DCM CRT CACIB II (IFC-39675)

Regions
  • World
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
Proposed
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
Mar 1, 2018
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
RISK SHARING FACILITY CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK
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.
Ring Fence
  • No Restrictions
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank, sometimes for a specific lending purpose. A "ring fence" is another name for this specific purpose. These funds are then used for lending by the financial intermediary to client companies or individuals.
Investment Amount (USD)
$ 85.00 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 @ IFC website

Updated in EWS Sep 7, 2021

Disclosed by Bank Jan 24, 2018


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Project Description

The proposed transaction consists of up to US$85 million of un-funded IFC risk participation in an approximate US$2 billion global portfolio of predominantly emerging markets trade finance-related credit assets of Crédit Agricole CIB, the Corporate & Investment Banking arm of Crédit Agricole S.A, (“CACIB”). According to IFC,  the "risk participation will support further growth in CACIB’s trade finance and social projects in emerging markets."


Crédit Agricole CIB, the Corporate & Investment Banking arm of Crédit Agricole S.A, (“CACIB”), offers its clients worldwide a broad range of products and services in capital markets, investment banking, and commercial banking. The bank has a comprehensive and growing business franchise in many emerging markets.


The proposed transaction is expected to have a tenor of up to 5 years and consists of up to US$85 million of un-funded IFC risk participation in an approximate US$2 billion global portfolio of predominantly emerging markets trade finance-related credit assets on CACIB’s balance sheet. This risk participation will support further growth in CACIB’s trade finance and social projects in emerging markets.

Investment Description

 The proposed IFC investment is up to US$85 million in the form of an un-funded risk sharing facility.  

Financial Intermediary
Financial Intermediary: A commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actor Relationship

There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries receiving funding from the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).

The information listed below describes the relationship between the different private actors linked to high-risk sectors and subprojects of IFC and FMO's financial intermediary investments and/or the financial intermediary's parent companies made from 2017 through 2020, including any associated ring fences.

The database, however, does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries or the financial intermediary's parent companies. It only shows a seemingly financial relationship among the different private actors, the financial intermediaries, and IFC or FMO.

Private Actors Description

 CACIB, with a staff over 10,000 employees in 32 countries, is fully-owned by Crédit Agricole S.A., the second largest banking group in France in terms of total assets. CACIB is committed to sustainable finance. Since 2015, it has excluded the financing of new coal-fired plants anywhere in the world, and it is also committed to strongly contribute to the Crédit Agricole’s commitment to mobilize more than EUR 100bn in Green financing by 2020 CACIB is a leading player in the Green, Social and Sustainability Bond market: CACIB structured more than eq. US$50bn of Green, Social and Sustainability Bonds (more than 40% of 2017 international public issuances worldwide) and tops the Green, Social and Sustainability Bond league table 2017 (source : Bloomberg). It enjoys international recognition and was awarded the Overall Most Impressive Bank for Green/SRI Capital Markets  for the 4 th  year running. Likewise, CACIB contributes to the fight against climate change within the context of the five “Mainstreaming Climate Action” principles launched during the 2015 United Nations Climate Change Conference.  

