Latin American Private Capital Update - February 18, 2020Latin American Private Capital Update February 18, 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. |
| Members and investors now have access to LAVCA's 2020 program calendar. Meetings and events include:
✔️LAVCA member GPs receive a complimentary pass to the EMPEA | LAVCA Private Equity Masterclass, in association with ColCapital on March 4 in Bogotá.
✔️LAVCA member investors (GPs and LPs) are invited to the Latin American Private Equity Awards during the PEI-UNPRI Responsible Investment Forum on March 4, 2020 in New York. More information here and below.
✔️LAVCA Encontro Anual Brasil an annual invitation-only meeting for VCs, tech players, and Brazil’s top entrepreneurs, is scheduled for April 22, 2020 in São Paulo. Details.
✔️SAVE THE DATE for LAVCA Week 2020, September 14-17 in New York.
Additional programs can be developed in partnership with our members, including LP networking activities. Please contact Ivonne Cuello and Catalina Santos for more information.
VIEW THE 2020 CALENDAR. (Additional programs to be announced. Event calendar subject to change.) | | |
| LAVCA member investment firms and qualified institutional investors can RSVP for a complimentary pass to attend the Latin American PE Awards during the PEI/PRI Responsible Investment Forum in New York on March 4, 2020:
3:20 PM LAVCA Member Check-in
4:25 PM Latin America PE Awards Presentation
4:40 PM Responsible Investment Forum Closing Keynote Interview with Ken Mehlman, Member and Global Head of Public Affairs, KKR
5:10 PM Chairman's Closing Remarks
5:15 PM Cocktail Reception & LP Networking
LAVCA has a limited number of passes and attendance is restricted to one person per firm. RSVP before March 2, 2020 to confirm your place or be added to the waitlist.
>> RSVP: kkennedy@lavca.org <<
Members interested in attending the full 2-day PEI/PRI Responsible Investment Forum receive a 15% LAVCA Member discount. Contact csantos@lavca.org for details. | | |
| Fund managers and fund of funds are invited to the EMPEA | LAVCA Private Equity Masterclass in Association with ColCapital on March 4 in Bogotá, Colombia. The training coincides with ColCapital's annual investor meeting.
Supported by Debevoise & Plimpton and Brigard & Urrutia, this Masterclass provides an opportunity for fund managers and investors to gain practical insights from EM PE practitioners with decades of experience. Highly practical program content will address fundraising for EM funds, legal considerations, and provide first hand input from limited partners on securing commitments and common pitfalls.
✔️ NEW Member Benefit in 2020: LAVCA Member GPs receive a complimentary pass to this program. Register here. | | |
| This week impact investors are gathering in Mexico for the Foro Latinoamericano de Inversión de Impacto X (FLII).
LAVCA members and network will be participating in a number of discussions. See IDB Lab Chief Investment Officer and incoming LAVCA Executive Advisor Susana Garcia Robles on topics including:
Mainstreaming Impact: Mobilizing Commercial Capital Toward Impact Investing
Well-being Beyond Doctors: Investing in a Healthy System
For more information about speakers, access the program agenda.
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Private Equity News
Darby Completes Debt Investment in Mexican Blueberry Producer Bloom Farms (Press Release) Darby, emerging market private capital arm of Franklin Templeton, has completed a debt investment in Bloom Farm, a Mexican blueberry producer located in Jalisco. Transaction details were not disclosed. 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
Fosun International to Reduce Stake in Rio Bravo and Guide Investimentos (Reuters) China’s Fosun International will reduce its stake in two financial firms in Brazil: Rio Bravo and Guide Investimentos. 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
H.I.G. Capital-Backed Eletromidia To Acquire Victoria Capital-Backed Elemidia (em português) (Valor Econômico) H.I.G. Capital-backed Eletromidia, a Brazilian advertising platform acquired Victoria Capital’s Elemidia. This transaction represented an exit for Victoria Capital. Read more
Nexxus Capital Appoints Christianne Ibañez as Head of Investor Relations (Press Release) Nexxus Capital has appointed Christianne Ibañez as head of Investor Relations. Read more
Riverwood Capital Announces New Partners (Press Release) Riverwood Capital announced the promotion of Harish Belur, Joaquim Lima, and Scott Ransenberg to Partner. Read more
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 Venture Capital News
KaszeK Ventures, ONEVC, and Valor Capital Lead Investment in Docket (em português) (Fusões & Aquisições) Docket, a Brazilian document management platform, raised R$35m over two tranches from KaszeK Ventures, ONEVC and Valor Capital, with participation from Canary and Wayra Brasil. Read more
e.bricks Ventures Invests in Brazilian Startups, Avenue and Bro. (Press Release) e.bricks Ventures made undisclosed investments in Avenue, a Brazilian investment brokerage bridging US opportunities with Latin American clients; and bro., a Brazilian digital platform for consórcio consumer financing. Read more
Redpoint eventures Invests US$4m in Kzas (Press Release) Redpoint eventures led a US$4m seed investment in Kzas, a Brazilian proptech platform matching residential sellers and buyers. Read more
Bertelsmann Investments and Source Code Capital Lead a US$10m Series A in Stori (FinSMEs) Bertelsmann Investments and Source Code Capital led a US$10m Series A in Stori, a Mexican digital bank, with follow-on from Vision Plus Capital. Read more
DOMO Leads R$6m Investment in IOUU (Contxto) DOMO Invest led a R$6m investment in IOUU, a lending marketplace for Brazilian small businesses, with participation from Indicator Capital and Devas Invest. Read more
Bridge One Investimentos Invests R$23.5m in Involves (em português) (Startupi) Involves, a Brazilian trade marketing software platform, raised R$23.5m from Bridge One Investimentos. This is the company’s first disclosed external financing. Read more
DOMO Invests R$3m in Brazilian Bloxs Investimentos (em português) (Press Release) DOMO Invest made a R$3m investment in Bloxs Investimentos, a Brazilian equity crowdfunding platform focused on real estate investments. Read more
Unbox Capital Leads US$40m Series B in Solinftec (em português) (Press Release) Unbox Capital led a USD40m Series B round in Solinftec, a Brazilian agtech. Also included in the round was USD20m agri asset-backed debt, led by Itaú BBA and Gaia Securitizations and backed by family offices and hedge funds. TPG Art made a separate undisclosed follow-on investment in the company. Read more
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 Real Asset News
Hemisferio Sul Investimentos Acquires Hilton Hotel (em português) (Valor Econômico) Real Estate investment firm Hemisfério Sul Investimentos has purchased the Hotel Hilton 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
Grupo IGS Acquires South Park Complex in Mexico (en español) (Brazil Journal) Grupo IGS acquired the South Park Complex in Mexico. The amount of the transaction was undisclosed. Read more
Patria to Acquire RE Assets in Vila Olimpia for R$27.5m (em português) (Money Times) Patria Investimentos to acquire RE assets in Brazilian property Vila Olimpia for R$27.5m. Read more
Goldman Sachs Invests R$4.5m in Melhortaxa (em português) (Brazil Journal) Real estate credit marketplace Melhortaxa raised ~R$4.5m from the private equity arm of Goldman Sachs at a reported valuation of R$100m. This is Goldman’s third investment in Melhortaxa through Holding Finizy, which controls Meilleurtaux.com in France. Read more
CPPIB and Cyrela's Joint Venture Buys Two Towers in JK Iguatemi Complex (em português) (Brazil Journal) Cyrela and CPPIB’s joint venture bought two towers in the JK Iguatemi Complex in São Paulo for R$1.05b. One of the towers is the headquarters of Amazon Brazil. Read more
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| | Foro Latinoamericano de Inversión de Impacto X
Hosted by FLII | February 18-20, 2020 | Mérida, México
| | | | | Smart Capital Summit 2020
Hosted by Smart Capital Summit | February 27-28, 2020 | Medellin, Colombia
| | | | | PEI Responsible Investment Forum
Hosted by Private Equity International | March 4-5, 2020 | New York, NY
| | | | | 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
| | | | | 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
589 8th Avenue, 18th Floor
New York, NY 10018
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