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Advent Latin America. Ten years investing in the region. Advent Latin America. Key Events. 1995/96 Raised and closed LAPEF I. 1996 Opened offices in Buenos Aires and Mexico City. 1997 Opened office in Sao Paulo. 2001 Raised LAPEF II. 2005 Closed LAPEF III.
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Advent Latin America Ten years investing in the region
Advent Latin America Key Events 1995/96 Raised andclosed LAPEF I 1996 Opened offices in Buenos Aires and Mexico City 1997 Opened office inSao Paulo 2001 RaisedLAPEF II 2005Closed LAPEF III Today we are one of the largest and most experiencedprivate equity teams in the region
Advent Latin America Milestones • Lead over $700 million of investments (in 27 companies) • Currently valued at $1.3 billion • Built largest private equity team in the region • 28 people • 18 investment professionals
Advent Latin America Three Generation of Funds for Latin America LAPEF III2005 vintage$375 million LAPEF II2001 vintage$264 million LAPEF I1996 vintage$230 million
Advent Latin America Consistent Investment Strategy • Managing risks in an emerging market • Growth later stage buyouts • Cash generative businesses • Control positions • Target deals with clear trade sale potential • Disciplined pricing • Conservative use of leverage • Sector focus: Strong concentration in the services sector • Airport related services • Business services • Financial services
Advent Latin America Representative Investments in each of the Major Services Sectors * * Central Bank approval still pending