Falck Africa SPV (IFC-36730)

  • Africa
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 30, 2015
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Falck Danmark A/S
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 22, 2017

Disclosed by Bank Sep 16, 2015

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
This project finances investments in primary and secondary health clinics and hospitals, as well as in other health projects on an opportunistic basis.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
This project involves equity financing in Falck Danmark A/S (Falck) and the Investment Fund for Developing Countries (IFU) to form a Special Purpose Vehicle investing in sub-Saharan Africa. This special purpose vehicle will invest in both minority and majority stakes in existing and greenfield companies. Falck is headquartered in Copenhagen and the main activities are to provide services aimed at preventing accidents and diseases, providing assistance in emergency situations and alleviating the after-effects. Falck’s services include among others ambulance services, firefighting services, safety training, and clinic/healthcare services. The Falck Group runs operations in 45 countries with more than 34,000 employees, and generated total revenues of approximately USD 2.1 billion in 2014. Falck will be the majority shareholder of the special purpose vehicle. IFU is a provider of capital and advisory services to Danish companies wishing to set up operations in developing countries. IFU invests on a commercial basis by committing equity capital or by providing loans or guarantees to project companies. IFU has co-invested with Danish companies in 780 companies in 89 developing countries, with committed investments totaling more than USD ~18 billion, of which IFU has contributed USD ~2 billion. IFU will be a minority shareholder of the special purpose vehicle.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Christian Bro Jansen Falck Danmark A/S Falck-Huset, Polititorvet DK-1780 Copenhagen V Denmark ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works