superreturn latam 2012: mid-market private equity in latam
TRANSCRIPT
LatAm mid-market private equity and venture capital
© 2012 Equilibrio Capital | Brasil 1 www.equilibriocapital.com
Mid-market private equity and venture capital in Latin America: Opportunities, competitive effects, and deal sourcing practices
Super Return Latin America 2012 conference 14 March 2012 Moderator: Malcolm McLelland Director – Research and Analytics Equilibrio Capital | Brasil
LatAm mid-market private equity and venture capital
© 2012 Equilibrio Capital | Brasil 2 www.equilibriocapital.com
General topics of panel discussion
Private equity and venture capital in Latin America:
1. Are the best investment opportunities in the mid-market?
2. How is increased competition for mid-market investments impacting expected returns?
3. How are innovative firms best sourcing mid-market deals?
(Audience: Please write related specific questions you are interested in now.)
LatAm mid-market private equity and venture capital
© 2012 Equilibrio Capital | Brasil 3 www.equilibriocapital.com
Panelists
Alexandre Saigh ................................. Managing Partner & Head of Private Equity
Pátria Investimentos São Paulo, Brazil
Erik Peterson ...................................... Regional Managing Partner
Aureos Latin America San Jose, Costa Rica
Jose Fernandez .................................. Partner
Stepstone Group New York and San Diego, United States
LatAm mid-market private equity and venture capital
© 2012 Equilibrio Capital | Brasil 4 www.equilibriocapital.com
Brazilian mid-market investment opportunities (circa 2012.Q1)
Q: Given continued strong economic growth and strong demand for capital in the mid-market, why are there not more viable deals being sourced and closed (in Brazil, for example)?
LatAm mid-market private equity and venture capital
© 2012 Equilibrio Capital | Brasil 5 www.equilibriocapital.com
Effects of increased mid-market investment competition
Q: How are innovative PE and VC firms mitigating competition-lowered expected returns, and how can investment fund managers evaluate such firms’ performance?
LatAm mid-market private equity and venture capital
© 2012 Equilibrio Capital | Brasil 6 www.equilibriocapital.com
Effects of superior valuation information on the ability to source-negotiate-close deals
Q: How are innovative PE and VC firms obtaining better valuation information on sourced deals, and how can investment fund managers identify such firms?
LatAm mid-market private equity and venture capital
© 2012 Equilibrio Capital | Brasil 7 www.equilibriocapital.com
Question and answers.
LatAm mid-market private equity and venture capital
© 2012 Equilibrio Capital | Brasil 8 www.equilibriocapital.com
EquilÍbrio Capital | Brasil
Equilíbrio Capital provides research-based transaction advisory services to qualified sellers and accredited buyers of mid-market firm assets, debt, and equity: