MAS Equity Partners (IIC-12050-01)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Countries
  • Colombia
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 11, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
MAS Equity Fund III L.P.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IIC website

Updated in EWS Sep 20, 2018

Disclosed by Bank Jun 7, 2017


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Project Description

The IIC is proposing an equity investment for up to US$10 million as a limited partner into MAS Equity Fund III, 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.

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. 

Investment Description
  • IDB Invest

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.

Private Actors
  • MAS Equity Fund III L.P. -- Financial Intermediary
Contact Information

No contact information provided at the time of disclosure. 

ACCOUNTABILITY MECHANISM OF IIC

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).