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
ACS Parent Company Construction owns Dragados SA Client Construction
ACS Parent Company Construction owns Flatiron Construction Corp Client Construction
ACS Parent Company Construction owns Hochtief AG Client Construction
Advent International Corp Parent Company Construction owns Circet SAS Client Construction
Agricereales SA Parent Company Construction owns Mecatherm SA Client Construction
Akira Holding Foundation Parent Company Agriculture and Forestry owns Louis Dreyfus Co Asia Pte Ltd Client Agriculture and Forestry
Akira Holding Foundation Parent Company Agriculture and Forestry owns Louis Dreyfus Co Brasil SA Client Agriculture and Forestry
Alcedo SGR SpA Parent Company Construction owns Duplomatic MS SpA Client Construction
Amadeus IT Holding SA Parent Company Communications owns AMADEUS IT GROUP SA Client Communications
Ambienta SGR SpA Parent Company Construction owns Amutec Srl Client Construction
Apax Partners LLP Parent Company Agriculture and Forestry owns Europe Snacks Client Agriculture and Forestry
Apollon Holding AS Parent Company Construction owns Verallia France SA Client Construction
Ardian SAS Parent Company Construction owns Celli SpA Client Construction
Ardian SAS Parent Company Agriculture and Forestry owns Solina Group Client Agriculture and Forestry
Ardian SAS Parent Company Agriculture and Forestry owns Solina Group SAS Client Agriculture and Forestry
Ardian SAS Parent Company Construction owns Syclef Holding SASU Client Construction
Astorg Partners SAS Parent Company Communications owns Audiotonix Ltd Client Communications
Astorg Partners SAS Parent Company Construction owns Surfaces Technological Client Construction
Attis 2 Sas Parent Company Agriculture and Forestry owns Gascogne SA Client Agriculture and Forestry
Bain Capital LP Parent Company Construction owns Consolis SAS Client Construction
Barilla Holding SpA Parent Company Agriculture and Forestry owns Barilla G e R Fratelli SpA Client Agriculture and Forestry
BC Partners LLP Parent Company Agriculture and Forestry owns Forno d'Asolo SpA Client Agriculture and Forestry
BSA International SA Parent Company Agriculture and Forestry owns Groupe Lactalis SA Client Agriculture and Forestry
BSA SAS Parent Company Agriculture and Forestry owns Groupe Lactalis SA Client Agriculture and Forestry
BSA SAS Parent Company Agriculture and Forestry owns Parmalat Canada Client Agriculture and Forestry
BSA SAS Parent Company Agriculture and Forestry owns Parmalat SpA Client Agriculture and Forestry
Bunge Ltd Parent Company Agriculture and Forestry owns Bunge Finance Europe Client Agriculture and Forestry
Caisse Federale Credit Mutuel Parent Company Construction owns Circet SAS Client Construction
Caisse Federale Credit Mutuel Parent Company Agriculture and Forestry owns Routin Sasu Client Agriculture and Forestry
Cargill Inc Parent Company Agriculture and Forestry owns Cemoi Group Client Agriculture and Forestry
CDRSVM Acquisition Co Inc Parent Company Construction owns TruGreen Chemlawn Client Construction
Centerbridge Partners LP Parent Company Construction owns Senvion GmbH Client Construction
Charterhouse Capital Partners Parent Company Communications owns Sagemcom Broadband SAS Client Communications
Chequers Capital SA Parent Company Communications owns MTA SpA Client Communications
Chequers Capital SA Parent Company Construction owns Phoenix International SpA Client Construction
Cinven Partners LLP Parent Company Construction owns Tractel Solutions SAS Client Construction
Clayton Dubilier & Rice Hldg Parent Company Construction owns Brand Energy & Infrastructure Client Construction
Clayton Dubilier & Rice Hldg Parent Company Construction owns Brand Industrial Services Inc Client Construction
CNH Industrial NV Parent Company Construction owns CNH Global NV Client Construction
COFCO Corp Parent Company Agriculture and Forestry owns COFCO (Hong Kong) Ltd Client Agriculture and Forestry
COFCO Corp Parent Company Agriculture and Forestry owns Cofco Agri Ltd Client Agriculture and Forestry
Compagnie des Minquiers SAS Parent Company Agriculture and Forestry owns Cofigeo SA Client Agriculture and Forestry
Cosan Ltd Parent Company Agriculture and Forestry owns Usina da Barra SA(Grupo Cosan) Client Agriculture and Forestry
Direct Energie SA Parent Company Construction owns Quadran SAS Client Construction
Droege Group AG Parent Company Communications owns Also Holding AG Client Communications
Electra Private Equity PLC Parent Company Communications owns Audiotonix Ltd Client Communications
Farmers Co-operative Dairy Parent Company Agriculture and Forestry owns Agropur Cooperative Client Agriculture and Forestry
Fimave NV Parent Company Agriculture and Forestry owns Siat SA Client Agriculture and Forestry
First Pacific Co Ltd Parent Company Agriculture and Forestry owns PT Indofood Sukses Makmur Tbk Client Agriculture and Forestry
Freixenet SA Parent Company Agriculture and Forestry owns Yvon Mau(Freixenet SA) Client Agriculture and Forestry
Gardner Denver Holdings Inc Parent Company Construction owns Gardner Denver Inc Client Construction
