Company name
MAS Equity Fund III L.P.
Project number
12050-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country
Colombia
Sector
Financial Institutions
Status
In implementation
Disclosed date
06/07/2017
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
07/11/2017
Approval date
07/18/2017
Signed date
10/31/2017
Sponsoring entity
MAS Equity Partners G.P., LLC
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 9,936,650
Currency
COP
Project scope and objective
The IIC is proposing an equity investment for up to US$10 million as a limited partner into MAS Equity Fund III (the “Fund”), a Colombian private equity fund targeting investments in high growth companies operating in Colombia or focused in Colombia. The Fund will have a life of eight years with the possibility to extend two additional years starting April 2016.
MAS Equity Fund III is the third fund managed by the partners of MAS Equity Partners in Colombia. It is a multi-sector fund that will primarily acquire minority positions in mid-market companies with a focus on: (a) niche segments and changing demographics; (b) strong and disciplined management teams with clear vision; (c) innovative business models in segments with sustainable competitive advantages; (d) clear value creation plan and exit opportunities; and (e) businesses with potential to expand nationally and internationally. IIC’s additionality relates to the provision of equity allowing the Fund to reach a higher closing amount, provision of regional expertise, access to a regional network for the fund and its portfolio companies, and Environmental, Social And Governance (“ESG”) improvements.
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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 SUMMARY
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