equity Deal Book & ESG Cases which details 12 PE investments across stages, countries, and sectors, including:
Actis (Zuma Energía); Advent International (YDUQS); Alta Growth Capital (Fruehauf de México); AshmoreAVENIDA (72 HUB); Australis Partners (The Reve Group); Axxon (BR Marinas); Colony LatAm Partners (Selina); Kandeo Asset Management (Conix); L Catterton (Espaçolaser); MAS Equity Partners (Promota Medica Las Américas); Nexxus Capital (Grupo Turistore); Vinci Partners (Mundo do Cabeleireiro).
The 6th edition of the deal book illustrates real examples of the value add of private equity in Latin America. Case studies also have an environment, social, and governance (ESG) component as this has become increasingly important for institutional investors.
Over 70 deal cases have been published by LAVCA since 2014. | | |
| LAVCA has agreed to partner with ASCRI (Asociación Española de Capital, Crecimiento e Inversión) around the ongoing promotion of private capital in Latin America via an official acuerdo de colaboración.
The objective of the partnership is to build bridges between both continents and promote bilateral investment.
Other partners include IDB LAB, AMEXCAP, ARCAP, ACVC, France Invest, ColCapital.
José Zudaire, General Manager of ASCRI: “In recent years, the countries of Latin America have undergone rapid growth in entrepreneurial activity and have launched several innovative initiatives. More and more Spanish Venture Capital & Private Equity funds are taking an interest in these countries with which we share a historical tradition, and I am confident that this agreement will be the beginning of a long collaboration from which all countries will emerge stronger."
Pictured here is LAVCA Executive Advisor Susana Garcia Robles with ASCRI's Zudaire. | | |
| VCs and Brazil's top tech players can now register for LAVCA Encontro Anual Brasil, an annual, invitation-only meeting scheduled for April 22 in São Paulo.
This year's program includes a 🔥 keynote fireside chat with Quinn Li, Global Head of Qualcomm Ventures.
Additional discussion leaders and topics to be announced.
Encontro Anual Brasil is hosted by LAVCA with the support of Qualcomm Ventures and Silicon Valley Bank, as well as Latin American Tech Growth Coalition members Google, Facebook, AWS, Microsoft, SoftBank, Visa, Wayra (a Telefonica initiative), and ABVCAP.
LAVCA members are invited to a private member-only dinner hosted by Microsoft following the meeting.
Registration subject to approval. Contact Kaela Kennedy to see if you qualify to attend. | | |
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Private Equity News
Sygnus and Sagicor launch US$100m Fund (Jamaica Observer) Sygnus and Sagicor launch US$100m fund for the Caribbean alternative investment market. The fund is the third venture dedicated to private equity, private credit, and real estate. Read more
Americold Realty Trust to Acquire 15% Stake in Patria-Backed SuperFrio for US$28m (Commercial Property Executive) Americold Realty Trust has agreed to acquire a 15% stake in SuperFrio Armazéns Gerais, a Brazilian cold storage operator owned by Patria Investimentos, for US$28m. Read more
Cicero Impact Capital and Promotora Social México Make a US$4m Debt Investment in Medica San Carmen (en español) (Press Release) Cicero Impact Capital and Promotora Social Mexico will invest up to US$4m in Medica Santa Carmen, a Mexican network of dialysis clinics. ALLVP invested previously. Read more
Advent International Completes Sale of Stake in OCENSA to I Squared Capital (em português) (Press Release) Advent International completed the sale of stake in OCENSA, a Colombian oil pipeline, to fund manager I Squared Capital through its ISQ Global Infrastructure Fund. Read more
Darby Completes Debt Investment in Mexican Blueberry Producer Bloom Farms (Press Release) Darby, the emerging market private capital arm of Franklin Templeton, has completed a debt investment in Bloom Farms, a Mexican blueberry producer located in Jalisco. Transaction details were not disclosed. Read more
Kinea Acquires Stake in Matera (em português) (Valor Econômico) Private Equity manager Kinea, the alternative asset management subsidiary of Brazil-based financial services group Itaú, acquires minority stake in Matera, a brazilian technology solutions company, for R$100m. Read more
Alta Growth Capital and Northgate Capital Acquire USK Urresko Holding (Amexcap) Alta Growth Capital and Northgate Capital acquired a majority equity interest in USK Urresko Holding, a Mexican manufacturer of heavy trucks. The amount of the transaction was undisclosed. Read more
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 Venture Capital News
XP Investimentos, BMG, Bossa Nova Investimentos, and Others Invest R$380m in Vai.Car (em português) (Startupi) XP Investimentos led a R$380m investment in Vai.Car, a Brazilian car rental platform, with participation from BTG Pactual (through its Boostlab program), BMG, and Bossa Nova Investimentos. Read more
Atlantico Leads a R$42m Investment in Trybe (em português) (Baguete) Atlantico led a R$42m investment in Trybe, a Brazilian edtech focused on the development of software skills, with participation from Canary, Global Founders Capital, and Norte, as well as follow-on from e.bricks Ventures and MAYA Capital. Read more
