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According to the Bank’s website, IDB Invest is considering an equity investment of up to US$5 million in TB I Holdings Ltd. ("Tembici"), registered in Cayman Islands and headquartered in Brazil, as part of the Series C equity round extension of up to~US$27 million.
The Client is the leading micro-mobility player in Latin America operating docked bike sharing programs in 4 countries and 13 cities throughout the region. In Brazil, the Company operates in Sao Paulo, Rio de Janeiro, Riviera, Salvador, Brasilia, Recife, Olinda, Jaboatao and Porto Alegre.In Argentina it covers Buenos Aires. In Colombia it operates in Bogota, and in Chile, in Santiago.
Tembici has obtained several key concessions and exclusive permits to operate which provides a strong barrier of entry. Additionally, it has secured long-term (5-15 years) contracts with sponsors and advertisers, which brings recurring and predictable cash flows. The Company's future growth plan consists in scaling within existing countries and expand to new cities, as it continues to ramp-up operations.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | TB I Holdings Ltd. (Tembici) | Client | - |
Client Contact
CONTACT NAME: Hary Herstig
POSITION: Manager of Strategy & Corporate Finance
PHONE NUMBER: Phone: (11) 99867 8866
EMAIL: hary.herstig@tembici.com
IDB Invest Contact
EMAIL: requestinformation@idbinvest.org
PHONE: +1(202)-566-4566
ADDRESS: 1350 New York Ave NW, Washington, DC 20005
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://www.iadb.org/en/access-information/information-request
ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST
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 (IDB Invest)-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 IDB Invest 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).