LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

Elevar Equity Exits Caja Rural Los Andes

July 22, 2016

(Press Release) Elevar Equity, a human centered venture capital firm, has fully exited Caja Rural de Ahorro y Crédito los Andes through the sale of its stake to Creation Investments Capital Management (press release text below).


Elevar Equity, a human centered venture capital firm, announced that it had fully divested its position in Peruvian finance company Caja Rural de Ahorro y Crédito los Andes S.A. through the sale of its stake to Creation Investments Capital Management, a private equity firm focused on financial services in emerging markets.

Caja Rural Los Andes was an investment in Elevar’s second fund, Elevar Equity II L.P., which invested in companies serving low income communities predominantly in India and Peru. Los Andes is the second exit from the fund, following the fund’s partial exit from Ujjivan Financial Services Ltd, an Indian microfinance institution, in its Initial Public Offering that took place in May of 2016.

Founded in 1997, Caja Rural Los Andes is a profitable, deposit-taking, regulated finance company that caters to the needs of the rural community in the southeast Andean region of Peru. In late 2010, Elevar, together with a local Peruvian investment group, acquired a controlling majority stake in Los Andes. During their tenure as shareholders in the company, Elevar and the investors reorganized Caja Rural Los Andes around a cohesive strategy and new governance to drive growth while maintaining focus on rural customers. Delivering both credit and savings products to farmers and producers located in rural communities, Los Andes grew more than threefold to serve over 35,000 borrowers, 21,000 savers and a $50MM loan portfolio. Today Los Andes is listed on the Peruvian stock exchange and positioned as a leading community bank with a recognizable, trustworthy brand and a unique credit model focused on underserved rural customers.

Elevar Equity Exits Caja Rural Los Andes was last modified: October 20th, 2016 by Editor
BankingCaja Rural de Ahorro y Crédito los AndesElevar EquityFinancePeruSocial Inclusion
0
Facebook Twitter Google +

Categories

  • Deals
  • Exits
  • Regulatory
  • M&A
  • New Funds & Firms
  • Partnerships

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.






Which LAVCA Newsletter would you like to receive?

Tweets

  • "According to LAVCA Data, VC investment into Latin American fintech totaled USD1.2b in the first quarter of 2022."… https://t.co/oikd3BXiCU

    24-Jun-2022

    Reply Retweet Favorite
  • Felicitaciones a la Directora Ejecutiva de LAVCA @lavca_org Ángela María Tafur @naitafur quien se ha incorporado al… https://t.co/qjHgnmFPS3

    14-Jun-2022

    Reply Retweet Favorite
  • LAVCA's Director of Venture Capital @crdelavega_ shares insights with @TechCrunch's @bayareawriter on the latest d… https://t.co/krypDTI5NE

    14-Jun-2022

    Reply Retweet Favorite
  • Congratulations to LAVCA's Executive Director @naitafur who has joined the Board of Directors of @GRUPOSURA. https://t.co/47bv5fyVhT

    13-Jun-2022

    Reply Retweet Favorite
  • In 2018, @_AquaCapital invested in agricultural biologicals platform @Biotropbr. In 3 years, the company has reduce… https://t.co/PDu5zkchTs

    13-Jun-2022

    Reply Retweet Favorite

Keep in touch

Twitter Linkedin Youtube

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Office

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

Explore LAVCA.org

  • About LAVCA
  • Board, Team, & Advisors
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top