Redpoint and DNA Capital Invest US$4.5m in Memed (Press Release) Redpoint eventures and DNA Capital, the corporate venture arm of DASA, led a US$4.5m investment in Memed, a Brazilian digital prescription platform. Qualcomm Ventures, monashees, and Redpoint invested previously. Read more
e.Bricks Ventures Leads Investment in Conexa Saúde (em português) (NeoFeed) e.bricks Ventures made an undisclosed seed investment in Conexa Saúde, a Brazilian telemedicine platform. Read more
NXTP Labs Leads a R$6m Investment in Kangu (em português) (Press Release) NXTP Labs led a R$6m seed investment in Kangu, a Brazilian delivery logistics startup. Read more
Telor and Morcote Holdings Invest R$5.5m in Click Cash (em português) (Startupi) Telor and Morcote Holdings led a R$5.5m investment in Click Cash, a Brazilian personal credit app. Read more
ChileGlobal Ventures, Alerce, and The Yield Lab Invest US$800k in PolyNatural (Press Release) ChileGlobal Ventures led a US$800k investment in Chilean agtech PolyNatural, with participation from Alerce and The Yield Lab. PolyNatural is developing natural product alternatives to extend the shelf life of fresh fruit. Read more
Angel Ventures and Fen Ventures Invest US$600k in Get on Board (Press Release) Angel Ventures and Fen Ventures led a US$600k seed investment in Get on Board, a Chilean platform for tech jobs, with participation from 500 Startups San Francisco, 500 Startups Mexico, and angels. Read more
Adobe Capital Invests in Colombian Fintech Puntored (Contxto) Adobe Capital made an undisclosed investment in Puntored, a Colombian digital payments platform. Read more
QED Investors Closes Its Sixth Fund with US$350m (Press Release) QED Investors closed its sixth fund with US$350m in commitments. QED’s Latin America portfolio includes Nubank, QuintoAndar, Creditas, Konfio, and others. Read more
Magma Partners Closes US$50m Fund, with US$4m from IDB Lab, to Invest in Latin American Startups (Press Release) Magma Partners closed its third fund with US$50m in commitments, including US$4m from IDB Lab, to invest in Latin American startups. Read more
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 Real Asset News
KfW Invests US$31m in Genneia (en español) (Infobae) German Development Bank KfW Invested US$31m in Genneia, an Argentine renewable energy company that operates two wind power projects including Pomona II, which is already running, and Chubut Norte II, which is under construction. Read more
Monte Equity Partners Acquires Stake in Three Highway Concessionaries in Bahia and Pernambuco (em português) (Valor Econômico) Monte Equity Partners, in its first fund dedicated to infrastructure, acquired a stake in three highway concessionaries in the Northeast of Brazil. The amount of the transaction was not disclosed. Read more
Real Infrastructure Capital Partners to Finalize Construction of Sonsonate Solar (en español) (Pv Magazine) Real Infrastructure Capital Partners is set to finalize the construction of the Sonsonate Solar photovoltaic plant, a 13 MW project located in Acajutla, El Salvador, soon. Read more
Hemisfério Sul Investimentos Acquires Hilton Hotel (em português) (Valor Econômico) Real estate investment firm Hemisfério Sul Investimentos has purchased the Hilton Hotel in São Paulo from Park Intermediate Holdings. The transaction was made jointly with GIC Realty, for R$150m. Read more
Brookfield Receives Approval from CADE for Solar Energy Projects in Brazil (Reuters) Brookfield Asset Management has received approval from CADE to begin construction on solar energy projects in the Brazilian state of Ceará. The projects will have a combined capacity to produce 278 MW of electricity upon completion. Read more
Vinci Shopping Centers Raises R$480m via Brazilian Stock Exchange (em português) (Money Times) Vinci Shopping Centers Real Estate Investment fund, administered by Vinci Partners, raised R$480m via an offering on the Brazilian stock exchange. Read more
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| | Latin American Private Equity Awards
Hosted by LAVCA at the Responsible Investment Forum | March 4, 2020 | New York, NY
| | | | | PEI Responsible Investment Forum
Hosted by Private Equity International | March 4-5, 2020 | New York, NY
| | | | | EMPEA | LAVCA Private Equity Masterclass
Hosted by EMPEA and LAVCA | March 4, 2020 | Bogotá, Colombia
| | | | | Congreso de Capital Privado de la Alianza del Pacífico
Hosted by ColCapital | March 5, 2020 | Bogotá, Colombia
| | | | | Startup & Innovation in Latin America
Hosted by IDB | March 21, 2020 | Barranquilla, Colombia
| | | | | NYU Stern SPEC 15th Annual PE & VC Conference
Hosted by NYU Stern SPEC | March 6, 2020 | New York, NY
| | | | | AMEXCAP Cumbre de Capital Privado 2020
Hosted by AMEXCAP | March 30-April 1, 2020 | Mexico City, México
| | | | | 20th Annual Private Equity Venture Capital Symposium
Hosted by Yale University | April 3, 2020 | New Haven, CT
| | | | | LAVCA Encontro Anual Brasil
Hosted by LAVCA | April 22, 2020 | São Paulo, Brazil
| | | | | 22nd Annual Global Private Equity Conference
Hosted by IFC & EMPEA | May 11-14, 2020 | Washington, DC
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| LAVCA Members receive a discount on select events. For information on member discounts, contact Catalina Santos. |
The Association for Private Capital
Investment in Latin America
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New York, NY 10018
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