Caitlin Mitchell, LAVCA
MAS Equity Partners Recognized for Top Deal in Latin American Private Equity Awards
Institutional Investors Select Ashmore, Victoria, and Actis for Environmental, Social, and Governance Honors
New York, March 20, 2018 – The Latin American Private Equity & Venture Capital Association (LAVCA) today announced the winners of the 2018 Latin American Private Equity Awards. A panel of institutional investors selected MAS Equity Partners for the 2018 Private Equity Deal for their investment in dining and entertainment company Inmaculada Guadalupe y Amigos (Grupo IGA), owner of popular Colombian restaurant chain Andrés Carne de Res. MAS Equity Partners led Grupo IGA on an important expansion in Colombia and pan regionally, before selling the company for a 7X return.
Ashmore Management Company Colombia received the 2018 Environmental Responsibility in a PE Deal award for their investment in transportation company Transambiental; Victoria Capital Partners was awarded the 2018 Social Responsibility PE Deal for building materials company Corona Industrial; and Actis earned the 2018 Governance in a PE Deal award for their investment in Costa Rican renewable energy company Globeleq Mesoamerica Energy.
“2017 marked a record number of PE/VC investment transactions in Latin America,” said Cate Ambrose, President and Executive Director of LAVCA. “Simultaneously, we are seeing an increase in submissions and competition for the awards each year as private capital investors seek out new ways to show value, both financially and through environmental, social, and governance efforts.”
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.
Award winners were honored during a special Latin American luncheon at the PEI/PRI Responsible Investment Forum on Tuesday, March 20, 2018 in New York. These deals and others are highlighted in the fourth edition of the Latin American Private Equity Deal Book and ESG Cases, published in partnership with BID Invest. Over 50 deal cases have been published by LAVCA since 2014.
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 capital investors in Latin America and the Caribbean. LAVCA’s membership is comprised of over 180 firms, from leading global investment firms active in the region and local fund managers to family offices, global sovereign wealth funds, and international pension plans. Member firms control assets in excess of US$65b, directed at capitalizing and growing Latin American businesses. LAVCA’s mission – to spur regional economic growth by advancing private capital investment – is accomplished through programs of research, networking forums, education and advocacy of sound public policy. Visit www.lavca.org for more information.