Caitlin Mitchell, LAVCA
Institutional Investors Select Advent International, LIV Capital, Southern Cross Group & Riverwood Capital for Latin American Private Equity Awards
LAVCA and EY Launch Inaugural Latin American Private Equity Awards to Highlight Deals & ESG Outcomes
New York, December 10, 2015 – The Latin American Private Equity & Venture Capital Association (LAVCA) and EY today announced the winners of the inaugural Latin American Private Equity Awards. A panel of institutional investors selected Advent International for the 2016 Private Equity Deal, based on their investment in Brazilian financial services firm Cetip. The 2016 Environmental Responsibility Private Equity Deal was awarded to Southern Cross Group and GasAtacama, an energy firm based in Chile; LIV Capital was awarded the 2016 Social Responsibility Private Equity Deal for their work with Mexican telecommunications company Red IT; and the 2016 Governance Private Equity Deal went to Riverwood Capital for their investment in pan-regional IT firm, Globant.
“A successful track record is an important indicator of the maturity of a private equity market,” said Cate Ambrose, President and Executive Director of LAVCA. “The fund managers participating in the 2016 Latin American Private Equity Awards represent some of the leading investment firms in the region and we are delighted to recognize them and count them among our members.”
Honorable Mentions were awarded to DGF Investimentos/Softway and Darby Overseas Investments/Laboratorios Kendrick (2016 Private Equity Deal); Aqua Capital/Comfrio (2016 Environmental Responsibility Private Equity Deal); Actis/Companhia Sulamericana (2016 Social Responsibility Private Equity Deal); Stratus Group/Maestro Locadora de Frotas (2016 Governance Private Equity Deal).
“The Latin American Private Equity Awards is an important initiative for fund managers to showcase their activity in the region as global institutional investors are more actively taking note of local investment prospects,” said Mike Rogers, Global Deputy Private Equity Leader at EY. “ESG is also becoming increasingly significant to the global private equity community and Latin America offers a number of opportunities for firms to improve environmental, social, and governance activities within these companies.”
The judging panel was comprised of Latin American, US, and international institutional investors including development banks, insurance companies, and trusts. Scoring criteria included company transformation, IRR, EBITDA, governance, and where relevant, social impact, and environmental impact.
Award winners were honored at a dinner and reception on Wednesday, December 9, 2015 in New York at Americas Society/Council of the Americas. These deals and others are highlighted in the first and second edition of the Latin American Private Equity Deal Book and ESG Cases.
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 170 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.
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