Innova Capital Partners

Innova Capital Partners
LLC
Industry Asset Management
Headquarters New York City, New York, United States
Key people
 Mukesh Prasad
(Managing Partner)
Patricia Rodriguez
(Head of Latin American Development)
Website www.innovacapitalpartners.com

Innova Capital Partners is an American investment firm, which invests in the energy, telecommunications, and infrastructure sectors. Innova is a subsidiary of The Goldman Sachs Group.

As a subsidiary of Goldman Sachs, Innova invests its own capital and operates worldwide however, the firm prefers to focus its investments in the United States, Colombia, and Mexico. Innova is headquartered in New York City, New York.[1]

History

In 2016, Goldman Sachs' revenue from Latin America increased by 50 percent and in April 2016, it announced a joint venture with Innova to develop telecommunication assets in Colombia.[2] The alliance will finance the Columbian company Golden Comunicaciones, which designs and develops mobile infrastructure, specifically with the construction of cell phone towers.[3]

In June 2016, Innova and Naspers invested $53 million in Movile, a Brazilian mobile content, food ordering, and delivery, ticketing, and logistics company.[4] In December 2017, Innova and Naspers invested an additional $82 million into the company to increase Movile's stake in iFood, a Latin American food delivery vendor.[5]

In September 2017, Innova announced its partnership with Ciel & Terre (C&T) to develop floating solar projects in Columbia. Innova will operate as a developer and investor while C&T will provide the PV technology.[6]

References

  1. ↑ "Company Overview of Innova Capital Partners, LLC". Bloomberg. Bloomberg. Retrieved 13 January 2018.
  2. ↑ Campbell, Dakin; Lucchesi, Cristiane (December 1, 2016). "Goldman Revenue Jumps 50% in Latin America as Hedging Picks Up". Bloomberg Quint. Retrieved 13 January 2018.
  3. ↑ Suárez, Juan Felipe Sierra (April 7, 2016). "Inversión extranjera a empresa colombiana". El Colombiano. Retrieved 13 January 2018.
  4. ↑ Thees, Anderson (September 15, 2017). "Corporate venture in Brazil gains steam as giants amp up startup investments". Tech Crunch. Retrieved 13 January 2018.
  5. ↑ Shieber, Jonathan (December 7, 2017). "Naspers, Innova Capital invest $82 million more for Movile's iFood delivery business". Tech Crunch. Retrieved 13 January 2018.
  6. ↑ Kenning, Tom (September 27, 2017). "Ciel & Terre and Innova Capital to develop floating solar in Colombia". PV Tech. Retrieved 13 January 2018.
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