Capital Indigo Private Debt (IIC-12181-01)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Countries
  • Mexico
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.
Project Status
Approved
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
Nov 28, 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
Indigo 2 PD 2706/CIB
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 23.62 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 450 million
Converted using 2017-10-16 exchange rate.
Loan Amount (USD)
$ 23.62 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 Oct 16, 2017


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Project Description

The objective of the investment is to increase access to financing for Mexican medium sized firms that lack the necessary ability and capacity to tap traditional long-term sources of funding.To support this objective, the IDB Invest is proposing investing in Indigo 2 PD, a private debt fund that will provide debt financing to Mexican medium sized companies. IDB Invest will invest up to the lesser of MXN450 million or 20% of the Fund.

Additionally, IDB Invest will add strategic value to the Fund's team by participating on the Fund's shareholder committee, by promoting the use of the Women's Empowerment Tool at the Fund and portfolio levels, by providing trainings to the Fund Manager and portfolio companies on energy efficiency topics, and by having available up to three energy audits for potential portfolio companies.

 

Investment Description
  • IDB Invest

The Fund will seek to provide debt products to up to 20 mid-sized companies operating in Mexico with tickets between MXN75 million to MXN250 million. The Fund will have a life of 10 years and an investment period of up to 4 years, extendable 2 additional years.

Private Actors

Asesores Indigo Deuda Privada, S.C. is a Mexican Fund manager that is targeting to raise MXN3,500 million for Indigo 2 PD. Indigo 2 PD is a private debt fund that will provide debt financing to Mexican companies with annual revenues between MXN100 million and MXN500 million

Contact Information

Project Contact: Oscar Sanchez

Senior Associate, Indigo

Telephone: +52-55 216-70797

Email Address: osanchez@capitalindigo.mx

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).