Latin American Private Capital Update - November 10, 2020Latin American Private Capital Update November 10, 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. |
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📢 Building on the last six editions of the Latin America Private Equity Deal Book and ESG Cases, LAVCA is seeking nominations for the upcoming monthly publication of individual investment cases in an effort to feature timely examples of value creation at the portfolio company level.
NEW IN 2020: LAVCA is looking to highlight how firms are supporting portfolio companies and surrounding communities during the global pandemic as a way to showcase the importance of the private sector for a long-term recovery.
Open exclusively to LAVCA member firms, deal cases will also be considered for the 🏆 Latin American Private Equity Awards.
Congratulations again to the 2019 winners Alta Growth Capital, Lafise Investment Management, Actis, and Axxon Group.
Complete the online submission form. A PDF submission form can be sent to fund managers upon request.
LPs and service providers can also nominate deals using this SHORT FORM.
THE DEADLINE TO SUBMIT A DEAL IS DECEMBER 31, 2020.
ACCESS past case studies here. Questions can be directed to Catalina Santos. | | |
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Last month, LAVCA and key industry partners collaborated on programs for investors active or interested in the region.
LAVCA | PECAP Inside Venture Capital
34 participants joined LAVCA and PECAP last month for a training program designed for first-and second-time fund managers and early stage investors in Latin America.
Attendees participated in active discussions with peers and industry leaders about fundraising, sourcing and securing LP commitments, and had an opportunity to pitch their fund to a panel of LPs. Facilitators included Nicolas Szekasy, Co-Founder, KaszeK Ventures; Fernando Lelo de Larrea, Partner, ALLVP; Rodrigo Baer, Partner, Redpoint eVentures; Cristobal Perdomo, Partner, Jaguar Ventures; Javier Diaz-Fajardo, CEO, Bancoldex; Susana Garcia-Robles, Executive Advisor, LAVCA, Venture Partner, Capria Ventures; Francisco Valdés, Olivo Capital; and Dan Green, Partner, Gunderson Dettmer.
Tech Tsunami in Numbers: The 2020 LatAm Digital Transformation Report
More than 300 participants joined LAVCA, in collaboration with Latin American Tech Growth Coalition member Silicon Valley Bank, and Atlantico, for a discussion on the technology transformation that has taken over Latin America in recent years.
Panelists included Julio Vasconcellos, Managing Partner of Atlantico, (a new fund from Brazilian VC Canary); Julia Figueiredo, Director for LatAm at SVB; and Julie Ruvolo, Managing Director of Venture Capital at EMPEA and LAVCA.
Listen to the full recording here.
For more information about upcoming VC programs, contact LAVCA Manager of VC, Carlos Ramos de la Vega at cramos@lavca.org . | | |
| READ the latest deal case featuring member investor Oria Capital's investment in Brazilian software/CPaaS company Zenvia.
The case study includes the transaction details, sector and consolidation opportunities, deal execution, and ESG considerations, as well as COVID-19 efforts from the last several months.
“Oria assisted in the creation of a dedicated M&A team, resulting in the acquisition of four companies over a two-year period. In July 2020, Zenvia announced the acquisition of Sirena, a WhatsApp communication solutions platform based in Argentina and with presence in Mexico and the US. WhatsApp’s penetration in the region stood at 64% in 2018, so the acquisition of Sirena is set to further strengthen Zenvia’s product portfolio and international reach. In Mexico alone, 77 million people—more than half of the country’s 126 million people—are active monthly users of WhatsApp.”
DOWNLOAD the full deal case here. | | |
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The current crisis has sparked increased interest in secondaries as a solution for liquidity.
LAVCA member GPs have complimentary access to attend Learning from Practitioners: GP-Led Secondaries, a practical training program scheduled for November 19 at 8:30am ET that will take an in-depth look at these complex transactions, current and anticipated trends, and key considerations for GPs. Dedicated time will allow for interactive participation and questions from attendees.
Part I: EM Secondaries Market Overview
This module will be devoted to an in-depth conversation with representatives from Lexington Partners and Evercore on what practitioners are seeing in the market, including the drivers of demand.
Part II: Understanding GP-Led Secondary Transactions in Practice
In this module, representatives from Debevoise & Plimpton will address the conditions and processes around how secondaries work in practice, including key terms, structures, and players as well as the pros and cons of these deals.
