Newsletter Fifth Edition

AMEXCAP
AMEXCAP Newsletter - Exclusively for Members
FIFTH EDITION, 2012 JULY  30, 2012
 
Transactions & Headlines
  

 

 

CAF invests US$ 10 million in Mexico Ventures I, a fund of funds vehicle that was established by NAFIN and the Mexican Ministry of the Economy to support private equity and venture capital investments in Mexico. Mexico Ventures I, co-managed by CMCI (Corporación Mexicana de Capital Privado) and Sun Mountain Capital, has US$ 70 million in committed capital.  Approximately 80% of the fund's total assets will be allocated to 15 Mexican funds. Corporación Andina de Fomento (CAF), "Latin America's development bank", was established in 1970 and is comprised by fourteen private banks and by eighteen countries from Latin America, the Caribbean, and Europe (July 24, 2012).
 
Aureos Capital Invests US$ 10 million in leading Mexican clinical research organization.  The Aureos Latin America Fund (ALAF) announced an investment of US$ 10 million in a leading Mexican clinical research organization (CRO), Investigación Farmacológica y Biofarmacéutica (IFaB). IFaB is a leading Mexican based provider of outsourced research and development services to the pharmaceutical and biotechnology sectors. ALAF is a US$184 million fund established by Aureos Capital Limited, a leading small and mid-cap private equity fund manager investing in global growth markets. Aureos' Latin American operations focus on economic development by raising standards of living, creating direct employment throughout Mexico, Central America, Peru and Colombia(July 19, 2012).
 
Abraaj Capital announced completion of the acquisition of Aureos Capital creating the world's largest private equity platform in growth markets. With the consummation of this acquisition, Abraaj Capital now has approximately US$ 7.5 billion in assets under management, a presence in over 30 countries, and over 150 investments. Tom Speechley, Senior Partner at Abraaj Capital, has been appointed CEO of Aureos Capital with overall responsibility for the firm´s small and mid-cap (SMC) assets under management of US $ 1.75 billion. Mr. Vettivetpillai assumes the position of Executive Chairman of Aureos Capital and joins the Executive Committee of Abraaj Capital. All Aureos and RED Funds will continue according to their existing Fund mandates and investment guidelines and will operate under the single brand Aureos. Founded in 2002 by Arif Naqvi, Abraaj Capital was ranked the largest private equity firm in emerging markets globally by Private Equity International in 2012. The group is a signatory of the UN-backed Principles for Responsible Investment and the United Nations Global Compact. (July 24, 2012).
 
ARG, a leading Mexican leasing firm backed by private equity players Aureos Capital and Alta Growth Capital, issued US$ 37 million (MXP 500 million)  in debt (factoring) through the Mexican Stock Exchange (BMV) (June 22, 2012).
 
The Mexican Ministry of the Economy launched a US$ 22 million (MXP 300 million) "seed capital" fund. The vehicle will co-invest with established Mexican venture capital funds in promising early stage ventures operating in Mexico and in need of capital in the range of US$ 7,500 to US$ 375,000 (July 19, 2012). 
Upcoming Programs
 
  ADECAP Logo 
Private Equity Program for Executives (ADECAP), starting date: September 12, 2012. AMEXCAP, in collaboration with FOCIR and IPADE, invites you to the second edition of ADECAP at the IPADE School of Business in Mexico City. The program is targeted to directors of corporations and practitioners of the alternative assets industry in Mexico interested in sharpening their private equity executive skills. Founded in 1967, the IPADE School of Business has educated over 23,000 attendees and is Mexico's leading business school according to a ranking by the Financial Times. The School utilizes the business case method and since its inception works in collaboration with Harvard Business School and IESE Business School to promote research initiatives and improve the content of its academic programs. For more information and to register please follow this link.
Industry Insights 
 

Interviews

 

Privcap Interview: Mustafa Abdel-Wadood, CEO of Abraaj Capital, discusses how his firm has built upon its initial success in the Middle East by expanding to contiguous geographies to become a leader in emerging markets. Watch video
Industry News
 

 

 

Private Equity funds in Mexico seeking mid-sized firms (El Economista, July 30, 2012). Read
 
Mercapital invests €46M in Rubaiyat restaurant group to support its expansion in Latin America and helping the group's entrance into the Mexican market  (LAVCA, July 27, 2012). Read
 
Axtel, the telecommunications firm, seeking investors (Mexican Business Web, July 30, 2012). Read
 
Grupo Aeroportuario del Sureste SAB, the operator of airports in southern Mexico, through a unit it half-owns, won a bid to operate an airport in Puerto Rico. Aerostar Airport Holdings, owned by Mexico City-based Asur and a private equity fund known as Highstar Capital IV, will enter into a 40-year lease of Luis Munoz Marin International Airport in San Juan (Bloomberg, July 19, 2012).
 
The Mexican franchise sector registered a 12% annual growth; the sector represents 6% of the GDP in Mexico generating over 600,000 direct jobs (Mexican Business Web, July 30, 2012). Read

 

 

If you would like to share your story please reach out to rgranja@amexcap.com
 
Kind Regards,
 
AMEXCAP

Mexican Association of PE & VC Funds

Upcoming Events AMEXCAP -Sponsored & Supporting

 

 

The 4th Latin America China Investor Forum (LatinFinance), Sep 11-12, 2012, Shanghai, China
20% discount to AMEXCAP members

 

LAVCA Annual Summit and Investor Roundtable, September 12-13, 2012, New York, NY

 

20% discount to AMEXCAP members

Link to event