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

2021-09-24T01:39:27-03:00 September 25th, 2017|Estados Unidos|

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 [...]

The 30 Colombian companies with the best goodwill

2021-09-24T01:39:12-03:00 September 24th, 2017|Colombia|

September 24 - 2017 Goodwill began to be used as a financial and accounting term, equivalent to extra value or overprice, number of times the book value for which a corporation, a project, a brand or an idea could be sold. In Colombia, 2WAY is the goodwill consulting firm which classifies the companies depending on six pillars that they have established to determine how well positioned these are in the ranking designed by them. “In this sense and in order to be more objective and accurate, we designed an innovative scheme which breaks down the six great dimensions that make up this important asset: strength and trajectory, value proposition, talent and wellbeing, corporate social responsibility (CSR) and sustainability, innovation and leadership and ethics and transparency”, explained Jose Maria De Guzman, senior partner of 2WAY. “Each one of these dimensions represents one or more axes of [...]

Carlos Enrique Moreno continues as president of the Corona Organization and Jaime Alberto Angel takes on the presidency of Corona Industrial

2020-07-22T18:20:59-03:00 August 24th, 2017|Colombia|

August 24 - 2017 After more than six years as the president of the Corona Organization and Corona Industrial, Carlos Enrique Moreno Mejia resigns from the latter and continues as President of the Corona Organization, parent company of Corona Industrial and Sodimac Colombia and owner of its share in Falabella de Colombia and Banco Falabella. - Following a structured process of succession inside Corona Industrial, its Board of Directors has decided to appoint as the new President of the company, effective from October, Jaime Alberto Angel Mejia, current Vice-president of the Industrial Supplies and Energy Division of Corona Industrial. - the performance report of Carlos Enrique Moreno includes the expansion and diversification of the company, an important commitment to the productive transformation of the operations, the development of human talent, the consolidation of a culture of innovation in processes and products, working for the protection of the [...]

Corona divides leadership to respond to the challenges of its industry

2020-07-22T18:21:01-03:00 August 24th, 2017|Colombia|

August 24 - 2017 For six years, the Corona Organization, one of the most important conglomerates of the country, had been planning a succession in the leadership of the division in charge of its iconic household and construction products. Yesterday they finally announced that Carlos Enrique Moreno will continue as President of the holding, but he won’t be the head of Corona Industrial anymore, where he will be succeeded by Jaime Alberto Angel from October. Corona Industrial is made up by four business divisions: bathrooms and kitchens; surfaces, materials and paints; industrial supplies and energy management; and the fourth one is tableware. But, there are also the Corona Stores and a commercial division. In this moment, they are investing 400 million dollars in a cement plant. The Corona Organization, for its part, is its parent company, as well as of Sodimac Colombia and it holds [...]

Victoria Capital Partners announces significant growth capital investment in Oncólogos del Occidente

2020-07-22T18:20:59-03:00 June 26th, 2017|Colombia|

June 26 - 2017 V Victoria Capital Partners (“VCP”) announced today a significant growth capital investment in Oncólogos del Occidente (“ODO”), Colombia’s largest privately-held provider of comprehensive cancer treatment, acquiring a controlling stake in ODO. As part of the transaction, Victoria also made a capital injection in ODO that will be used to support and accelerate ODO’s continued growth in Colombia through the development of three new integrated cancer treatment centers. This capital injection will be used to strengthen the capital structure of the company and support its current growth plan, aiming at doubling its size over the next four years. Simultaneously, VCP acquired a block of additional shares from the ODO shareholders. As a result, Victoria will be ODO’s controlling shareholder, with the founders continuing as minority shareholders focused on serving patients. Specific terms of the transaction were not disclosed. Ricardo Vazquez, Partner of VCP in [...]

The new pharmaceutical bet of Omilton Visconde Jr.

