Newsletter 22nd Edition

AMEXCAP
AMEXCAP Newsletter - Members' Exclusive
22nd Ed., May 7th, 2014
 
In this edition:
  • Upcoming AMEXCAP Events: 

  • Mexico PE Day in New York

  • New AMEXCAP Website Features

  • LP Profile: PineBridge Investments

  • Recent Transactions

  • Industry Insights 

  • AMEXCAP in the News

  • Member and Third Party Announcements 

  • Upcoming Third Party Events



 
Upcoming AMEXCAP Events
  
 

Mexico PE Day in New York

June 5th, 2014

Location: The Westin New York Grand Central

 

Following the success of last year's event, AMEXCAP will bring a delegation of Mexican GPs, LPs, specialist service providers and policy makers to New York to discuss the opportunities and challenges for private equity investments in Mexico

 

For the second edition of Mexico PE Day, AMEXCAP expects the attendance of over 150 people coming from LPs, GPs, service providers, Mexican government officials and industry players who will discuss important topic related to private equity investments in Mexico.

 

Download the updated agenda, click here

 

Register now, click here
 
  

Accommodations in NYC

Special room rates are available for accommodation during June 4 and 5, (checkout on June 6th), in two hotels:

 

THE WESTIN NEW YORK GRAND CENTRAL

212 East 42nd Street, New York, NY 10017

Special AMEXCAP rate: $415.45 USD per night, all taxes included

 

W NEW YORK

541 Lexington Avenue, New York, NY 10022

(Located in front of the Waldorf Astoria Hotel, approximately 5-10 minute walk)

Special AMEXCAP rate: $381.03 USD per night, all taxes included

 

To enjoy these special rates, please make identify yourself as part of the MEXICAN ASSOCIATION OF PE & VC - AMEXCAP group in order to assure them of the special rate.

 

Reservations:

 

The Westin Grand Central

  • Call in reservations: 1-866-961-3782 and asking for the MEXICAN ASSOCIATION OF PE & VC - AMEXCAP group rate.

 

W NEW YORK

  • Call in reservations: 1-888-627-7191 and asking for the MEXICAN ASSOCIATION OF PE & VC - AMEXCAP group rate.
 

All reservations must be made on or before 6:00pm on May 16, 2014.

  

New AMEXCAP Website Features
     

 

Deal Flow

Members who are logged into the AMEXCAP website will be able to access the new Deal Flow section, where AMEXCAP posts the companies which approach the Association looking to attract GP's interest. Companies are divided into Project or Company type: Venture Capital, Growth, Real Estate or Infrastructure.

 

For the Deal Flow section, please click here

 

 

PE Resources

Under this new section, AMEXCAP Members will find candidates who are interested in working in the Private Equity industry in Mexico.

 

For the PE Resources section, please click here

 

In case you don't have your member's password for the AMEXCAP website, please contact Brenda Aguilar at: brenda@amexcap.com 

LP Profile
     

 

AMEXCAP interviewed Alejandro Rodriguez, Director of PineBridge Investments Mexico to learn more of their investing perspective. Alejandro shares that " PineBridge believes Mexico has evolved the most amongst Latin American peer countries. Based on the research, there has been significant growth in institutional quality managers since the late 1990's. The firm grew from tracking about 30 managers with a full or partial allocation to Mexico in 2008, to more than 70 today.

 

"The firm is seeing more investments and exits activity, which we believe are examples that current entrepreneurs, business owners, and management teams can better understand the role of private capital in their companies. In the firm's view, this trend is extremely important to increase the private equity penetration as a percentage of GDP, currently one of the lowest in the region."

 

Find out what sectors PineBridge finds attractive in Mexico and how do they work with managers to encourage best practices

 

For the full interview, click here

Recent Transactions

 

Partners Group acquires a majority stake in Fermaca, a leading provider of gas transportation infrastructure in Mexico

 

Partners Group, the global private markets investment manager, has acquired a majority stake in Fermaca on behalf of its clients from Ospraie Management in a transaction of approximately USD 750 million. The investment was made alongside management and funded through a combination of mezzanine debt and equity. Fermaca, a leading operator of gas infrastructure in Mexico, builds, owns and operates pipelines and other related energy assets in the country. The company's gas transportation customers include Mexico's largest natural energy companies. Its current pipelines are capable of shipping about 1.2bn mmbtu/day, which constitutes approximately 20% of Mexico's natural gas needs. The bulk of Fermaca's capacity is contracted under long term agreements, providing the business with stable and predictable cash flows.

