Estacio Growth (IFC-37292)

Countries
  • Brazil
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
Approved
Bank Risk Rating
B
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.
Borrower
Estacio Participacoes S/A.
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Education and Health
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)
$ 50.00 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
Converted using 2015-12-18 exchange rate.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 16, 2017

Disclosed by Bank Dec 18, 2015


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Project Description
This project provides funding intended to help expand a private company that owns and manages 90 campuses and 170 other learning centers. The funding will specifically go towards "modernizing" the existing campuses, building new campuses, and expand the company's "distance learning platform".
Investment Description
  • International Finance Corporation (IFC)
Contact Information
Virgilio Gibbon, CFO or Daniel Venturini, Financial Manager Estácio Participações S.A. Av. Embaixador Abelardo Bueno, 199 / 6° andar CEP 22775-040 Barra da Tijuca - Rio de Janeiro/RJ – Brasil Tel: (21) 3311-9700 Fax: (21) 3311-9722 http://www.estacioparticipacoes.com ri@estacioparticipacoes.com 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/