Original disclosure @ IFC website
Updated in EWS Nov 22, 2020
Disclosed by Bank Oct 29, 2020
Can you contribute information about this project?
Contact the EWS Team
According to IFC website, the Lombard Asia V is a generalist growth capital PE fund focused on Thailand and the Mekong region (Myanmar, Cambodia, Laos and Vietnam, CLMV). The target fund size is US$200-250 million with a target investment ticket size of US$10-30 million across 10-13 investee companies for significant minority stakes. Sectors in which Lombard has been active historically include retail, consumer products, healthcare, education, financial services, telecommunications and media, logistics and automotive parts.
Expected development impacts include:
i) Access to growth capital for investee companies
ii) Increased investee growth
iii) Deepening private equity markets in Thailand and the Mekong region
The target size of the Fund is US$200-250 million. IFC’s proposed investment in the Fund is an equity investment of up to US$30 million, and a delegated authority co-investment envelope for a further potential US$30 million in co-investments in the Fund’s portfolio companies.
Lombard Asia V, L.P.
Pote Videt, Co-Chairman
+662 685 3599
10/F, CRC Tower (All Seasons Place) 87/2 Wireless Road Lumpini, Phathumwan Bangkok 10330 Thailand
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
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