Deal Case

Elevar Equity | TICMAS

In June 2018, Elevar Equity invested in TICMAS, an education platform with operations in Argentina, Mexico, Colombia and Ecuador that offers schools an affordable annual subscription to customizable digital K-12 curricular modules accessible through multiple devices, including smartphones.

With Elevar’s support, TICMAS has been able to address the immediate needs of schools and gain significant traction, reinforcing its commitment to advancing education in the region. Over 130,000 K-12 students benefited from TICMAS, with 70% reporting grade improvements. Partnering with 200 underprivileged schools, the company offers its platform, support services and mentorship for educators. These developments showcase an opportunity to democratize access to high-quality educational content in underserved communities across Latin America.

SAVE THE DATE

LAVCA ESG Deal Awards: 22 May 2024

Winners of the 2024 LAVCA ESG Deal Awards will be announced during an online ceremony on 22 May 2024 at 10am ET. The ceremony will take place virtually on LAVCA’s LinkedIn page. Additional details to come.

The 2024 LAVCA ESG Deal Awards received a record number of deal case submissions across asset classes, including private equity, VC/tech, private credit and real assets.

Winners will be chosen by a panel of institutional investors and awards will be conferred in six categories:

Private Capital Deal of the Year

Social Impact

Innovation

Environmental Responsibility

Gender and Diversity

Better Tech Award

LAVCA ESG Deal Awards seek to showcase best-in-class examples of private capital activity in Latin America by recognizing deals with extraordinary ESG outcomes. Select deals also will be profiled in our regular case studies publications.

Please email Marcelo Pizzato at mpizzato@lavca.org with questions or concerns.

◼︎  Aqua Capital reached a USD450m final close for its third flagship fund to invest in middle-market agribusiness and food value chain companies in Latin America. The fund had an original target of USD400m. #PrivateEquity

◼︎  Auna, a hospital and prepaid healthcare plan management platform with operations in Mexico, Peru and Colombia, raised USD360m through an IPO on the NYSE. #PrivateEquity

◼︎  DFIs committed USD130m for Darby International Capital’s fourth fund focused on mid-sized companies to develop low-carbon and climate-resilient businesses in Latin America. #PrivateCredit

◼︎  Addi, a Colombia-based buy now, pay later platform, raised a USD36m round from GIC, Andreessen Horowitz and Union Square Ventures. ADDI also secured USD50m in debt financing from Goldman Sachs. #VC

◼︎  Patria Investimentos invested BRL120m (~USD24m) in Tria Energia, a Brazil-based energy trading platform. #PrivateEquity

◼︎  Ashmore Colombiaacquired a majority stake in Bioena, a Colombia-based producer and distributor of industrial wood pellets. #PrivateEquity

◼︎  Darby InternationalexitedArandanos Selectos, a Mexico-based blueberry producer and exporter, via a full repayment of its debt financing. #PrivateCredit

◼︎  Apex CapitalacquiredClorox Argentina, a wholly-owned subsidiary of cleaning product manufacturer The Clorox Company, with operations in Argentina, Uruguay and Paraguay. #PrivateEquity

◼︎  LatAm Logistic Properties (LLP), a real estate platform with operations in Central and South America, and TWOA, a Cayman Island-based exempted company, completed their business combination. LLP and TWOA are wholly-owned subsidiaries of Logistic Properties of the Americas following the transaction. #RealAssets

◼︎  Astella Investimentos led a ~USD7m Series A for Techome, a Brazil-based smart home startup, with participation from Endeavor Scale-Up Ventures and Endeavor Catalyst. #VC

LAVCA Week 2024

8-11 October 2024

New York, NY

LAVCA RESEARCH