| | | | Deal Case: Aqua Capital | Biotrop As part of LAVCA’s Eighth Annual ESG Deal Awards, Aqua Capital received the 2022 Environmental Responsibility Award for its investment in Biotrop.
Aqua Capital created agricultural biologicals platform Biotrop in 2018 and merged it with inoculants producer Total Biotecnología. Biotrop provides innovative solutions to enhance agricultural productivity through low-cost, high-ROI, biological-based products such as inoculants, biostimulants and biopesticides which replace the use of harmful chemicals and avoid GHG emissions.
Since Aqua’s investment, the platform’s EBITDA has grown at a CAGR of 51.2%, international sales have increased 4x, and the company has launched 24 new products. In three years, the company has reduced the use of chemical fertilizers by over 23,000 tons, which represents a reduction of at least 83,100 tons in CO2 emissions – the equivalent of planting 581,000 trees.
LAVCA Venture Capital Insights LAVCA Director of Venture Capital Carlos Ramos de la Vega recently delivered inaugural remarks, outlining the current "State of Venture Capital in Latin America" in a timely presentation at the VC LatAm Summit in Miami, FL.
LAVCA members can email LAVCA Associate Director of Research Emanuel Hernandez ([email protected]) to request access to the full 18-page deck, or to request additional data insights. Save the Date: Member Reception During LAVCA Week 2022 LAVCA is excited to convene in person after a two-year hiatus and kick off LAVCA Week with a dynamic reception for LAVCA Members and Limited Partners hosted by Advent International. The Member Reception will take place on Tuesday, October 11 at Tribeca 360° from 6:00 pm - 9:00 pm EDT.
LAVCA Week 2022 will take place in person on October 12-14 at the Conrad New York Downtown in New York City.
The 2022 conference will convene LAVCA’s unparalleled network of private capital investors from across Latin America, the US, Asia and other global markets for a highly interactive experience, including networking and discussions on the latest trends in private equity, venture capital and other private capital strategies.
Participation is open to LAVCA members, non-member private capital investors and qualified institutional investors.
| | | LATAM Airlines secured USD3.7b in financing from J.P. Morgan and Qatar Airways Investments. The financing will be used in part to repay funds lent by Oaktree Capital Management and Apollo Global Management. Read more #Private Credit
IDB, IDB Invest, Bancoldex, FDN and Fondo de Cofinanciamiento de China para América Latina provided a ~USD394m senior loan for the development of theAntioquia Port project in Colombia. Global Infrastructure Partners provided USD130m in mezzanine financing. Read more #Real Assets #Private Credit
Mexico-based digital freight forwarder Nowports raised a USD150m Series C at a USD1.1b reported valuation from existing investors monashees, SoftBank Latin America Fund, Tiger Global and Foundation Capital. Read more #VC
Ecuador-based payments platform Kushki raised a USD100m Series B+ from KASZEK, DILA Capital, SoftBank Latin America and Clocktower Ventures at a reported USD1.5b valuation. Read more #VC
Anthos Capital led a USD47m round for Yummy, a ride-sharing and last-mile delivery platform with operations in Venezuela, Bolivia, Peru and Panama, with participation from Soma Capital, WIND Ventures, Ethos Capital and YC Continuity, and follow-on from JAM Fund.
Read more #VC
BTG Pactual and Energea Global agreed to sell a special purpose entity (SPE) that owns Energea Salinas, Energea Pedrinopolis and Energea Tres Pontas to Brazil-based power company Comerc for BRL200m. The three companies own solar farms under construction in Brazil. Read more #PE
Grepar Participações agreed to acquire Brazil-based refinery Lubnor fromPetrobras for USD34m. Read more #Real Assets
Blue like an Orange Sustainable Capital, Palm Drive Capital and Minerva Capital led a USD32m round for RobinFood, a Colombia-based restaurant management platform, with participation from Bethia, Semillero Partners and MGM Energia. Read more #VC
Bradesco’s Inovabraled a ~USD17m round for Agrotools, a Brazil-based competitive intelligence platform for agribusiness. Read more #VC
Canaan Partners led a USD15m Series A for Marvin, a Brazil-based working capital financing platform, with participation from Mauá Capital, and follow-on from Canary.
Read more #VC
Aqua Capital acquired 100% of Colombia-based food manufacturing company Ascender from Fondo de Capital Privado Valorar Futuro and other minority shareholders for an undisclosed amount. Read more #PE
General Atlantic acquired a stake in Brazil-based web services hosting platform Locaweb via a block trade for an undisclosed amount. Read more #PE
Alloy Capital provided structured debt to Mexico-based risk management company MAS Seguros, which was recently acquired by Hexagon Capital. Read more #Private Credit
H.I.G. Capital invested an undisclosed amount for a majority stake in Colombia-headquartered cleaning products and kitchenware company Virutex Ilko. Read more #PE
Mubadala Capital acquired majority stakes in Brazil-based medical universities Medicina UniFTC Salvador and Unesulbahia to form a new educational group. Read more #PE
BRK Ambiental, a Brazil-based sanitation company owned by Brookfield Asset Management, filed an IPO request with the Securities and Exchange Commission of Brazil (CVM). Read more #PE
Accenture acquired Argentina-based data and analytics company Ergo for an undisclosed amount. Read more #PE
ADIA agreed to finance part of theSanta Fe-Córdobaaqueduct in Argentina.
Read more #Private Credit
| | | Upcoming Events & Trainings 11
OCT
| LAVCA Member Reception
Tribeca 360 New York, NY
Hosted by Advent International | 12-14
OCT
| LAVCA Week
Conrad New York Downtown New York, NY
Hosted by LAVCA |
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