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Partnering With Latin American Entrepreneurs (Privcap video)
Private equity is increasingly seen as an “accelerator of institutionalization” and avenue for wealth creation in Latin America, according to Philip Bass of Ernst & Young, Arturo Saval of Nexxus Capital and Scott Voss of HarbourVest Partners
While many owners of Latin American businesses are “very good salesmen,” according to Mexico City-based Saval, many of their companies lack enough organization, rigor and transparency to make them “market ready” for an IPO of other similarly transformative transaction. Topics discussed include how private equity firms work hand in hand with entrepreneurs to create value, the sometimes-challenging family business dynamics that private equity firms must deal with, the importance of alignment of interest and shared vision, and why the experts remain bullish on the future of Latin America.
View the full video here - http://www.privcap.com/
Scott Voss is a managing director who joined HarbourVest in 1999. He transferred to the Firm's Hong Kong-based subsidiary in 2011 to complement the primary partnership team's venture, cleantech, and developing Asia capabilities. He has also focused on primary partnership investments in the U.S. and Latin America and collaborated with the secondary team on several investment opportunities. Scott serves on several advisory boards, including funds managed by Advent International (Latin America), Bain Capital Ventures, Braemar Energy Ventures, Doll Capital Management, Draper Fisher Jurvetson, Element Management, Insight Venture Partners, Linzor Capital Partners, Madison Dearborn Partners, Pfingsten Partners, and Southern Cross Capital Management.
His prior experience includes managing international sales and distribution for Cannondale Corporation, a leading manufacturer of bicycles and cycling accessories, where he had direct oversight of the company's wholly-owned Asia subsidiaries and its network of independent distributors in the region.
Scott received a BS (cum laude) in Marketing from Bryant College in 1992 and an MBA (cum laude) from Babson College in 1999.
Ernst & Young
Philip has more than 30 years of financial, tax and transactions experience working with both private equity funds and large multinational corporations. Philip is part of the Global Private Equity leadership team and serves as Ernst & Young’s Global Private Equity Markets Leader, where he develops and executes the firm’s private equity strategy. In this role, he is responsible for identifying value creation strategies that are relevant to private equity, developing the go-to-market strategy, and, ultimately, driving the execution of these across our private equity priority accounts. Philip is also responsible for leading the firm’s focus on emerging markets for private equity. Teaming with EMPEA, he leads the current study on private equity exits, “How do Private Equity Investors Create Value” that is being launched in Latin America in 2012.
Arturo José Saval Pérez has been Senior Partner of Nexxus Capital since 1998. Saval has 28 years of experience in the private capital, investment and commercial banking and has participated in numerous debt operations, and of public and private capital, as well as multiple financial consultancies. Prior to joining Nexxus, he occupied various positions in Grupo Financiero Santander SAB de CV.
Prior to this, he served in senior positions in international, corporate, investment banking departments in Corporative GBM SAB de CV, Grupo Financiero Interacciones SA de CV and Grupo Financiero Serfin SA de CV. Saval serves as a Member of the Administration Board of Nexxus Capital Desarrolladora de Casas del Noroeste SA de CV. (a subsidiary of Desarrolladora Homex SAB de CV), Genomma Lab Internacional SAB de CV, Harmon Hall Holding SA de CV, Credito Real SA de CV. SOFOM, E.N.R., Diagnósticos de México, Diamex, S.A. de C.V. and Grupo Hotelero Santa Fe, S. de R.L.
He has been a Director at Grupo Sports World, S.A.B. de C.V since 2005. He serves as a Director of Nexxus Capital. He serves as a Member of the investment committees of ZN Mexico Trust, Nexxus II, Nexxus Capital Private Equity Fund III, L.P. and Nexxus Capital IV. Mr. Saval graduated with a degree in industrial engineering from the Universidad Iberoamericana, with a post-graduate degree in Financial Analysis from the University of Michigan, as well as a Diploma from the Monterrey Institute of Technology and Higher Education.