Carlyle wins LAVCA’s 2017 award for Brazilian investment

The US firm won for its investment in Brazilian travel and tourism company CVC Brasil Operadora e Agência de Viagens.

The Carlyle Group has taken home the 2017 Private Equity Deal category in the 2017 Latin American Private Equity Awards, according to the Latin American Private Equity & Venture Capital Association (LAVCA) and EY.

The award came in recognition of the firm’s investment in Brazilian travel and tourism company CVC Brasil Operadora e Agência de Viagens.

The 2017 Private Equity Overall ESG Deal was awarded to Aqua Capital and Geneseas, an aquaculture company based in Brazil, as announced by LAVCA president and executive director Cate Ambrose at the Responsible Investment Forum 2017 co-hosted by Private Equity International and Principles for Responsible Investment.

“By definition, private equity fund managers doing deals in emerging markets are inevitably focused on the challenges and opportunities presented by environmental, social, and governance issues,” Ambrose said in a statement announcing the winners.

Honourable mentions went to Bozano Investimentos for its investment in Brazilian horticulture retailer Hortigil Hortifruti, IGNIA Partners for its investment in eyewear retailer Ver de Verdad and Kandeo Investment Advisors for its investment in electronic appliance vendor Distribuidora Rayco.

The winners were selected by a panel of judges comprised of Latin American, American and international institutional investors such as development finance institutions, insurers, pensions and trusts. The selection was based on factors such as company transformation, internal rate of return, EBITDA growth and ESG impact.