 

Benefiting from the momentum generated by the recently approved Mexican Energy Reform, Partners Group and management are planning to invest and further develop the company in the coming months. Several initiatives are currently underway to grow the firms' operations in the US and in Mexico, improve its efficiency and prepare for the next growth phase of its expansion plan. New pipeline tenders are expected in the short term, to serve the industrial and the power sectors. Fermaca's know-how and track record uniquely positions it to benefit from the strong fundamentals underpinning the growth of the Mexican gas sector.

 

For more information about Fermaca please visit: www.fermaca.mx

For more information about Partners Group please visit: www.partnersgroup.com

For the full press release, click here

 
 
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Space Monkey Moves Manufacture from Shanghai to Guadalajara

 

Guadalajara, Mexico. Apr 9th, 2014.- Space Monkey today  announced that the manufacture of its 1TB cloud storage devices will move from Shanghai, China to facilities in Guadalajara, Mexico. The move enables efficiencies of communication, travel and shipping for the Utah-­based company, and is expected to lower overall manufacturing costs. In tandem, the company announced a new round of funding led by Alta Ventures Mexico, which will help fuel growth of the service Internationally.

 

Space Monkey will use this opportunity to build a strong trade partnership that will help Space Monkey achieve greater scale in delivery of their ground-breaking distributed, cooperative storage network by leveraging the expertise of Mexican manufacturing and investment focusing on Latin America.

 

About Space Monkey

Space Monkey revolutionizes the Cloud by giving consumers a device that takes the place of datacenters, making cloud storage much more efficient, faster, cheaper, and greener. With Space Monkey, consumers have a full copy of up to 1TB of files in their home for easy access and upload, with a full copy of all that data also stored in the virtual cooperative network formed globally by the devices themselves, making that data accessible and sharable from anywhere in the world, and providing a nearly indestructible backup copy to prevent data  loss. Consumers can auto-­-upload pictures and videos from mobile devices with the Space Monkey App, can upload and access files as if on their hard drive from the Space Monkey Desktop apps, and can access and upload from a web browser on any Internet­-enabled device.

For more information about Space Monkey please visit http://spacemonkey.com/tour

 

About Alta Ventures

Alta Ventures is a technology-focused venture fund targeting Mexican companies with disruptive innovations in high growth sectors such as SaaS, mobile, big data, healthcare, clean tech, consumer, non-banking financing and education. Alta Ventures Mexico was founded by Paul Ahlstrom, co-author of Nail It Then Scale It; and Rogelio de los Santos, founder of Xtreme Cinemas. Their Mexican-­US partnership has had significant impact on Mexico's entrepreneurial ecosystem. In 2010, the firm organized the  first Mexico Venture Capital Conference (www.mvcc.mx); the E|100 (www.e100.mx), a crowd-sourcing initiative to recognize and select  high-­potential entrepreneurs; iTuesday (www.ituesday.mx), a monthly technology meet-­-up as well as Kickstart Guadalaraja and Kickstart Monterrey, seed investment programs. 

For more information about Alta Ventures please visit: http://altaventures.com/

 

For the full press release, click here

 

 

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(Spanish)

MRP realiza inversión de capital en un proyecto comercial anclado por una tienda de autoservicio en la ciudad de Hermosillo Sonora

 

MRP adquirió un compromiso de inversión de capital en un proyecto comercial anclado por una tienda de autoservicio en la ciudad de Hermosillo, Sonora. 

Para más información acerca de MRP, visita: www.mrp.com.mx  

  
  

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We invite you to share your recent transactions with us:

Eduardo Santiago: esantiago@amexcap.com and Martha Terrés: mterres@amexcap.com

 

Industry Insights
 

  

LP Outlook for Emerging Markets: EMPEA's 2014 LP Survey Results

 

EMPEA analizes LP views on private equity asset class in emerging market. A total of 106 LPs headquartered across 30 countries responded to the 2014 questionnaire, revealing LP's plans for investment, which markets they view as attractive or unattractive and why.

 

Key findings:

  • 41% of LPs plan to increase the percentage of their total PE allocation targeted at emerging markets over the next two years, higher than the 32% reporting similar intentions in the 2013 survey.
  • China and Latin America (ex. Brazil): Funds have the highest return expectations among LPs, with the 61% and 56% of respondents, respectively, expecting net returns of 16% or higher for the 2013-vintage vehicles.
  • Non-BRIC markets: Retain the top three spots as the most attractive markets for GP investment for the second year in a row. Latin America (ex. Brazil) regains the lead after it was displaced by Sub-Saharan Africa in last year's survey. Southeast Asia and Sub-Saharan Africa round out the top three.
For the full survey results, click here
 
 
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Mexico Energy Reform: Where Is Clean Energy? by Bloomberg

 

Bloomberg New Energy Finance examines the changes, the open questions and the expected timeline for new legislation and regulation.

 

Where Does Renewable Energy Stand?

