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LAVCA Eighth Annual ESG Deal Awards
LAVCA is pleased to announce the winners of the Eighth Annual ESG Deal Awards, showcasing outstanding private capital investments in Latin America, specifically targeting environmental, social and gender diversity initiatives.
Congratulations to the following winners: 2022 Social Responsibility Award: Valor Capital Group for their investment in Dolado. 2022 Gender & Diversity Award: Advent International for their investment in CI&T. 2022 Environmental Responsibility Award: Aqua Capital for their investment in Biotrop. 2022 Environmental Responsibility Honorable Mention: Dalus Capital for their investment in Algramo. Winners were selected from among deals submitted by LAVCA member firms through a rigorous evaluation process by a distinguished panel of institutional investors comprised of development finance institutions, pension funds and funds of funds.
2022 Industry Data and Analysis Digitalization was the dominant theme across Latin America’s private capital landscape in 2021, with technology companies driving interest across asset classes and pushing private capital investment to a new record of USD29.4b. VC investment reached a record of USD15.7b, more than what the region’s startups attracted in the 10 years prior and over half of total private capital dollars invested in 2021. Private capital funds are financing the region’s bet on greater connectivity and competitiveness through digital and transportation infrastructure. The region’s major markets each reached new investment milestones despite socioeconomic and political headwinds. A return to growth in Latin America’s major economies, coupled with low interest rates during the first half of the year, fueled M&A activity and public listings for private capital-backed companies. LAVCA Members can log in to download the 2022 Industry Data and Analysis PDF report with key market insights through December 31, 2021. Members also have access to an accompanying Excel Data Pack with over 40 exhibits, publicly disclosed investments, funds and exits. Don’t see what you are looking for? LAVCA Members can make custom data requests by emailing research@lavca.org.
Look out for quarterly data releases from the LAVCA Research team in 2022.
Driving Diversity: Practical Lessons on Recruiting, Retaining and Promoting Women in Private Capital March 23, 2022 | 9:00-11:30 am ET Driving Diversity: Practical Lessons on Recruiting, Retaining and Promoting Women in Private Capital, the next module in the Inside Private Capital executive education series, taking place on March 23rd from 9:00-11:30am ET.
The training is designed for: Men and women in firm leadership Firm-level DEI Committee members HR team members Anyone responsible for, or interested in learning about, driving diversity at the firm/fund/portfolio company level Session 1: Laying the Groundwork for Organizational Evolution Outline how to generate and harness momentum, internal assets and resources to create an actionable strategy around increasing women’s participation Provide insight into how firms create the internal infrastructure needed to support broader inclusion of women throughout the organization Create a forum through which participants can pose questions, interact, network and obtain relevant resources Session 2: Practical Approaches to Attracting and Retaining Talent Outline how firms can change their hiring approach and promotional policies to improve their culture and diversity Provide insights on where and how to attract women and diverse hires Examine examples of interventions that have worked, and those that haven’t Practitioner faculty include: Shami Nissan, Head of Sustainability, Actis Neil Brown, Partner, Head of Investor Development Group, Actis Tracy Barba, Executive Director, Global Head of ESG, 500 Global LAVCA members are invited to register at the discounted rate.
Inside Private Capital is made possible through support from DEG and FMO. For any questions, contact education@lavca.org. | | | Vinci Partners, through Vinci Capital Partners III, led a BRL650m investment in Brazil-based wine e-commerce Evino, with participation from JCR and XP. Evino acquired Grand Cru, a Brazil-based importer and distributor of premium wines, from Aqua Capital in October 2021. Read more #PE
IFC agreed to provide a loan of up to BRL200m to Brazil-based education group Ser Educacional. Read more #Private Credit
Oak HC/FT led a USD82m Series C for 99minutos, a Mexico-based last-mile logistics platform for e-commerce vendors, with follow-on from KASZEK and Prosus Ventures. Read more #VC
Acrew Capital and Angeles Investors led a USD32m Series A for Canela Media, a video streaming platform for hispanics in the US, with participation from Samsung NEXT, Link Ventures, TEGNA Ventures, and follow-on from BBG Ventures. Mighty Capital, Reinventure Capital, Rising America Fund, Alumni Ventures, Powerhouse Capital and BMO. Read more #VC
Jive Investments sold a 49% stake in select distressed assets for USD25.5m.
