Www.lavca.org (c) 2010 - The Latin American Venture Capital Association Mexico PE/VC Industry Context of the Latin America Monterrey, Mexico April 2010.

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Presentation transcript:

(c) The Latin American Venture Capital Association Mexico PE/VC Industry Context of the Latin America Monterrey, Mexico April 2010 Ariel Muslera, Director of Strategy and Product Development

SCORECARD INDICATORS Laws on VC/PE fund formation and operation Tax treatment of VC/PE funds & investments Protection of minority shareholder rights Restrictions on institutional investors investing in VC/PE Protection of intellectual property rights Bankruptcy procedures/creditors' rights/partner liability Capital markets development and feasibility of exits Registration/reserve requirements on inward investments Corporate governance requirements Strength of the judicial system Perceived corruption Quality of local accounting/use of international standards Entrepreneurship 2010 LAVCA Scorecard 2(c) The Latin American Venture Capital Association 2010 Results and electronic version released TODAY, april 21 st

Total Scorecard ratings, 2006 – 2010 (Select Latin American Countries) Scorecard Results Over Time 3(c) The Latin American Venture Capital Association INT’L BENCHMARKS UK 93 Israel 81 Spain 76 Taiwan 61 SCORECARD COUNTRIES Chile 76 Brazil 75 Mexico 63 Colombia 60 Uruguay 57 Trinidad & Tobago 56 Latin America Average 55 Costa Rica 54 Peru 51 Panama 49 Argentina 43 El Salvador 43 Dominican Republic 38 Source: 2010 LAVCA – EIU Scorecard Report.

2010 LAVCA Scorecard Results Rank / Y-o-Y (scores) International Benchmarks Latin America 1 ▲3▲3 2 ↔ 3 ▼2▼2 4 ↔ 5 ↔ 6 ▲5▲5 7 ▼2▼2 8 ▲3▲3 9 ▲3▲3 10 ▼7▼7 11 ▲1▲1 12 ▲1▲1 13 ↔ =14 ▼3▼3 ▼3▼3 16 ▲5▲5 Chile, Brazil and more recently Mexico have been able to break out of the pack and get closer to the international benchmarks from more developed markets. Source: 2010 LAVCA – EIU Scorecard Report.

Mexico Scorecard Detail Best in class for each category: Mexico Score y-on-y Max. Score Countries Overall score [1] 63 ▲5 82 Laws on VC/PE fund formation and operation 2 4 BR, CH Tax treatment of VC/PE funds & investments 3 3 BR, CH, CR, SA,MX, TT, UY Protection of minority shareholder rights 3 3 BR, CH, CO, MX Restrictions on institutional investors investing in VC/PE 3 ▲1 4 BR Protection of intellectual property rights 23 CH, CR Bankruptcy procedures/creditors' rights/partner liability 2 ▲1 3 BR, CH, UY Capital markets development and feasibility of exits 2 3 BR, CH Registration/reserve requirements on inward investments 3 4 TT Corporate governance requirements 3 3 BR, CH, CO, DR, MX, PE Strength of the judicial system 2 3 CH, CR, UY Perceived corruption 13 CH, CR, UY Quality of local accounting/use of international standards 34 AR, BR, CR, SA, PE Entrepreneurship 2 3 AR, BR, CH Key: AR Argentina BRBrazil CHChile COColombia CRCosta Rica DRDomincan Rep. SASalvador MXMexico TTTrinidad & Tobago PEPeru UYUruguay Source: 2010 LAVCA – EIU Scorecard Report. Notes: 1. Total score increases may be higher/lower than individual metrics due to weighting

6(c) The Latin American Venture Capital Association To learn more about the Scorecard, and to download a full copy of the newly released report, please visit: