16 May 2024

LAVCA RESEARCH

Q1 2024 Industry Data & Analysis

The liquidity drought persisted in Q1 2024 as high interest rates, limited M&A activity and pricing gaps between sellers and buyers continue to produce headwinds on exits.

LAVCA’s Industry Data & Analysis  is available on a quarterly basis as a benefit for LAVCA Members. LAVCA’s Q1 2024 Industry Data & Analysis includes insights on:

Aggregate statistics on private capital investment in Latin America by deal size, country, asset class and industry
141 disclosed private capital transactions across Latin America
VC breakout with analysis of activity by stage, country, sector, investor HQ, ticket size and tech vertical
Aggregate statistics on private capital fundraising in Latin America
8 Latin America-dedicated funds with closes in Q1 2024
Aggregate statistics on private capital exits in Latin America
Notable exits and listings in Q1 2024

LAVCA Members can log in to download the Q1 2024 Industry Data & Analysis Excel file. Non-members can purchase to access the data.

LAVCA Members may also request custom data cuts by contacting LAVCA’s Director of Research Emanuel Hernandez at ehernandez@lavca.org.

Access LAVCA Data

DEAL CASE

Patria | Frooty

In June 2014, Patria invested in Frooty, a Brazil-based açaí sorbet manufacturing company. The company’s business model employs local workers in the states of Amazonas and Pará for the sustainable harvesting and processing of superfruits in the Amazon rainforest.

With Patria's support, Frooty has become the leading açaí sorbet manufacturing company in Brazil, with a production capacity that exceeds 120 tons a day of açaí sorbets and 45% of the retail market share in the country. Frooty established environmental programs to protect approximately 40,000 hectares of the Amazon rainforest since the production of açaí is highly dependent on the health of the ecosystem. The company’s commitment to sustainability extends to its circular economy practices, where waste from pulp production is utilized as fuel for steam generation.

Read Full Deal Case

NEXT WEEK

22 May 2024 | LinkedIn Live

Next week, winners of the 2024 LAVCA Deal Awards will be announced during a virtual ceremony on LinkedIn Live at 10am ET on Wednesday, 22 May 2024.

Winners will be chosen by a panel of institutional investors and awards will be conferred in six categories:

✸ Private Capital Deal of the Year

✸ Environmental Responsibility

✸ Social Impact

✸ Gender/Diversity

✸ Innovation

✸ Better Tech

The LAVCA Deal Awards showcase outstanding private capital investments, specifically targeting environmental, social and gender diversity initiatives. Select deals also will be profiled in our regular case studies publications. Access the past winners of the LAVCA Deal Awards here.

Please email Marcelo Pizzato at mpizzato@lavca.org with questions or concerns.

Save the Date

◼︎ Patria Investments acquired the private equity solutions platform of abrdn. #PE

◼︎ BTG Pactual Timberland Investment Group (TIG) reached a USD1.24b close for its BTF II fund focused on mature timberland assets in Chile, Uruguay and Brazil. #RealAssets

◼︎ Community Investment Management provided a USD75m credit facility to Jeeves, a US-based expense management platform for businesses with operations in Latin America. #VC

◼︎ QED Investors led a USD45m Series B for Aplazo, a Mexican payment platform enabling buy-now-pay-later systems for e-commerce brands, with participation from Volpe Capital and follow-on from Kaszek, Picus Capital and Oak HC/FT. #VC

◼︎ Brookfield acquired a 10% stake in VLI, a Brazil-based transportation logistics company. #RealAssets

◼︎ Plata, a Mexico-based financial services startup, secured a USD100m warehouse facility from Fasanara Capital. #VC

◼︎ Canadian fund OTPP partially exited Multiplan, a Brazil-based public mall operator. #PE

◼︎ Confrapar exited JobConvo, a Brazil-based applicant tracking software company, to Senior Sistemas, a Brazilian management software company. #VC