Newsletter 18th Edition

AMEXCAP
AMEXCAP Newsletter - Exclusively for Members
18th Ed., November 22, 2013
 
In this edition:
  • Transactions
  • Industry Insights: A Conversation with Don Dodge from Google Ventures during the Mexico VC Day
  • Upcoming AMEXCAP Events
  • Recent Third Party Events
  • Upcoming Third Party Events
 
 
Transactions
  

 

Nexxus Capital Announced a US$550 Million Final Closing for its Sixth PE Fund.

Mexico City, November 20, 2013. - Nexxus Capital announced the final closing of its sixth institutional private equity fund, Nexxus Capital ("Nexxus VI"), with capital commitments of US$550 million. The Fund was oversubscribed, significantly exceeding its original target of US$400 million.

Nexxus Capital VI continues to be supported by existing and new local institutional investors and has also attracted commitments from new world-class investors from North America, Europe and the Middle East. Pension plans, sovereign wealth funds, and endowments account for the majority of the investor base.

Nexxus VI is comprised of two vehicles: (i) a Mexican public vehicle listed on the Mexican Stock Exchange (Ticker: NEXX6CK 13) and (ii) an Ontario limited partnership. Both vehicles will co-invest on a pro-rata basis according to total available resources of each vehicle. MVision Private Equity Advisers acted as lead global fundraising adviser. Santander and Citigroup acted as joint-bookrunners for the Mexican vehicle.

Nexxus Capital VI expects to make equity and equity-related investments in midsize companies primarily in Mexico, where there is an opportunity to institutionalize family or entrepreneurially owned businesses. For more information about Nexxus Capital, go to www.nexxuscapital.com

 

  

Venture Capital firm Latin Idea Ventures made its first investment in an e-commerce Start-up: Linio.

Mexico City, November 5, 2013. - Latin Idea Ventures said this week that it had made its first investment in an e-commerce company, Linio, which is a Mexican start-up that sells a wide variety of products, like Amazon.com.

Latin Idea Ventures said that they were the largest investor in a US$50 million round of financing in Linio. Latin Idea provided about half of the new money and according to the firm's managing partner, Alexander Rossi, Linio has raised about $100 million to date. Other investors in the new round, which closed last week, were JP Morgan Asset Management, Summit Partners, Investment AB Kinnevik, the Tengelmann Group and Rocket Internet of Berlin. All had also invested in prior rounds.

Linio is looking to capitalize on Amazon's struggles to gain traction in Latin America. The one-year-old Linio expects to use the capital to expand its current operations not just in Mexico, but also Peru, Colombia and Venezuela. For more information about Latin Idea Ventures, go to www.latinidea.com 

Read full article: here

Industry Insights
 

  

Summary of Don Dodge's Conference about Google Ventures - October 2013 during the Mexico VC Day in San Francisco

 

Don Dodge from Google Ventures speaks in an interactive conference with Alex Rossi, President AMEXCAP's VC Committee & Managing Partner, Latin Idea Ventures.

 

Don talks about the success of Google Ventures during its first three years of existence; how Google is their only Limited Partner and that this year they have provided Google Ventures with almost US $400 million to invest. Their main types of investments are: software, web, e-commerce, however they also invest in: life sciences, DNA sequencing, energy, etc.

 

Don proudly mentions that the uniqueness of Google Ventures is that they actively help their portfolio companies by offering free help through world class designers and recruiters. Within Google Ventures' team of 70 people: 63 members are designers, recruiters, marketing and consultants. Their other 7 members are investors; this fact reveals their focus on providing a creative imput to their portfolio companies.

 

If you'd like to find out more on Don's views regarding the factors he considers important to create a successful exit and the value that VCs add to companies, click here to read the full article.

Upcoming AMEXCAP Events
 
 

AMEXCAP's Tax Reform Roundtable

AMEXCAP organized this Tax Reform Roundtable, exclusively for its Fund Manager members to update them in the tax changes which will be applied on January 1st, 2014. 

The Firm Chevez, Ruiz, Zamarripa will deliver the conference and afterwards there will be a roundtable for questions, with the presence of the firms: Ortiz, Sosa, Ysusi y Cia; Turanzas, Bravo y Ambrosi and Chevez, Ruiz, Zamarripa.  

Date: November 25, 2013 from 8:00 - 10:30am

Location: Club de Empresarios Bosques de la Ciudad de Mexico.

Limited capacity: 50 people. 

Fund Managers who haven´t registered yet, please follow this registration link.

 

  

AMEXCAP's 9th Annual Private Equity, Venture Capital, Real Estate and Infrastructure Summit 

Please Save the Date for: March 2014

Location: Mexico City  

Stay tunned for more details.

Recent Third Party Events
  

 

IV Foro de Capital Emprendedor Edición Bajío

On November 13, NAFIN was able to bring several important players to the entrepreneurial community in the fast developing state of Queretaro. There were 12 conferences, 5 specialized consultants, an array of 13 Venture Capital funds and approximately 300 participants of the ecosystem.

AMEXCAP collaborated with NAFIN to promote the event and was present during the forum's agenda. 

 

 

INC Mty

The Mexican University Tecnológico de Monterrey, Campus Monterrey hosted a successful event aimed to find creative and innovative ideas within the Latin-American entrepreneur community. AMEXCAP was present in the Private Equity and Venture Capital panels. Over 3,000 people participated during the weekend of November 15 - 17. 

Upcoming Third Party Events
  

  

ENTREPRENEURSHIP IN LATIN AMERICA: THE INNOVATION CHALLENGE
Organized by: The Wall Street Journal 
After a presentation of an exclusive World Bank study on Latin America's state of entrepreneurship, The Wall Street Journal's Vanessa O'Connell will discuss with four Latin American entrepreneurs their successes and challenges.

OPENING REMARKS
Augusto de la Torre, Chief Economist for Latin America and the Caribbean, World Bank

MODERATOR
Vanessa O'Connell, Entrepreneurship Editor, WSJ

SPEAKERS
Bahigh Acuna, New Markets Lead, Spotify 
Jordan Condo, Public Policy, Uber, Inc.
Daniel Heise, CEO, Grupo Direct 
Lilian Simbaqueba, CEO, LiSim

WHEN: Thursday, Dec. 5, 2013 from 7:30 - 10 a.m. 
WHERE: Four Seasons Hotel, Miami Ballroom, 1435 Brickell Ave. Miami, FL 33131

For more details and registration, please visit: http://dowjones.com/wsj/la/

 

 

WeXchange, Organized by FOMIN, Multilateral Investment Fund Latin America's first pitch conference focused on women entrepreneurs  

The objective of this event is to connect LAC's female entrepreneurs to investors, mentors and experts. 

Location: UNITED STATES, Miami, Miami

Date: 12/12/2013 from 9:00am to 5:30pm 

For more information visit

http://www.wexchange.co

If you would like to share a story, please reach out.
 
Kind Regards,
 
AMEXCAP

Mexican Association of PE & VC Funds