Company name
Ati Capital Solutions, S.A. (“Ati”) and Componentes El Orbe, S.A. (“CEO”)
Project number
12476-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Costa Rica
Sector
Manufacturing
Status
Inactive
Disclosed date
03/20/2019
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/22/2019
Approval date
N/A
Signed date
N/A
Sponsoring entity
Grupo OB
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 12,100,000
Currency
USD
Project scope and objective
The proceeds from the BID Invest loan will be used to (i) partially finance the outfitting and implementation of technological equipment and solutions for Costa Rica’s Instituto Costarricense de Acueductos y Alcantarillados ("AYA") and Poder Judicial (“PJ”) under a public tender that was awarded to CEO, Nova Technologies S.A. (“NovaTech”) and Sistemas Convergentes S.A. (“SISCON”), to be supplied by the leasing company Ati Capital Solutions S.A. and (ii) finance the acquisition of solar panels.
In operation since 2000, Ati is a Costa Rican company that mainly leases, finances, and sells technology solutions. CEO, NovaTech and SICON are related to Ati and are part of the Grupo OB. CEO has been in business since 1984 It distributes and sells IT systems and equipment, including accessories and software, as well as integral solutions, mainly in the IT sector. SISCON is a hardware and software provider specialized in Intel, Windows and Dell technology. NovaTech sells and leases recycled equipment of such leasing operations. All four companies complement each other’s core businesses and have participated in many other transactions with the public sector and with private enterprises, with great success.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesFor inquiries, comments and information requests about the project
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Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ENVIRONMENTAL AND SOCIAL REVIEW
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