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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
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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
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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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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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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

N/A

PHONE NUMBER

N/A

POST OFFICE ADDRESS

N/A

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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Learn more about how we provide private-sector solutions in the region .