Alta Growth Capital Invests in Mexico’s Corcimex; Gramercy P rovides USD80m Credit Facility for Mexico and Brazil’s Merama

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Stay up to date with industry news, research and updates on investors from PE, VC, real estate, infrastructure and family offices in LatAm.

10 July 2024

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LAVCA Tech Brasil

Registerfor LAVCA Tech Brasil taking place on 21 August in São Paulo. This year’s curated meeting will be dedicated to networking and breakout sessions designed to foster collaboration and insights among Brazil-focused VCs and tech investors.

Speakers for this year's event include:

Fabio Coelho, President, Google Brazil Nicolas Szekasy, Chairperson of LAVCA & Managing Partner, KASZEK Carlo Dapuzzo, General Partner, monashees+ Andre Barrence, Head of Google for Startups LatAm more to be announced

Following the program, LAVCA Members are cordially invited to join us for dinner.

LAVCA Tech Brasil 2024 is made possible with support from LAVCA’s Tech Growth Members. Special thanks to Google for hosting, along with AWS, Qualcomm Ventures, MercadoLibre, Riverwood Capital and SVB for their continued support.

For any questions, please contact Marcelo Pizzato, at mpizzato@lavca.org.

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DEAL CASE

Vinci Partners | Pro Infusion

In November 2020, Vinci Partners invested in Pro Infusion, a Brazil-based outsourcing company that provides pharmaceutical compounding services to support hospital demands and healthcare operators. Through minimizing pharmaceutical waste, Pro Infusion reduces inefficiencies in the supply chain and reduces costs to clients by 15-25%, expanding the healthcare system's capacity to meet the needs of underserved populations.

With Vinci's support, Pro Infusion opened branches outside of São Paulo, which further expanded and diversified its customer base while bringing quality treatment to regions without adequate healthcare access. The company entered three new states in Brazil and expanded to new product lines, including parenteral nutrition. The number of monthly treatments grew by 90% in two years by 2022, with underserved community members representing nearly 13% of the company’s patients.

Read the full deal case

◼︎ Nubank acquired Hyperplane, a US-based AI platform that helps banks deploy deep-learning models trained in proprietary data. #VC

◼︎ Mubadala Capital acquired a Brazil-based sailing team to compete in the international sailing competition SailGP. #PE

◼︎ Alta Growth Capital invested in Mexico-based textile manufacturer Corcimex. #PE

◼︎ PatriaexitedGuarde Aqui, a Brazil-based space rental solutions company, through a strategic sale to GoodStorage, a Brazil-based self-storage company. #PE

◼︎ SIFEM invested USD15m in Ashmore Andean Fund III, a fund focusing on infrastructure and growth investments in Colombia and Peru. #RealAssets

◼︎ Fintech Collective led a BRL32m (~USD5.7m) seed round for Tivita, a Brazil-based financial management platform for healthcare professionals. #VC

◼︎ Patriaacquired 90% stake in Brazilian wind power assets from power distributors ContourGlobal and Eletrobras. #RealAssets