Winners of the 9th Annual LAVCA ESG Deal Awards will be conferred on 25 May 2023 at 10 am ET. The ceremony will take place virtually on LAVCA’s LinkedIn page. Additional details to follow.
LAVCA Members have nominated a record number of deal cases across asset classes for the 2023 LAVCA ESG Deal Awards, including private equity, VC/tech, private credit and real assets.
The winners will be determined by a panel of institutional investors. Awards will be conferred in six categories:
Private Capital Deal of the Year
Environmental Responsibility
Social Impact
Gender/Diversity
Innovation
Inaugural Better Tech Award
As in the past, this initiative seeks to showcase best-in-class examples of private capital activity in Latin America by spotlighting deals with extraordinary ESG outcomes at the firm and company level. Select deals also will be considered for publication in a series of case studies.
Mexico Infrastructure Partners agreed to acquire assets of 8.4k MW of combined cycle gas operations from Iberdrola, a Mexico-based renewable energy company. Read more here and here. #RealAssets
XP, through its private equity fund, acquired five Brazil-based fertility clinics for BRL200m (~USD39.5m). Read more. #PE
H.I.G. Capital acquired a controlling stake in Lugar de Gente (LG), a Brazil-based software company. H.I.G. Capital first invested in LG in 2013. Read more. #PE
TMF Group acquired PartnersAdmin LLC, a US-based full-service fund administration provider. Read more.
Valor Capital Group made an undisclosed investment in Principia, a Brazilian cash flow management platform for private universities. Read more. #VC
Crescera Capital acquired a 27% stake in Grupo Salus, a Brazil-based medical mobility and equipment manufacturer. Read more. #PE
Bocel Private Equity acquired a stake in GrupoSolufi, a Mexico-based automotive leasing provider for consumers and SMEs. Read more. #PE
TC Latin America Partners sold its stake in Zetta Data Center Complex, a Colombia-based data center focused on big data and streaming services, to Mexico-based digital infrastructure provider KIO Networks. I Squared Capital acquired KIO Networks in 2021. Read morehere and here.#RealAssets
Homebrew, Parade Ventures and Kindred Ventures led a ~USD10.8m round for Z1, a Brazil-based digital bank for teenagers, with participation from Newtopia VC, Costanoa Ventures, SquareOne and The Fund, and follow-on from Clocktower Technology Ventures, MAYA Capital, YC and Gaingels. Read more. #VC
Costanoa, MAYA Capital and Latitud invested ~USD5.5m in Assis, a Brazilian invoice and backend operations management platform for freelancers. Read more. #VC
RedwoodVentures and Pegasus led a USD5m Series A for InstaLeap, a Colombia-based supply automation platform for retailers. Read more. #VC
Cometa led a USD4m round for Kala, a Colombian lending infrastructure platform, with participation from Canary, ClocktowerTechnology Ventures, Acrew Capital and 99Startups. Read more. #VC
BakeryTech, a Brazil-based data analytics platform for small bakeries, raised ~USD1.1m from DOMOInvest, CRIVO and HarvardAngels.Read more. #VC
Mexico Infrastructure Partners agreed to acquire assets of 8.4k MW of combined cycle gas operations from Iberdrola, a Mexico-based renewable energy company. Read more here and here. #RealAssets