2020-07-22T18:21:00-03:00 May 8th, 2017|Brasil|

May 07 - 2017 Son of the founder of Biosintética laboratory, Omilton Visconde Junior is known in the pharmaceutical industry for his ability to make money by setting up or buying companies that, after expanding, are sold at high multiples. This rationale guides his new bet, Cellera Farma, which is born in partnership with fund Victoria Capital Partners and has a R$400 million investment plan in four years. In five or six years, when the annual revenue is around R$500 million, which would put Cellera in the group of medium-sized pharmaceutical companies, the goal is to sell the operation to a US or European laboratory that wants to enter the Brazilian market. Or allowing the exit of the private-equity fund, which now has an 85% stake bought through an IPO. This was the case with Biosintética, sold by Mr. Visconde Junior in 2005 to Aché [...]

La planta de cemento que tendrá Corona

2021-09-24T01:37:37-03:00 January 11th, 2017|Colombia|

January 11 - 2017 La compañía, reconocida por el negocio de sanitarios, comenzó la edificación de su nuevo negocio, con el que espera atender la construcción de la infraestructura de cuarta generación o 4G. Jaime Ángel, gerente de Suministros de Colombia (Sumicol), empresa del Grupo Corona, la organización que tiene más de 14.000 empleados y 29 plantas –19 de ellas en Colombia, tres en Estados Unidos, tres en Centroamérica, tres en México y una en Bras il–, cuenta los detalles del inicio de la obra de la planta de cemento, el nuevo negocio, en la que se invertirán US$400 millones y con la que se planea elevar esos $6 billones en ingresos consolidados que obtiene el grupo empresarial. ¿Ya comenzó la construcción de la planta de cemento? Hicimos una alianza con el Grupo Mollins, de España, para entrar en el negocio del cemento en Colombia, [...]

Grobocopatel handed over control of the Company to an international group

2020-07-22T18:21:03-03:00 November 18th, 2016|Argentina|

November 18  - 2016 Victoria Capital Partners led the investment group making a capital injection of US$ 100 million in Los Grobo together with the IFC, a Dutch fund and the University of Texas’ fund; keeps between 70-75% of equity stake. And Grobocopatel, seated, with García and Santiago Cotter. Photo: Santiago Filipuzzi A global investment group takes control of Los Grobo, the company led by businessman Gustavo Grobocopatel. This is the first international investment in a local agribusiness company during the Macri Administration. Los Grobo, with annual revenues of US$ 550 million, 1,8 million tons of grain origination, 50,000 production hectares and US$ 130 million in sales from its agrochemicals division Agrofina, plans to double its size in the next 4 years. Along these lines, yesterday at 4am, at a law firm where at some point during the night they run out of toner given [...]

Former Peñaflor owners invest in Grupo Los Grobo

2020-07-22T18:21:04-03:00 November 18th, 2016|Argentina|

November 18 - 2016 It’s the VCP Fund, led by Carlos García, former CEO of the winery from Mendoza, which will invest close to US$100 million to participate in the Grobocopatel family’s company. by MANUEL PARERA Grupo Los Grobo, controlling company of Los Grobo Agropecuaria, informed in a press release that it has entered into an agreement with the fund VSAP Agriservices L.P., for a possible share subscription of the agribusiness holding controlled by the "soybean king". This confirms the intention expressed by Gustavo Grobocopatel, who had already mentioned that he was looking for a new investor who could contribute cash to capitalize its businesses and develop investment opportunities in one of the main agribusiness companies in the country. Even though the Company preferred not to comment (apart from the press release that it sent to the Comisión Nacional de Valores-CNV), and they did not [...]

Los Grobo sells 75 percent of its equity to the fund Victoria Capital

2020-07-22T18:21:05-03:00 November 18th, 2016|Argentina|

November 18 - 2016 After a year of stormy negotiations, when they decided to sign the agreement at exactly 3am, the printer failed. What seemed impossible, happened: they run out of toner. The transaction that changed the history of Los Grobo Group, one of the main agribusiness players, was finalized hours later. In this context, Victoria Capital Partners makes a capital injection of US$ 100 million into the Company. Furthermore, for an undisclosed amount, it buys 75% of the Company which has annual revenues of US$ 550 million, 700 employees, 50,000 hectares of crops, ventured into agrochemicals with Agrofina, leads the precision agriculture with Frontec in association with INVAP, produces seeds and even offers financial services through a mutual credit guarantee company. Victoria Capital acquires the stock that was still owned by the Brazilian Vinci group and by Gabriela and Andrea Grobocopatel. Gustavo and his [...]