El Dorado Sells Colombian Power Plant

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(Latin Lawyer) Latin American private equity companies Altra, Mercantil Colpatria and SCL Energía Activa acquired a Colombian powerplant from El Dorado Group, a US-based infrastructure and project developer. Read more at Latin Lawyer.

Riverstone and EnCap Invest US$225m Each in Mexican Oil and Gas Company

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(PEHub) Riverstone Holdings and EnCap Investments have each committed US$225mto Sierra Oil & Gas, a Mexican exploration and production company. Infraestructura Institucional, a Mexican infrastructure private equity firm, committed US$75m to the company. All three investors have the option to double their existing commitments once initial equity has been deployed. Read more

Mexico energy laws likely to be approved by early August -senator

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(Reuters) Mexican laws that lay out the fine print of a landmark energy sector overhaul approved last year should be passed by lawmakers in early August at the latest, a ruling party senator said on Tuesday. Read more

The Rohatyn Group sells TGI stake

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(PE Hub) The Rohatyn Group‘s TRG Growth Fund II has sold its minority stake in Transportadora de Gas Internacional to majority shareholder Empresa de Energia de Bogota for $880 million. EEB is an energy holding company in Colombia with interests across the electricity and natural gas sectors. Read more

Brazilian PE Fund Acquires Stake in BTG Pactual Energy Holding

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(Latin Lawyer) Brazil’s Vieira, Rezende, Barbosa e Guerreiro Advogados has helped private equity fund Brasil Óleo e Gás acquire a US$66m minority stake in an oil and gas company owned by BTG Pactual. Read more at Latin Lawyer

Canada Pension Plan Investment Board Acquires Additional 23.6% Stake in Peruvian Pipeline

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(Press Release) Canada Pension Plan Investment Board (CPPIB) announced today that it has completed the acquisition of a 23.6% equity stake in Transportadora de Gas del Perú S.A. Read more

Brazil’s Cosan Proposes US$4.7b Takeover of Railway Firm ALL

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(Reuters) Brazilian sugar and ethanol firm Cosan SA (CSAN3.SA) proposed on Monday to take over America Latina Logistica SA (ALLL3.SA) in a US$4.7b deal that would form Latin America’s largest railway and logistics company. Read more

Partners Group Acquires a Majority Stake in Fermaca

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(Press Release) Partners Group, the global private markets investment manager, has acquired a majority stake in Fermaca on behalf of its clients from Ospraie Management in a transaction of approximately US$750m. Read more


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Caitlin Mitchell, LAVCA
+1 646.315.6737


Major Deals in Oil & Gas and Energy Boost Sector in 2013

New York, December 16, 2013 – Private equity investors will commit a record amount to infrastructure-related deals in Latin American in 2013, according to a proprietary report published today by The Latin American Private Equity & Venture Capital Association (LAVCA). Compared to US$3.3b invested in 2011 and US$1.7b invested in 2012, preliminary findings show a total of over US$3.5b deployed by private equity investors in infrastructure in Latin America in 2013. Activity in the last few months has been accelerated by major deals in the oil & gas sector.

Among the significant transactions completed in 2013, in September Capital International (CIPEF) invested in Brazil-based QGOG Constellation, a provider of offshore and onshore oil & gas contract drilling. Earlier this month, Advent International completed an acquisition of a minority stake in Colombia’s Ocensa oil pipeline for US$1.1b, the largest deal closed for 2013.

“It is well recognized that many major Latin American countries face a deficit in the infrastructure necessary to support the region’s growth. Advent has identified some attractive opportunities in this space in recent years, including the deal announced in Colombia earlier this month,” said Patrice Etlin, Managing Partner of Advent International and Chairman of LAVCA.

“The interest in infrastructure-specific investments in Latin America has grown considerably, expanding from a niche sector of the private equity market into an important opportunity within the alternative assets industry,” said Juan Savino, Director of Research, LAVCA. “The deals closed in 2013 demonstrate that despite some regulatory challenges, private equity investors are anticipating that they can generate private equity-like returns from the right type of deal in infrastructure-related sectors.”

According to the report, activity in Brazil and Colombia in energy, renewables, and oil & gas was particularly dynamic. Given the expectations around the impending energy reform in Mexico, infrastructure is poised to remain a sector of great interest to investors.

LAVCA’s report, Private Equity in Latin America – Sector Focus: Infrastructure & Energy, is available to members and can be purchased by non-members online here.

For the purposes of the report, LAVCA looks at infrastructure in terms of investment activity. LAVCA identifies six main sectors for private equity infrastructure: energy, oil & gas, transportation infrastructure, telecommunications, renewable energy, and logistics.


About the Latin American Private Equity & Venture Capital Association
The Latin American Private Equity & Venture Capital Association is a not-for-profit membership organization dedicated to supporting the growth of private equity and venture capital in Latin America and the Caribbean. LAVCA’s membership is comprised of over 160 firms, from leading global investment firms active in the region to local fund managers from Mexico to Argentina. Member firms control assets in excess of US$60b, directed at capitalizing and growing Latin American businesses. LAVCA’s mission – to spur regional economic growth by advancing venture capital and private equity investment – is accomplished through programs of research, networking forums, education and advocacy of sound public policy. More information at www.lavca.org

Record Buyout Firm Backing of Latin American Infrastructure

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(Financial Times) Private equity firms invested a record amount in infrastructure in Latin America this year, tapping into a drive by countries in the region to boost economic growth by solving logistics and other bottlenecks. Read more