Case Study

tecverde

Leading company in efficient and sustainable social housing in Brazil

See some investments previously made by our GPs *Eduardo Grytz former as Performa Investimentos

investment

Accelerating and increasing the scale of innovation and impact

Tecverde is the leading company in efficient and sustainable social housing in Brazil. Its factory is considered the most automated in Latin America, with an assembly process 4 times faster than traditional masonry (dry production process).

Its technology results in savings of up to 85% in waste, emission of 80% less CO2, use of 90% less water, and savings of up to 85% in energy. In recent years, Tecverde has achieved important milestones in product development, while building a strong track record of successful projects (more than 25,000 people served and more than 175,000 m2 already delivered).

Tecverde has been an Endeavor company since 2014 and received investments from private equity firms GEF Capital Partners and Performa Investimentos

SUCCESS CASE

THE RESULTS ACHIEVED BY THE COMPANY DURING THE INVESTMENT PHASE WERE:

RESULTS

  • Accelerating and increasing the scale of Innovation and Impact: reducing the housing deficit of almost 6 million families, to be served by the Minha Casa Minha Vida program, reducing waste (factory-controlled process), bringing efficiency to the industry (savings of 70 % of manpower), and reduction of the execution time of works from 30 to 11 months.
  • Commercial and Cash Flow Management: change in the supply model with the developers and in the financing process by Caixa Econômica Federal, efficient management of the cash flow, significantly improving the company’s ability to scale production. The new format with the construction companies increased the pipeline in a solid way in relation to previous years.
  • Product: focus on improving products and processes, managing to lower the manufacturing cost of the Minha Casa Minha Vida unit;
Commercial pipeline equivalent to

20x

company’s annual production before making the investment
Annual revenue growth of more than

100%

Exit of the investment in the company through its sale to E2E (joint venture groups Arauco and ETEC) in just over

2 years

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