Victoria Capital Executive Revamps Brazilian Strategy in Wake of Spinof

2018-09-18T10:19:05+00:00 September 7th, 2018|United States|

September 7 - 2018 When six Brazilian investment professionals left Victoria Capital Partners late last year to form their own shop, Alexandre Dias remained behind as the sole member of the South American firm’s São Paulo team. The split has laid the groundwork for Mr. Dias to reshape Victoria’s investment approach for its Brazilian office, which historically has operated with a degree of independence from the rest of the firm. As he rebuilds the team, he is more closely aligning the office with other parts of the firm by adopting key tenets of Victoria’s broader strategy. This effort includes strengthening ties with other offices and investing for the first time in larger Brazilian companies that have the potential to expand throughout South America. “I really believe in the regional strategy,” he said. “This strategy requires convergence because, otherwise, we stay each in our country and [...]

Under pressure

2018-07-23T23:50:03+00:00 December 15th, 2017|United States|

December - 2017 By Marine Cole. CFOs of lower mid-market private equity rms are facing mounting demands on the back and middle o ce, but finding the right release valve for fund administration duties is not always so simple. Private equity chief financial is a role that seems be constantly expanding, with an egrowings list of fund administration responsibilities falling in its purview – from tax and portfolio reporting to responding to LP demands. They can no longer handle all these tasks on their own and need to choose between hiring internally or outsourcing specific functions. pfm gathered two CFOs and two fund administrators in New York in October to discuss how a CFO can address private equity fund administration in 2017. “The CFO role has evolved immensely from when I started talking to CFOs in the community 15 years ago,” says Jeff Gendel, a [...]

The Latin American private equity & venture capital association welcomes new chair

2018-04-24T20:11:52+00:00 September 25th, 2017|United States|

Record Number of Member Firms Become Active in Association in 2017 New York, September 25, 2017 –The Latin American Private Equity & Venture Capital Association (LAVCA) today announced the election of Carlos Garcia, Managing Partner of Victoria Capital Partners who has been on the LAVCA board for three years, to the position of Board Chairman. Garcia takes over for Patrice Etlin, Managing Partner of Advent International, who served as the Chairman of the Board since 2011 completing the maximum of two, three-year terms. Simultaneously, LAVCA membership reached a new record in 2017, with 190 member firms active within the organization, an increase of 50% from 125 in 2011. Members include qualified investors and industry professionals in the Latin American private capital community. “This transition comes at an important time in the evolution of LAVCA and the Latin American private capital industry,” said Cate Ambrose, President & Executive Director [...]

Ideal Invest cashes in on Brazilian students’ loans

2018-04-24T20:52:29+00:00 November 3rd, 2015|United States|

November 3 - 2015 A  deep recession might not be the most advantageous economic backdrop for a company offering student loans. But for Ideal Invest, a Brazilian student loans company that claims to be the biggest in the country’s private sector, the doldrums afflicting Latin America’s largest economy have been a boon. The reason? A much larger rival government student loan programme, known as Fies, has scaled back under a federal budget austerity programme. As access to the government programme has been tightened for students, the private sector has become more attractive. “These changes have been very good for us,” says Gabriel Haddad, finance director of Ideal Invest. The company was founded in 2001 by Oliver Mizne, a young entrepreneur who wanted to use financial markets to increase access to education for Brazil’s lower income groups. It followed the opening up of Brazilian higher education [...]

DLJ South American Partners To Spin Off As Private-Equity Firm

2018-04-24T21:02:25+00:00 August 8th, 2011|United States|

August 8 - 2011   South American Partners, an affiliate of Credit Suisse Group (CS, CSGN.VX), has decided to spin off as an independent firm once its debut private-equity fund is done with its investment period, said people familiar with the situation. The new firm will be called Victoria Capital Partners, these people said. The move by the team to become an independent group is being done in part to attain more of the profits and expand the firm. Presently, Credit Suisse owns 49% of DLJ South American Partners; the management team holds a 51% stake. It was agreed that Credit Suisse will hold a reduced stake of 24.9% in the new firm, one person familiar with the situation said. The Swiss bank invested at least $25 million in the firm's debut fund, DLJ South American Partners LP, which wrapped up at $300 million in 2008. [...]

Brazil’s Technos prices share sale within range

2018-07-24T02:05:45+00:00 June 28th, 2011|United States|

June 28 - 2011 Brazilian watchmaker Technos prices on Tuesday an initial public offering within the suggested price range, as recent turmoil in global financial markets prevented the company from fetching a higher value for its stock. The Rio de Janeiro-based company and shareholders raised a total 460 million reais ($291 million) through the sale of the 27.9 million common shares on offer at a price of 16.50 reais each, according to a filing with Brazilian securities regulators. The price came at the bottom of the suggested price tag of 16.50 reais and 20.50 reais, according to the filing. The deal comes as other IPOs this year have failed to draw strong interest from foreign investors -- traditionally the main buyers of new equity listings in Brazil -- due to growing risk aversion, the difficulty of comparing new issues with existing ones a perceived glut [...]

McDonald’s LatAm franchisee IPO raises $1.25 bln

2018-04-24T21:05:15+00:00 April 13th, 2011|United States|

April 13 - 2011 Arcos Dorados Holdings Inc, a large South American franchisee of U.S. fast-food chain McDonald's Corp (MCD.N), sold more shares than originally planned at a price above the proposed range in an IPO on Wednesday, a source familiar with the deal said. The company and its shareholders sold 73.5 million shares for $17 each, raising $1.25 billion, the source said. They had planned to sell 62.5 million shares for $13 to $15 each. "Neither one of those surprises me," said Morningstar senior restaurant analyst R.J. Hottovy. "The company warrants a premium valuation just because of its exposure to Latin American markets as a pure play on the consumer space as well as the strong brand like McDonald's." Argentina-based Arcos Dorados, which means Golden Arches in Spanish, is the largest McDonald's franchisee in terms of sales and number of restaurants, accounting for more [...]