11th ANNUAL LAVCA DEAL AWARDS

Nominations Opening Soon

In an effort to showcase best-in-class examples of private capital activity in Latin America, LAVCA is again collaborating with Member investors to highlight portfolio company deal cases for our audience of global institutional and fund investors, as well as strategic and long-term investors active or interested in Latin America. 

Nominations for the 11th Annual LAVCA Deal Awards will open in Mid-November. To learn more and see past winners, visit lavca.org/deal-awards.

For questions regarding the nominations, please contact Marcelo Pizzato at mpizzato@lavca.org.

DEAL CASE

Deetken Impact | Puntored

In February 2020, Deetken Impact invested in Puntored, a Colombia-based alternative payment methods company that provides digital financial services to small business owners who can serve as banking correspondents for customers in isolated communities.

With Deetken Impact’s support, Puntored launched Veci, a mobile application for small business owners to manage digital payments. The company comprises nearly 70,000 mom-and-pop stores, small businesses and supermarkets spread over 938 municipalities in Colombia, reaching 92% of the national territory. By the end of 2023, Puntored had processed nearly 250 million financial transactions and doubled its revenues since Deetken Impact’s initial investment in 2020. By increasing access to digital financial services, Puntored continues to support the development of entrepreneurs.

◼︎ V.tal, a Brazil-based digital infrastructure company backed by BTG Pactual, launched its subsidiary, Tecto Data Centers, a unit focused on operating data processing centers, with a USD1b investment. #PE

◼︎ TC Latin America Partners launched a USD450m joint venture to expand the development of industrial properties in Mexico. #RealAssets

◼︎ Vinci Partners raised USD140m for its Brazil-focused climate fund from the European Investment Bank, Asian Infrastructure Investment Bank, Allianz and CAF. #PE

◼︎ Cantu Store, a Brazil-based wholesale business group backed by L Catterton, acquired GP Pneus, a Brazil-based wholesaler of passenger, SUV, agricultural and transport tires, for BRL800m (~USD140.8m). #PE

◼︎ Across Capital closed a BRL670m (~USD116m) fund focused on emerging tech companies in the US and Latin America. #VC

◼︎ General Atlantic led a USD50m round for Jüsto, a Mexico-based online grocer. #VC

◼︎ Creation Investments and Syngenta Group Ventures led a USD53m Series C for Agrolend, a Brazil-based agribusiness credit platform. #VC

◼︎ Ashmore invested in Liceo Pino Verde, a Colombia-based K-12 school with an international academic curriculum. #PE

◼︎ AMERRA Capital Management agreed to fully exit Salto Botelho Agroenergia, a Brazil-based industrial sugarcane mill, via sale to Zilor, a Brazil-based producer of sugar, ethanol and electricity from sugarcane. #PE

◼︎ Crescera Capital invested in Segware, a Brazil-based provider of security monitoring software solutions. #PE

◼︎ KASZEK led a USD32.6m Series A for CXC, a Mexico-based administrative services platform for structured financing facilities, with participation from Quona Capital, Mercado Libre, Daedalus Ventures, Saison Capital and Actyus. #VC

◼︎ MidOcean Energy, a liquefied natural gas company managed by EIG, acquired a 15% stake in Peru LNG, a natural gas liquefaction plant located in Pampa Melchorita. #RealAssets

INDUSTRY EVENTS

Bogotá Startup Night

21 November 2024
Bogotá, CO

LAVCA RESEARCH