VISION
Unleash LatAm
We strive to buy, build and operate the
next-generation of multilatinas companies
EXECUTIVE SUMMARY
Target Playgrounds
Latin Americaʼs and Argentinaʼs resilient private sector and the transformational social, political and economic resurgence
Investment Thesis
Target attractive valuations for both cash-generative, and distressed opportunities prone to agile turn around, capitalised growth and disciplined execution
Operating Model
Long-term committed capital approach to leverage dynamic market timings whilst striving for portfolio operational excellence and disciplined governance
THESIS
Thereʼs a short-term opportunity in Argentina
to acquire sizeable businesses with quick value creation potential
and serve as a platform for new-generation multilatinas portfolio of companies
LATIN AMERICA - a new playground
New economics, generations and approaches provide a new opportunity window for the region
New
Economics
Latin American countries are undergoing a fundamental reshaping of their economies – sprouting opportunities across private and public markets
New
Generations
Family-owned conglomerates are reaching generational maturity, and considering shifting their wealth and selling their companies
New
Approaches
Regional markets are increasingly open to deal-making and business practices typical of mature international investment markets
PLAYGROUND: ARGENTINA
Transition to less regulation, free markets and pro-business context creates high-return opportunities
Strategic Divestment
Aggressive and short term privatisation of
public portfolio due to operational failure
and capitalisation
Distress & Undervalue
Tactical divestments driven by
restructuring multinationals and
generational maturity of family businesses
Privatisation
Viable businesses affected by short-term
scenarios that lead to financial and
operational distress or lack of growth
STRATEGY
Focus on flexibility and rigurosity to capture opportunistic value
AGRICULTURE
MEAT PACKING
FISHERY
ENERGY
MINING
FORESTRY
TRANSPORTATION
CONSTRUCTIONE
MANUFACTURING
TECHNOLOGY
TOURISM
SERVICES
OTHERS
VALUE CREATION PLAYBOOK
Sector Agnostic
Flexible to seize high value opportunities across sectors
Target Opportunities
Privatisations, tactical divestments and undervalued assets
Mid to Small Ticket Sizes
Under-the-radar tactic in smaller but sizable value sector
Dynamic Value Creation
Financing, operational excellence and disciplined governance
OPERATING MODEL
Tailored to maximize regional dynamics and opportunities
BUY & HOLD
Durable businesses with long term value opportunities
LONG-TERM FOCUS
Durable businesses with long term value opportunities
SINGLE CAPITAL FUND
Unique capital pool to be deployed across all fund acquisitions
‘OPPORTUNISTICʼ DIVERSIFICATION
Across industries and segments, vertical and horizontal integration
TERMS
Designed to align investor and fund incentives
$ 500m
Initial Size
From investors,
no min / max
commitments
150-250m
Ticket Size
Targeting top mid cap
regional players and a 5 to
10 company portfolio
x Deal
Capitalization
Capital to be raised on a
deal by deal basis up to
the initial size established
10-15%
Manager Share
Deal x deal earned at
delivered investments for
origination and execution
0%
Fee & Interest
Management, carry from
exits – return uniquely
from appreciation
STRUCTURE
The proposed structure will allow us to:
Manage
overall risk
As a unique capital fund
and shareholding structure
will fully distribute
investment participation
Find the
right buyers
As illiquid Latin American
markets will require longer
times to find buyers at
the right valuations
Optimise
selling timing
As a longer investment
exposure will enable
divestments in the
right economic cycle
GROWTH
We will plan for an ambitious yet balanced growth trajectory
