ALAOF IV: A fund for midcaps in Latin America

Brazil Chile Colombia Mexico Peru Uruguay Multi-country Latin America and the Caribbean
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ALAOF IV, un fonds dédié aux entreprises de taille moyenne en Amérique latine
The ALAOF IV fund is dedicated to midcaps located in Latin America. It aims to strengthen the private sector in a wide range of fields, from health to energy, and including infrastructure.
Client presentation
ACON Latin America Opportunities Fund IV (ALAOF IV) is ACON Group’s 4th investment fund dedicated to Latin America. Building on over twenty years’ experience in Latin American investment, ACON has invested over USD 1bn in the region (including in the form of co-investment), via its investments in 29 companies in 10 countries. These investments focus on distribution, consumer goods, health, financial services, energy and infrastructure. ACON has offices in Mexico City, São Paulo, Bogota and Washington.
Project description
Proparco invested in the ALAOF IV fund at its third closing. It is Proparco’s second equity investment in a Latin American fund managed by ACON. The ALAOF IV fund targets midcaps in large variety of business sectors, the main ones being distribution, consumer goods, health, financial services, energy and infrastructure. The fund makes both equity and quasi-equity investments.
Project impact
This operation will contribute to private sector development in essential sectors for sustainable development in Latin America, where capital provision still remains limited. The investments targeted by the fund should maintain or create some 3,000 indirect jobs. In addition, the involvement of ACON’s management teams in the governance of the companies in their portfolios will contribute to improving their management practices, and to disseminating demanding criteria in terms of environmental and social responsibility.
01/08/2014
Date of signature of the project
Sectors
Brazil Chile Colombia Mexico Peru Uruguay Multi-country Latin America and the Caribbean
Location
Financing tool
12 099 498 Euros
Amount of funding
Loan of USD 14.7m
Financing details
ACON LATIN AMERICA OPPORTUNITIES FUND IV
Client