REGISTER: LAVCA GP members receive complimentary registration. Register here and select "Other" under registration type. Contact kennedyk@empea.net with any questions. | | |
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Private Equity News
Nexxus Makes Undisclosed Mezzanine Investment in TIP de Mexico (en español) (LexLatin) Nexxus Capital made an undisclosed mezzanine investment in TIP de México, a Mexico-based company specialized in leasing transportation equipment. Read more
XP Private Equity Acquires Brazil’s HOPE Eye Hospital (em português) (Valor Econômico) The private equity fund created by XP to consolidate the ophthalmology market in Brazil announced the acquisition of Hospital de Olhos de Pernambuco (HOPE). The acquisition was carried out by XP portfolio company Centro Brasileiro da Visão for an undisclosed amount. Read more
Viking Global Investors and Advent Subsidiary Sunley House Capital Invest US$150m in Conductor (em português) (Press Release) Viking Global Investors led a US$150m round for Conductor, a Brazilian payment processing platform and banking as a service company, with additional participation from Sunley House Capital Management, an affiliate of Advent International. Read more
Jive Reaches R$2.2b First Close for Third Brazil Distressed Fund (em português) (Press Release) Jive Gestão de Recursos reached a R$2.2b first close for its third fund, CSHG JIVE Distressed III FIC-FIM CP, which focuses on distressed assets in Brazil. Read more
PC Capital’s Te Creemos Acquires Finsol (Press Release) PC Capital portfolio company Te Creemos Holdings acquired the loan portfolio and some operating assets of Financiera Finsol, the subsidiary of Financiera Independencia, a company focused on microfinance banking in Mexico. Read more
EB Capital Acquires Stake in Mob Telecom (Telecom News) Brazil-based EB Capital has acquired a controlling stake in Mob Telecom, a regional B2B operator. Financial terms of the transaction were not disclosed. Read more
Aqua Capital Exits Fertiláqua for US$120m via Sale to Israel-Based ICL (Press Release) Aqua Capital exited Fertiláqua, a Brazilian plant nutrition firm, via a sale to ICL, an Israel-based specialty minerals and chemicals company for US$120m. Read more
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 Venture Capital News
IDB Invest Leads US$15m Round in Mexican On-Demand Furniture Platform GAIA (Press Release) IDB Invest led a US$15m round in GAIA, a Mexican digital on-demand furniture and interior design platform. Read more
Vine Capital Leads US$4m in Colombian Construction Materials Platform Tül (TechCrunch) Vine Capital led a US$4m round in Tül, a Colombian supply chain management platform connecting construction material manufacturers with small businesses across the country. Read more
KaszeK Ventures and Peninsula Lead R$17m Round in Brazilian Primary Care Platform Cuidas (em português) (Brazil Journal) KaszeK Ventures and Peninsula, the family office of Abilio Diniz, led a R$17m round in Cuidas, a Brazilian enterprise primary care platform for employees, with participation from 3G Capital founder Jorge Lehmann. Read more
SP Ventures Invests R$14m in Brazilian Agtech Lending Platform Traive (em português) (Valor Econômico) SP Ventures invested R$14m in Traive, a Brazilian lending platform for agricultural producers, with participation from Bread & Butter Ventures and Techstars. Read more
Astella Investimentos Leads US$1.4m Round in Brazilian HRtech BossaBox (em português) (Startupi) Astella Investimentos led a US$1.4m round in BossaBox, a Brazilian on-demand platform connecting SMEs with remote teams of product managers and software developers, with participation from Redpoint eventures and MIT Angels. Read more
Astella Investimentos Invests R$8m in Brazilian Public Finance Platform Gove (em português) (Exame) Astella Investimentos invested R$8m in Gove, a Brazilian public finance management platform for local municipalities. Read more
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 Real Assets News
Cleantech Ventures Launches Candelaria Solar Park in Chile (Yahoo Finance) Cleantech Ventures, an Israeli venture capital fund, with the support of Chilean state development agency CORFO and Greenvestment’s administration, opened a 3-MW Candelaria solar photovoltaic park in Chile. Read more
The Carlyle Group to Acquire Occidental’s Onshore Assets in Colombia for US$825m (Press Release) The Carlyle Group has agreed to acquire Occidental’s onshore assets in Colombia for US$825m. The transaction is expected to close in Q4 2020. Read more
GIP Provides US$325m in Financing to Mexican Power Producer Saavi Energia (Press Release) Global Infrastructure Partners has provided a US$325m secured term loan to Mexico-based power producer Saavi Energia through its GIP Spectrum Fund. Read more
brMalls, Cyrella Commercial Properties, and MultiPlan Invest R$30m in Delivery Center (em português) (Reuters) Brazilian shopping center manager brMalls, Cyrella Commercial Properties, and Multiplan invested R$30m in Delivery Center, a Brazilian platform connecting digital vendor marketplaces with brick-and-mortar retail stores. Read more
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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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