24 January 2024

2024 ESG Deal Awards Email (1200 x 310 px)

Submission deadline is Friday, 26 January

Each year, LAVCA collaborates with member investors to showcase best-in-class examples of private capital investment activity in Latin America to our audience of global institutional and fund investors, as well as strategic and long-term investors active or interested in the region.

LAVCA Member GPs are invited to nominate a portfolio company deal for the 2024 LAVCA ESG Deal Awards by Friday, 26 January 2024.

Portfolio company deals can be across any asset class, including private equity, VC/tech, private credit and real assets. Associate Members can also nominate firms and deals.

To nominate a deal or for more information, please contact Marcelo Pizzato at [email protected].

Download Submission Form

Copy of LatAm Private Capital Update 2-1

◼︎ Visa received regulatory approval to acquire Pismo, a Brazil-based payment processing and banking platform for USD1b in an all-cash deal, after the transaction was first announced in June 2023. Pismo raised a USD108m Series B in October 2021 from SoftBank Group, Redpoint Ventures, PruVen Capital, Headline, Accel Partners, Amazon, B3 and Falabella Ventures. #VC

◼︎ Global infrastructure investor I Squared Capital invested USD400m for a 49% stake in Origo Energia, a Brazil-based distributed solar energy generation company. #RealAssets

◼︎ Auna, an integrated healthcare provider backed by Enfoca with operations in Peru, Colombia and Mexico, filed a USD200m US IPO with the SEC. #PE

◼︎ Portland Private Equity reached a USD100m first close for Portland Caribbean Fund III, its third flagship fund with a USD350m target. The European Investment Bank anchored the fund with a USD25m commitment through its investment arm EIB Global. #PE

◼︎ Gramercy Funds Management provided a USD80m senior loan facility to Frigorifico Concepcion, a Paraguay-based meatpacking company. #PrivateCredit

◼︎ Base10 Partners led a USD41.5m Series B for Conta Simples, a Brazil-based corporate card issuer for SMEs, with follow-on from Valor Capital Group, DOMO, Big Bets, Y Combinator, Jam Fund and Broadhaven. #VC

◼︎ KASZEK led a USD40m Series B for Pomelo, an Argentina-based payments infrastructure startup for fintech and embedded finance players, with participation from Endeavor Catalyst and TQ Ventures, as well as follow-on from monashees, Index Ventures and S32. #VC

◼︎ Glisco Partners invested USD20m in a Series C+ for Yalo, a Mexico-based conversational commerce platform for corporates and retailers. #VC

◼︎ Antler Elevate led a USD13m Series A for Prometeo, a Uruguay-based fintech infrastructure startup for LatAm banks, with participation from PayPal Ventures, Samsung Next, DN Capital and follow-on from Cometa and Magma Partners. #VC

◼︎ Qualcomm Ventures and Astella led a USD7m round for Gabriel, a Brazil-based developer of security camera networks, with follow-on from Canary, Endeavor Catalyst, Globo Ventures, SoftBank Group, LTS Investments and Norte Ventures. SoftBank previously led a ~USD13.2m Series A in October 2021; Canary invested USD1.5m in January 2020. #VC

◼︎ Ardian dissolved its joint venture with Spain-based renewable energy company Solarpack to optimize Ardian’s portfolio of solar plants in Chile and Peru. Ardian now owns 100% of three solar PV plants in Chile and one in Peru.#RealAssets

◼︎ ACON InvestmentsexitedVitalis, a Colombia-based manufacturer and wholesaler of generic injectable pharmaceutical drugs, through a sale to Mexico-based pharmaceutical supplier Laboratorios Sanfer. #PE