Mexico is the second biggest energy market in Latin America after Brazil, having attracted USD 1.5 bn in new investments to the sector in 2013. Secondary legislation is needed to clarify specific concerns regarding projects that have permits nd are under development. Additionally, the government is expected to outline a strategy to reach the 35% clean energy target by 2024 which could benefit the renewable energy development in the reformed power market. 

 
For the full report, click here
AMEXCAP in the News
     

 

(Spanish):

Noticias en los medios relacionadas con el cambio de Presidencia de AMEXCAP

 

  • Pide AMEXCAP más inversión de AFORES - El Universal
  • ¿Cohechos en Pemex? - El Economista
  • Detonarán Reformas Más Fondos - Reforma
  • Leyes que impulsen y no limiten: Ruiz Galindo - Milenio
  • Nombres, Nombres y... Nombres Ruiz Galindo en AMEXCAP por un año - El Universal
  • Bateador emergente en AMEXCAP - La Razón de México
  • Acciones y Reacciones: Nuevos Aires - El Economista
  • Nombres propios - El Financiero
  • Antonio Ruiz Galindo nuevo Presidente de la AMEXCAP - El Economista
  • Asociación de Capital Privado tiene nuevo presidente - Notimex
  • Activo Empresarial -- CFE venderá gas a usuarios finales; AMEXCAP, llega Ruiz Galindo - Excelsior
 

Para leer las notas completas, da click aqui

Member and Third Party Announcements
     

 

(Spanish):

I3 LATAM (Impulsando la Innovación de Impacto en América Latina)

La convocatoria cierra el 31 de mayo de 2014.

  

I3 LATAM es una iniciativa de la Cooperación Suiza de Desarrollo, Ashoka, Hystra y New Ventures México dirigida a promover el emprendimiento social en la región. A través de este programa deseamos encontrar a 10 emprendedores sociales latinoamericanos y convertirlos en los Casos de Éxito de la región por medio de un programa de aceleración de alto nivel.

 

Nomina emprendedores:

Si conoces a un emprendedor social latinoamericano que podría ser un caso de éxito, por favor contáctanos con él o nomínalo directamente en este formulario, da click aqui

 

Para más información, da click aqui

 

 

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Manos Angel Bootcamp

Summer 2014 Cohort will run from June 13 to August 22

Fall 2014 Cohort will run from September 12 to November 21

 

A program that trains new and seasoned investors on how to make angel investments in early stage hi-tech startups. The program is specially designed with a Silicon Valley-centric lens for those who are new to the game or would like a refresher.

 

Manos Accelerator is the first of its kind accelerator, which targets Latino entrepreneurs in the US and Latin America, moving them onto a fast track to success. Manos Accelerator is currently backed by Google for Entrepreneurs, Kapor Capital, Storm Ventures, SVG Partners, Wilson Sonsini, Novak Druce, Brightstar, among many others and are located in Downtown San Jose. Manos Angel Network is launching in order to help Manos Accelerator build a robust startup ecosystem of tech innovation and entrepreneurship within the Latino community.

 

For further information, click here

Upcoming Third Party Events
    

 

(Spanish):

The Real Estate Show 2014

13 y 14 de mayo

Centro Banamex

 

The Real Estate Show 2014 es el acontecimiento inmobiliario más importante del año, donde se reúnen los líderes de la industria para generar alianzas y nuevos negocios.

 

Precio

Del 16 de abril al 14 de mayo de 2014     $10,800 + IVA

El costo del ticket incluye: Conferencias 2 días, 2 comidas magistrales, coctel de apertura y cierre, material de apoyo digital, acceso a la expo 2 días y kit de patrocinadores.

 

VENTA DE TICKETS DE CONGRESO:

Miriam Coronado

Email: mcoronado@adi.org.mx

Teléfono: (55) 5540-3196

Teléfono: (55) 5540-3181

  

Para más información, da click aqui

  

  

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IFC's 16th Annual Global Private Equity Conference in association with EMPEA

May 12-15, 2014

The Ritz-Carlton, Washington, DC

 

Join IFC, EMPEA and 850+ delegates at EM PE Week in Washington, DC

At the Global PE Conference, over 850 key industry players, including 320+ LPs, from 60+ countries participate in thought-provoking discussions, debates and analyses around the theme of taking stock and shaping the future of emerging markets private equity.

The Main Conference Forum on 13-14 May is part of a week of events focused on emerging markets private equity (EM PE), in conjunction with the fourth annual Institutional Investors-Only Summit on 12 May and the EMPEA Fundraising Masterclass on 15 May. Featuring renowned keynote speakers, panel discussions, dynamic debates and interviews on key issues, this week in Washington, DC draws EM PE's leading fund managers, institutional investors, practitioners and government regulators.

For further information, click here