Private Capital Update - 14 June 2023 Email not displaying correctly?
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Kinea
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LAVCA recently spoke with Cristiano Gioia Lauretti, Head of Private Equity of Kinea, about the private capital opportunity in Brazil today and how the region has evolved since Kinea first started investing in 2009.

“We have seen important changes in the private equity industry in Brazil over the last decade. Today Brazil is a less competitive market in terms of the number of fund managers that are active. The lack of funding has been the main driving force for consolidation in the PE industry in Brazil. While there are still some important players doing buyouts in the Brazilian market, there is less competition for the types of mid-market minority stake deals that Kinea specializes in.”

 
 


Virtual Training | Increasing Participation of Women in Private Capital
27 June 2023 | 8:30-10:00am ET
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#InsidePrivateCapital

Increasing Participation of Women in Private Capital will feature key industry players who are laying the groundwork for organizational change in their firms, and provide practical first hand insights about how to attract more women and support their career progression.  


Shami Nissan
Partner, Sustainability
Actis
Neil Brown
Partner, Head of Investor Development Group
Actis
Roshini Bakshi
Managing Director
Private Equity
Everstone Capital

Registration closes Friday, 23 June.
 

The Inside Private Capital series is available to LAVCA Members, GPCA Members and guests of DEG and FMO at no cost. Non-members may contact [email protected] to express interest and will be considered on a space-permitting basis.



  Auna, a Peru-based healthcare provider network, entered a USD505m financing agreement with CPP Investments, Lumina Capital Management and Farallon Capital Management. Read more. #PrivateCredit

  L Catterton reached a ~USD233m first close for L Catterton Latin America IV LP, its fourth flagship fund to invest in private equity and late-stage technology businesses in Latin America. Read more. #PE

  The European Investment Bank agreed to provide a EUR200m (~USD214.4m) loan to Brazil-based private cooperative bank Banco Cooperativo Sicredi to promote installations of solar photovoltaic equipment in homes, SMEs and other small-scale buildings. Read more. #RealAssets

  Pátria Investments agreed to sell 32.6m shares of Brazil-based fitness center chain Smartfit, worth ~BRL550m (~USD110.8m). Pátria also sold 16m shares in March 2023. Read more. #PE

  La Haus, a Colombian residential property brokerage service, raised a USD62m Series C round from KASZEK, NFX, Next Play Capital, Acrew Capital and others. Acrew Capital led a USD50m round in November 2021; Greenspring Associates led a USD35m Series B in January 2021. Read more.  #VC

  Energy Impact Partners led a USD30m Series B for Ceibo, a Chile-based copper extraction startup, with participation from CoTec Holdings, Audley, Orion Resources, Unearth, Pincus Green, and follow-on from Khosla Ventures and Aurus Ventures.USD30m Series B round. Read more.  #VC

  IDB Invest provided a USD15m structured loan to Habi, a Colombian residential real estate platform, to expand operations in Mexico. Read more.  #VC

  Left Lane Capital and Cloud 9 Capital invested ~USD18m in Onfly, a Brazilian corporate travel and expense management platform for SMEs. Read more#VC

  PayPal Ventures led a USD14m Series A for nocnoc, an Uruguay-based e-commerce platform connecting international brands with local marketplaces with participation from IGNIA Partners, with follow-on from Quona Capital, Mouro Capital, Caravela and Broadhaven Ventures. Read more.  #VC

  Warburg Pincus made a BRL150m (~USD30.3m) follow-on investment in Superlógica, a Brazilian ERP for real estate brokers. Warburg Pincus first invested BRL300m (~USD60m) in 2020. Read more. #PE

  Rockville Capital, through their solar energy fund, sold 20 solar plants to Chile-based renewable energy company Emu Solar, having an electricity generation capacity of more than 120 MW. Read more. #RealAssets

  eB Capital led an undisclosed Series B for Hilab, a Brazilian remote blood testing equipment manufacturer, with participation from Rise Ventures, and follow-on from Brazilian hardware manufacturer Positivo Tecnologia. Read more#VC

  FRAM Capital invested in Samaúma, a Brazil-based conservation project with the goal of protecting two million acres of the Amazon rainforest. Read more#PE


Upcoming Events & Trainings

 
27
JUN
Executive Education: Increasing Participation of Women in
Private Capital
 

Virtual
10-13
OCT
LAVCA Week 2023 
Conrad New York Downtown, New York, NY
Hosted by LAVCA

LAVCA Research + Directories

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Investment in Latin America
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