Private Equity Investments in Latin America
Following our interview with Emmersion, we reviewed our database of private equity platform investments in Latin America over the past five years. The following sectors were the most prominent private equity investment sectors in Latin America:
Within the LatAm energy sector, about one-half were Oil & Gas and about one-quarter Renewable (solar/wind/thermal… but mostly solar). The remaining quarter were a mix of Energy Distribution, Energy Services and Pipelines.
December 2017 – Carlyle International Energy Partners invested in COG Energy (Bogota, Colombia).
COG Energy is a privately held E&P company focused on light-medium oil.
Saavi Energia is a portfolio of businesses including a 2,200 megawatts in operation with six combined-cycle gas turbine projects and a 155 megawatt wind project.
2018 – Norfund invested in PRODERSSA (Valle, Honduras). KLP Norfund Investments provided 30% of the equity, with the remainder provided by Scatec Solar and local sponsor PEMSA.
The project consists of a 59MW, fixed tilt solar plant, in the municipality of Nacaome, in the Valle Department of Honduras.
Perhaps more surprising is that education was a significant investment sector. Within education, there were investments in K-12 schools, private schools, post-secondary, universities, distance learning, workforce development and learning management software.
Universidad Insurgentes Holding S.A.P.I. de C.V. is a Mexican university that serves 23 thousand students through a network of campuses in Mexico City, Toluca and León.
DIGITAL HOUSE is a group of schools providing digital skills and technology education to students in Argentina, Brazil and Mexico.
Utel Universidad is a pure online higher education university in Mexico, targeting the middle-income segment of the population.