LAVCA announced the winners of the 2019 Latin American Private Equity Awards.
🏆 A panel of institutional investors selected Riverwood Capital for the 2019 Private Equity Deal for their investment in Brazilian ride-sharing service 99. Riverwood exited their investment with the sale of 99 to Beijing-headquartered technology giant DiDi Chuxing in January 2018, representing the only all-cash exit in the ride-hailing industry globally to date.
🏆 Aqua Capital received the 2019 Environmental Responsibility in a PE Deal award for their investment in Brazilian plant nutrition company Fertiláqua due to the implementation of an environmental and safety program, including an upgraded production facility that minimized energy and water use and reduced emissions. In 2018 Fertiláqua was one of the first Brazilian companies to receive an ISO 14001 Environmental Management System Standard designation.
🏆 Linzor Capital Partners received the 2019 Social Responsibility in a PE Deal award for their investment in Farmashop, a Uruguayan pharmacy chain with company-wide programs for employee education and diverse hiring practices, including a pilot program to hire people with disabilities and an annual campaign called Mamas, Tias, y Abuelas aimed at employing and mentoring women aged 35-50 who are looking to enter or re-enter the workforce.
🏆LAVCA awarded ACON Investments the inaugural 2019 Gender Diversity in a PE Deal award for their investment in Betterware, a Mexican consumer/retail company that provides flexible employment, training, and zero interest rate working capital for women. The majority of Betterware’s employees are female including 98% of Betterware’s salespeople and 90% of the company’s regional managers.
Judges included international institutional investors such as development finance institutions, insurance companies, pension funds, and trusts. Scores took into consideration company transformation, IRR, EBITDA, governance, and where relevant, social and environmental impact.
These deals and others are highlighted in the fifth edition of the Latin American Private Equity Deal Book and ESG Cases. Over 60 deal cases have been published by LAVCA since 2014.
Awards were announced during a special Latin American presentation at the PEI/PRI Responsible Investment Forum on March 5, 2019 in New York.
Riverwood Capital, Linzor Capital, ACON Investments, and Aqua Capital participated in the award ceremony.
Produced by LAVCA, The Latin American Private Equity Deal Book & ESG Cases illustrates real examples of the value add of private equity in Latin America. Case studies also highlight environment, social, and governance (ESG) efforts.
The Latin American Private Equity awards bring recognition to fund managers with successful deal cases in Latin America. Honored investments were published in the Latin American Private Equity Deal Book & ESG Cases, in response to demand from LPs for specific examples of private equity case studies.
Over 60 deals have been published by LAVCA since 2014.
The Association for Private Capital Investment in Latin America (LAVCA) announced the winners of the 2019 Latin American Private Equity Awards. A panel of institutional investors selected Riverwood Capital for the 2019 Private Equity Deal for their investment in Brazilian ride-sharing service 99. Riverwood exited their investment with the sale of 99 to Beijing-headquartered technology giant DiDi Chuxing in January 2018, representing the only all-cash exit in the ride-hailing industry globally to date.
