Macquarie Capital Forms New Investment Corporation Focused on Latin America Infrastructure Development

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(Businesswire) Macquarie Capital has formed Macquarie Development Corp., a new platform to invest equity in pre-construction infrastructure development projects in Latin America. It is being launched in partnership with China Communication Construction Co. and Banco Modal. Read more

Partners Group to Focus on Americas

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(PEHub) Partners Group has opened a Houston, Texas office to focus on coverage in the U.S. and Latin America. Todd Bright, managing director and head of infrastructure Americas, will head the office. The office is Partners Group’s third in the U.S., and 18th in total. Read more

Macquarie Mulls Latin American Fund

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(Press Release) The A$427bn asset manager intends to use its presence in Mexico as a stepping stone to venture further south. Read more

First infra debt fund begins trading in Brazil

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(PEI) The BRL315m infra debt fund raised by Banco do Brasil’s BB DTVM and two others is the first such vehicle to be listed on the São Paulo stock exchange. Read more

Darby Private Equity Nears Final Closing for Brazilian Infra Vehicle

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(Alt Assets) Emerging markets-focused Darby Private Equity is nearing a final close for a Brazilian-focused infrastructure fund. Read more at Alt Assets.

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

Canada Pension Board Opens Brazil Office, Eyes Real Estate, Infrastructure

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Canada Pension Plan Investment Board said on Wednesday it will open an office in São Paulo in April, intent on boosting real estate and infrastructure investments in the region even as money is flowing out of emerging markets. Read more

PRIVATE EQUITY FIRMS DRIVE RECORD INFRASTRUCTURE INVESTMENTS IN LATIN AMERICA

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PRESS RELEASE: FOR IMMEDIATE RELEASE

Contact:
Caitlin Mitchell, LAVCA
cmitchell@lavca.org
+1 646.315.6737
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PRIVATE EQUITY FIRMS DRIVE RECORD INFRASTRUCTURE INVESTMENTS IN LATIN AMERICA

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.

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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

Previ Set to Double its Private Equity Investments

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(Terra Economia) Previ, the pension fund for employees of Banco do Brasil (BB), wants to more than double its investments in private equity over the next three years, which would increase its committed capital of R$1.8b to almost R$4b. The fund has already invested approximately R$900m in 22 funds with investments in 100 companies from various industries. The foundation is interested in sectors such as infrastructure, education, healthcare and retail.