Latin American Private Capital Update - August 18, 2020Latin American Private Capital Update August 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. |
| Access the agenda-at-a-glance and featured speakers (topics and timing subject to change).
Fund managers, institutional investors, DFIs, family offices, and others are invited to participate in LAVCA Week, a private virtual investor meeting taking place on September 14-17, 2020.
This year’s program will be a fully-immersive experience with timely content, unique keynotes, panels, and discussions, and interactive networking opportunities.
MAIN STAGE KEYNOTES & PANELS
Main stage sessions include 12+ keynotes, fireside chats, and panel discussions across three days. Open to all participants.
Panels include:
> Steve Nelson, CEO of ILPA, John Hershey, Director of Alternative Investments of Oregon State Treasury, and Alison Nankivell, Vice President of Fund Investments of BDC in LP Fireside Chat
> Jose Sosa del Valle, Partner of Lexington Partners, Julio Florian, Regional Head of Private Equity of SURA Asset Management on Deal Case: Accessing Liquidity Through Secondaries
> Drew Guff, Managing Director & Founding Partner of Siguler Guff, Robert Milam, Head of Emerging Market Credit of Cerberus Capital Management on Special Situation Strategies in Latin America
FEATURED BREAKOUTS Themed breakouts facilitated by the most active investors and industry players. Advanced RSVP required. Participation limited to 25 people based on relevance.
Sessions include:
🔋 The Future of Energy in Latin America Michael Harrington, Partner of Actis, Neil Brown, Managing Director of KKR Global Institute and KKR Infrastructure, Eduardo Farhat, Managing Director, Infrastructure, Latin America of CDPQ
💳 How to work with Venture Debt as an Investor Andy Tsao, Head of Global Gateway, and Julia Figueiredo, Director, Latin America of SVB, Andrew Khan, CEO of Partners for Growth
🌎 Pacific Alliance: Candid Talk on Navigating the Crisis Antonia Rojas, Partner of ALLVP, Ignacio Gaitan, CEOof iNNpulsa, Isabella Muñoz, Partner of MAS Equity Partners, Gerardo Mendoza, Co-Managing Partner of Colony Latin America Partners
LAVCA members receive a discounted registration rate. REGISTER
REGISTRATION WILL CLOSE ON AUGUST 28. Access more information on lavcaweek.org, and/or contact LAVCA with any questions. | | |
| DOWNLOAD LAVCA's 2020 Latin American Startup Directory which profiles 126 startups that raised at least US$1m in verified financing in 2019, a year of record venture investment in the region, with US$4.6b deployed.
The 2020 Startup Directory includes 51 startups that raised US$1m+ prior to 2019 and that raised a follow-on round of at least US$1m (and up to US$1b) in 2019, including, notably, unicorns Gympass, Loft, Loggi, Nubank, Quinto Andar, Rappi, and Wildlife Studios, as well as an additional 75 new startups that raised at least US$1m in VC funding in 2019 alone.
LAVCA also spoke directly with the CEOs of 74 of these startups to understand how they’re navigating 2020 year to date, in business terms as well as contributing to relief efforts in their markets of operation.
ACCESS LAVCA’s 2020 Latin American Startup Directory.
The Latin American Startup Directory is made possible with support from the Latin American Tech Growth Coalition, IDB Lab, and iNNpulsa. | | |
| LAVCA welcomed 27 member firms to the association, including:
LAVCA+ CAF Asset Management Cerberus FULL MEMBERS Alpha4Ventures Barn Investimentos Bond Capital BuenTrip Hub Capria Ventures Clout Capital Colony LatAm Partners DOMO Invest Gavea Investimentos Flourish Ventures Innogen Capital Ventures Kamay Ventures Proeza Ventures Quona Capital Salkantay Partners Siemens Financial Services ASSOCIATE MEMBERS Artha Partners Centria Capital Partners Clifford Chance Cooley Covington & Burling Dechert Ulhôa Canto Advogados Vector Partners Willkie Farr & Gallagher
As a non-profit association, member support is invaluable to the organization's success. A full list of LAVCA's members is available here. For more information on becoming a member, contact Paulina Portilla and visit LAVCA's website. | | |
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Private Equity News
Advent to Exit Brazilian Home Improvement Retailer Quero-Quero via IPO for up to R$1.9b (Reuters) Advent International has agreed to sell its 88% stake in Brazil-based home improvement retailer Lojas Quero-Quero via the company’s IPO for up to R$1.9b. Advent originally invested R$300m in the company in 2008. Read more
General Atlantic Exits Brazilian Veterinary Products Company Ouro Fino Saúde Animal via Sale to Opportunity HDF (em português) (Valor Econômico) General Atlantic has agreed to sell its 17% stake in Brazil-based veterinary products company Ouro Fino Saúde Animal to Opportunity HDF for an undisclosed amount. Read more
Aqua Capital Invests Undisclosed Amount in Brazilian Foodtech Puravida (Press Release) Aqua Capital has invested an undisclosed amount in Brazil-based foodtech Puravida. Read more
Valor, GP Investments, and Shareholders Invest R$67.7m in Brazilian Receivables Company CERC (em português) (Valor Econômico) Valor Capital, GP Investments, and current shareholders have invested R$67.7m in Brazil-based receivables company Central de Recebiveis (CERC). Read more
XP Acquires Brazilian Botox Clinic Network Botoclinic for R$100m (em português) (Brazil Journal) XP Private Equity has acquired Brazil-based botox clinic network Botoclinic for R$100m through FIP XP Private Equity. Read more
Discovery Americas Invests US$5.7m in Mexican Cargo Service Solutions Company Autotransportes Mas de Carga (Global Legal Chronicle) Discovery Americas has invested US$5.7m in Mexico-based cargo service solutions company Autotransportes Mas de Carga. Read more
Avanti Exits Muxi Tecnologia Via Sale to Conductor Tecnologia (Global Legal Chronicle) Fundo de Investimento em Participações Avanti Multiestratégia exited Muxi Tecnologia via a sale to Conductor Tecnologia for an undisclosed amount. Read more
Scale Capital Agrees to Acquire DirecTV in Venezuela (Reuters) Scale Capital has reached an agreement to acquire Venezuela’s government-backed DirecTV. This will restart and reactivate services with DirecTV's installed infrastructure to more than two million subscribers in the country. Read more
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Venture Capital News
Vulcan Capital Leads US$120m Series B in Brazilian Mobile Game Startup Wildlife Studios (Crunchbase) Vulcan Capital led a US$120m Series B round in Brazilian mobile game startup Wildlife Studios, with participation from Human Capital. Read more
DOMO Invest Leads a R$7.5m Round in HRtech Allya (em português) (Exame) DOMO Invest led a R$7.5m round in Allya, a Brazilian employee benefits management platform for negotiating discounts and partnerships with service providers. Read more
Capital Indigo Leads R$20m Round in Brazilian Recruitment Platform Beejobs (Contxto) Capital Indigo led a R$20m seed round in Beejobs, a Brazilian recruitment platform developing an applicant tracking system for SMEs. Read more
Canary and Valor Capital Lead ~US$2.5m Round in Employee Benefits Management Platform Caju (Contxto) Canary and Valor Capital led a ~US$2.5m round in Caju, a Brazilian employee benefits management platform, with participation from Ariel Lambrecht, founder of Yellow and 99. Read more
DOMO Invest Makes R$5m Investment in IT Maintenance and Support Platform FindUP (em português) (Startupi) DOMO Invest made a R$5m investment in FindUP, a Brazilian IT maintenance and support marketplace for company offices and retail spaces. Read more
MAYA Capital and FJ Labs Lead US$1.5m Round in Construction Marketplace Oico (em português) (Fusões & Aquisições) MAYA Capital and FJ Labs led a US$1.5m round in Oico, a Brazilian marketplace for construction materials. Read more
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Real Assets News
Ainda and Aldesa Invest MX$951m in Concesionaria de Autopistas del Sureste (en español) (El CEO) Mexico-focused energy and infrastructure fund Ainda and Mexico- and Spain-based construction group Aldesa have invested MX$951m in Concesionaria de Autopistas del Sureste (CAS) for 51% and 49% stakes, respectively. Read more
Brookfield Acquires Solar Energy Complex in Minas Gerais for ~R$3b (Global Legal Chronicle) Brookfield Energia Renovável completed a ~R$3b acquisition of solar energy complex in Minas Gerais, totaling 1,200 MW of installed power. Transaction is subject to Brazil’s government approval. Read more
Darby and Servtec Acquire Parque Eólico Dunas do Paracuru (em português) (Yahoo Finanças) Darby, the emerging market private capital arm of Franklin Templeton, and Servtec, a Brazilian energy company, closed the acquisition of Parque Eolico Dunas do Paracuru. Details of the transaction were not disclosed. In 2017, the two companies launched a joint venture to invest in Brazil’s renewable energy sector. Read more
Brookfield Receives Additional US$32.3m for Exit of EBSA to Northland (Latin Finance) Brookfield Asset Management received an additional US$32.3m for the sale of shares of electricity distribution company Empresa de Energía de Boyacá (EBSA) to Canada’s Northland Power. In 2019, Northland acquired a 99.2% interest in EBSA from Brookfield and BCIF Holdings Colombia II. 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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