Read more #Private Credit
CMNC Media, an Indonesian media conglomerate, led a USD25m Series B round for Trebel, a Mexican offline music streaming platform. Read more #VC
Digital asset platform OK Group led a USD24m Series A for Brazilian crypto exchange platform Foxbit. Read more #VC
Vinci Partners, through its Vinci Impacto e Retorno IV, agreed to invest BRL100m for a minority stake in DMCard, a Brazil-based fintech focused on providing credit to the low-income population. Read more #PE
PX Ativos Judiciais and Galapagos Capital raised BRL100m for a new fund focused on acquiring judicial assets in Brazil. Read more #Private Credit
Vinci Partners Impact acquired a minority stake in DMCard, a Brazilian low-income credit provider and card issuer for retailers, for ~USD20m. Read more #VC
Vine Ventures led a USD17.5m Series A for Cayena, a Brazilian food and cleaning products wholesale marketplace for restaurants, with participation from Astella Investimentos, Clocktower Ventures, FJ Labs, Gilgamesh, Endeavor Catalyst, Femsa Ventures, GraoVC, Canaan Partners and MSA Capital, and follow-on from Picus Capital. Read more #VC
Stämm, an Argentine developer of bioreactor equipment, raised a USD17m Series A from Varana, Vista, New Abundance, Trillian, Serenity Traders and Decarbonization Consortium, with follow-on from Draper Cygnus, Draper Associates, SOSV, Grid Exponential, VistaEnergy, Teramips, and Dragones VC. Read more #VC
KawiSafi Ventures lesd a USD15.5m Series B for Sistema.bio, a Mexico-based developer of biodigester energy for agricultural producers, with participation from AXA IM Impact Investing, and follow-on from Engie RDE, Chroma Impact, Blink CV and Co Capital. DILA Capital led a USD12m round in June 2019. Read more #VC
Blue like an Orange Sustainable Capital provided BRL72m in mezzanine financing to Brazil-based pharmaceutical retail chain InvestFarma. Read more #Private Credit
Wollef and YC led a USD12m seed round for Riogrande, a Mexican e-commerce brand incubator, with participation from angels Justin Mateen (Tinder) and Arielle Zuckerberg (Long Journey Ventures). Read more #VC
Khosla Ventures and San Francisco-based Merus Capital led a USD11m Series A for Emi, an Argentine recruiting automation interface for corporates. Read more #VC
Grão Direto, a Brazilian agricultural commodity marketplace that runs on mobile and WhatsApp, raised ~USD8m from Barn Investimentos, Bayer, Ammagi and ADM.
Read more #VC
MicroVest invested USD5m in Panama-based mortgage lender Banco La Hipotecaria. Read more #PE
PesoRama, a Canada-based retail store chain offering single price point products in Mexico, raised ~USD3.7m in proceeds through a merger with Skyscape, a capital pool company listed on the Toronto Stock Exchange, and ~USD4.2m in subscription receipts led by Fundamental Private Markets. Antonio Heredia of Fundamental Private Markets joined PesoRama’s board of directors. Read more #PE
Prisma Capital increased its stake in Brazil-based oil and gas company Dommo Energia (formerly OGX) to 51.99%. Read more #PE
STOA acquired a 30% stake in Poseidón Energia Renovable, the owner and developer of the wind farm power plant Los Guzmancito in the Dominican Republic, from Sellagic Investments. Read more #Real Assets
Wind Point Partners acquired Palmex, a Mexico-based manufacturer of snack pellets for salty snacks, for an undisclosed amount. Read more #PE
Grupo Pegasus invested an undisclosed amount in Puppis, an integrated omnichannel pet products retailer with a presence in Colombia and Argentina.
Read more #PE | | | Upcoming Events & Trainings | LAVCA Research + Directories | | | | |
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