Newsletter 14th Edition

AMEXCAP
AMEXCAP Newsletter - Exclusively for Members
14th Ed., June 17, 2013
 
In this edition:
  • Transactions
  • Mexico's Financial Reform 2013
  • Industry Insights
  • Webinars & events
 
 
Transactions
  

 

Gerbera Capital and Mexico Ventures, with participation from existing investors Baroda Ventures and Thayer Ventures led the closing of a Series B financing round in ID90T, a company that provides airlines a SaaS platform to automate airline employee travel programs across the globe. ID90T's clients include airlines such as Aeroflot Airlines, Alaska Airlines, Frontier Airlines, Hawaiian Airlines, Spirit Airlines and United Airlines, among others. In addition to airline ticketing, ID90T also offers tailored-to-airline-employee discounts on hotels, car rentals and travel insurance, all on the same one-stop-shop platform. ID90T will utilize its funding to expand its suite of products and services, increase sales and marketing activity and enhance its corporate positioning and marketplace presence. ID90T's CEO Mike Stacy said, "We bring airlines innovative solutions that decrease the cost of every aspect of airline employee space-available travel, while at the same time providing significant travel benefits for their employees. The response continues to be extremely positive for our products, and for our vision for the future." He concluded, "We are grateful to our clients for their support, and to all investors and advisors. We look forward to a year of dynamic growth and innovation with several new products planned for release in 2013."

 

Alonso Diaz Etienne, Managing Partner at Gerbera Capital, said, "The application of automated solutions to airline employee travel is an opportunity whose time has come and we are excited to be working with ID90T to achieve its full potential and, at the same time, help to grow the Mexican tourism industry. In bringing together investors from the United States and Mexico, ID90T has created a solid foundation to build the Company and serve the global airline industry." ID90T provides airlines around the globe a SaaS platform that automates and reduces costs associated with airline employee travel programs. It is a one-stop solution for airlines' employee travel needs: ID90T provides online ticketing for employees to fly for leisure or company business on multiple carriers and technology that allows airline employees to list on other airlines' flights. In addition, ID90T is the first company in the global airline industry to provide employee pass travel programs with the ability to seamlessly book discounted hotels and rental cars, and purchase trip insurance policies tailored to the needs of non-revenue travelers. 

 

Gerbera Capital is a Mexico based Fund and Asset Manager that is strengthening the private equity and venture capital industries in Mexico and developing additional ways to support the creation of businesses, jobs and wealth in Mexico and the United States by working with talented entrepreneurs and funding innovative companies. Gerbera is an active member of AMEXCAP. Mexico Ventures is a fund created to invest in leading innovation and entrepreneurial capital funds and direct co-investment opportunities within Mexico or with strong ties to Mexico. The goal of the Fund is substantial long-term capital appreciation for its limited partners with an anticipated derivative effect of expanding the quality and quantity of professional fund managers in Mexico (June 10, 2013).

Mexico's Financial Reform 2013
  
Analysis of the Financial Reform Initiative, by Deloitte.

 

Mexico's government on Wednesday May 8, presented a Financial Reform bill as part of the new Administration's reform agenda aiming to bolster economic expansion in a sustainable manner. Read Deloitte's analysis of the Reform which revolves on a mandate to increase competition in the banking and financial system, where the development bank and the private sector foster financial growth, all while strengthening the financial industry and regulation in the sector. Read Deloitte's full report

Industry Insights
  

Angel Resource Institute releases the 2012 Halo Report which highlights activity in the angel investing industry (May, 2013). The report shows angel investing for the year was stable with prior years. Pre money valuations for early-stage companies remained steady at $2.5M and round sizes were relatively consistent. The sectors and geographies getting funding are shifting, however, most notably with mobile and telecom companies gaining share of angel investment deals and dollars, while healthcare companies are losing share of angel investments. Companies in the Northwest and the Southwest US are gaining ground on the number of deals and total investments they receive over companies in California and New England... read the report

 

 

 

Bain & Co. Insights. Private Equity and Investors: Where is this relationship going? (May 2, 2013). Across the booms and busts of private equity's long and dynamic history, the basic terms by which general partners (GPs) and limited partners (LPs) do business have remained remarkably stable. But as we discuss in Bain & Company's Global Private Equity Report 2013, the harsher realities of raising new funds and the downward pressure on returns have given both GPs and LPs powerful incentives to try new things. The search is bringing forth intriguing variations in the PE business model...

 

Webinars & Events
 

  

Privcap webinar: Private Equity in Mexico   

 

Join a live expert discussion to learn why some believe Mexico is the greatest untapped economic opportunity in the emerging markets. Thursday, June 27, 2013, 1 p.m. EST. (free webinar). More information:link

 

Seminar on Impact Investing, presented by Universidad Anáhuac and Promotora Social México.

 

AMEXCAP members receive a 25% discount to attend this seminar which covers topics for investing in the base of the socioeconomic pyramid. The program has a duration of 96 hours... read more

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Kind Regards,
 
AMEXCAP

Mexican Association of PE & VC Funds

Upcoming AMEXCAP Events 2013 (Stay Tuned)

 

 

AMEXCAP Members Only Forum, September
 
Mexico VC Day San Francisco, October
 
Mexico PE Day London, November