TMG Capital
Established in 1997 by Luiz Francisco Novelli Viana, a well known Brazilian business person, TMG Capital is a leading Brazilian Private Equity Fund that invests localy in private companies that have the potencial to consolidate its market and expand its business.
TMG believes that it is positioned to provide attractive returns to its investors and to its partners in all invested companies due to its experience, analytical capacity and investment methodology, as well as due to its deep knowledge of the Brazilian market and the vast network built over the years.
In TMG’s style of investing and business building, each company is unique and extraordinary performance demands a specific strategy and implementation plan. It is within this context that TMG utilizes its major asset, its team, formed by complementary profiles and competencies. It is also intrinsic to TMG’s approach to always work side by side with the management teams of all investee companies, always aiming for sustainable growth over the medium and long term.
TMG Capital’s first fund, TMG I, achieved a multiple of invested capital of 15x in Brazilian Reais (R$) and an internal return rate of 47% per year, without financial leverage. In US Dollars, the multiple of invested capital was of 12x with an internal return rate of 40% per year. Today, after having raised circa US$ 500 million in three funds, TMG is investing its TMG II and TMG III funds.
In 2012, TMG entered into an arrangement with IFA TMG II, whereby IFA TMG II serves as co-general partner to certain TMG funds. IFA TMG II is controlled by Sacha Lainovic. Prior to this arrangement, Sacha was a partner at TMG, providing strategic support in all phases of the investment cycle. Prior to joining TMG, Sacha was co-founder and executive vice president for 22 years at The Invus Group, a global private equity group with over US$ 4 billion of assets under management and one of the best return performances in the sector around the world.
Over Sacha’s 22 year tenure in The Invus Group, the firm made over 60 control investments. Examples of buy-out investments include The Invus Group’s US$ 735 million acquisition of Weight Watchers International from the H.J. Heinz Company in September 1999. The Invus Group invested approximately US$ 212 million of equity in the transaction and to date has realized approximately US$ 2.3 billion in total proceeds, while retaining an approximately 55% share in the company, whose current market capitalization is greater than US$ 4 billion.