Green Arrow Capital Ltd Parent Company Communications owns Somacis SpA Client Communications
Grupo Argos SA Parent Company Construction owns Argos N America Corp Client Construction
HDL Development SAS Parent Company Construction owns Assystem SA Client Construction
HNA Technology Co Ltd Parent Company Communications owns Ingram Micro Inc Client Communications
ICG PLC Parent Company Construction owns Gerflor SAS Client Construction
iCON Infrastructure LLP Parent Company Construction owns Oslofjord Varme AS Client Construction
IK Investment Partners Ltd Parent Company Agriculture and Forestry owns Cerelia SAS Client Agriculture and Forestry
IK Investment Partners Ltd Parent Company Communications owns EXXELIA Group Client Communications
IK Investment Partners Ltd Parent Company Agriculture and Forestry owns Mademoiselle Desserts Client Agriculture and Forestry
Ilim Holding SA Parent Company Agriculture and Forestry owns Ilim Group JSC Client Agriculture and Forestry
Imperial Brands PLC Parent Company Agriculture and Forestry owns Imperial Brands Finance PLC Client Agriculture and Forestry
InnovaFonds SAS Parent Company Construction owns Machines Pages SAS Client Construction
Janus Henderson Group PLC Parent Company Construction owns John Laing PLC Client Construction
Japan Tobacco Inc Parent Company Agriculture and Forestry owns Japan Tobacco International SA Client Agriculture and Forestry
Japan Tobacco Inc Parent Company Agriculture and Forestry owns JT International BV Client Agriculture and Forestry
KKR & Co LP Parent Company Agriculture and Forestry owns Upfield Nederland BV Client Agriculture and Forestry
L'Arche Green NV Parent Company Agriculture and Forestry owns Heineken International BV Client Agriculture and Forestry
Lagfin SCA Parent Company Agriculture and Forestry owns Davide Campari-Milano SpA Client Agriculture and Forestry
Latour Capital SAS Parent Company Construction owns Sogetrel SA Client Construction
LBO France SARL Parent Company Construction owns Gravotech Marking SAS Client Construction
Limagrain SCA Parent Company Agriculture and Forestry owns VILMORIN & CIE SA Client Agriculture and Forestry
Lopam-Fin SpA Parent Company Construction owns Ima SpA Client Construction
Maple Holdings BV Parent Company Agriculture and Forestry owns Keurig Dr Pepper Inc Client Agriculture and Forestry
MBWS Parent Company Agriculture and Forestry owns Marie Brizard et Roger Intl SA Client Agriculture and Forestry
Novafives SAS Parent Company Construction owns ECL Client Construction
Ontario Teachers' Psn Plan Brd Parent Company Communications owns MapleCo Client Communications
Orpar SA Parent Company Agriculture and Forestry owns Remy Cointreau SA Client Agriculture and Forestry
PAI Partners SAS Parent Company Construction owns M Group Services Ltd Client Construction
Partners Group Holding AG Parent Company Construction owns Ammeraal Beltech Holding BV Client Construction
Perceva Capital SAS Parent Company Agriculture and Forestry owns Furic Maree Ocealliance SAS Client Agriculture and Forestry
PM & Partners SGR SpA Parent Company Agriculture and Forestry owns Monviso SpA Client Agriculture and Forestry
Proxiserve Holding SA Parent Company Construction owns Proxiserve SA Client Construction
Pteam Srl Parent Company Construction owns Duplomatic Oleodinamica SpA Client Construction
Reggeborgh BV Parent Company Construction owns VolkerWessel Client Construction
Sappi Ltd Parent Company Agriculture and Forestry owns Sappi Papier Holding AG Client Agriculture and Forestry
Spherea Test & Svcs SAS SPV Parent Company Construction owns Spherea Test & Services SAS Client Construction
SPIE SA SPV Parent Company Construction owns Spie SA Client Construction
Suzano Papel e Celulose SA Parent Company Agriculture and Forestry owns Suzano Pulp & Paper Europe SA Client Agriculture and Forestry
Tenax Capital Ltd Parent Company Construction owns Comer Industries SpA Client Construction
There Holding BV Parent Company Communications owns Here Global Bv Client Communications
TIAA Parent Company Construction owns John Laing PLC Client Construction
Total SA Parent Company Communications owns SunPower Corp Client Communications
Triskalia SCA Parent Company Agriculture and Forestry owns Eureden SAS Client Agriculture and Forestry
Union Invivo USCA Parent Company Agriculture and Forestry owns Invivo Grp Client Agriculture and Forestry
Vinnyts'ka promyslova komp Parent Company Agriculture and Forestry owns Vioil Torgovyi Dim TOV Client Agriculture and Forestry
Weinberg Capital Partners SAS Parent Company Construction owns Financiere Climater SAS Client Construction
Westdeutsche Gipswerke Parent Company Construction owns Gebr Verwaltungsgesellschaft Client Construction
WH Group Ltd Parent Company Agriculture and Forestry owns Smithfield Foods Inc Client Agriculture and Forestry
WTI Trading Ltd Parent Company Agriculture and Forestry owns MHP SE Client Agriculture and Forestry

Contact Information

CACIB 
Credit Portfolio Management, Pascale Olivie 
Head of Structuring, Research & Asset Allocation 
12 Place des Etats-Unis, 92120 Montrouge, France 
https://www.ca-cib.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/