Odata MX (IFC-45309)

Countries
  • Mexico
Geographic location where the impacts of the investment may be experienced.
Specific Location
Querétaro, Municipality El Marqués
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Dec 14, 2021
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.
Borrower
ODATA COLOCATION MEXICO S.A. DE C.V.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Communications
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Fund
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 35.00 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)
$ 62.00 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.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS May 10, 2022

Disclosed by Bank Nov 12, 2021

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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.

Odata Colocation Mexico S.A. de C.V. (“ODATA” or “the Company”), a multi-tenant data center operator, and an affiliate of an existing IFC client, Odata Brasil S.A. ODATA is. ODATA is owned by funds managed by Patria Investments, a NASDAQ-listed private equity firm focused on Latin America assets and CyrusOne, a NASDAQ-listed, US-based leading Data Center provider.IFC’s experience with ODATA SP01/2/3 (managed by the same Sponsors) in 2020 has been positive: the project resulted in successfully delivering the DCs on time and budget and has exhibited good environmental and social (E&S) performance during implementation. See disclosed ESRS for ODATA SP01/2/3 released on May 1, 2020. (https://disclosures.ifc.org/project-detail/ESRS/43487/odata-sp01-2-3). The proposed project consists of providing a senior secured debt package of up to US$35 million to support the construction of their first DC facility Mexico (the “Project”). The funds will be used to support the Company’s US$62 million project cost for the construction of a Data Center (DC-QR01) in the VYNMSA Queretaro Industrial Park, located in the Municipality El Marqués, state of Queretaro, Mexico.  At the time of the appraisal, the DC was under construction, with a progress of approximately 60 percent, with expected completion in April 2022.                                                   

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The investment type is a senior secured debt financing package up to US$35 million to Odata Colocation Mexico S.A. de C.V. 

The total Project Cost is estimated at approximately US$62 million which IFC proposes to finance with a secured debt financing package of up to US$35 million. ODATA will finance the remaining Project Cost through equity contributions.                                                 

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - ODATA COLOCATION MEXICO S.A. DE C.V. Undisclosed -
Odata Brasil SA Undisclosed - owns Pátria Investimentos Ltda Undisclosed -
ODATA COLOCATION MEXICO S.A. DE C.V. Undisclosed - has unknown relation to Odata Brasil SA Parent Company -

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.

ODATA Colocation Mexico S.A. de C.V.
Fernando Jaeger
Business Development and M&A Director
+55 11 4871 2924
fernando.jaeger@odata.com.br
Rua Joaquim Floriano 913 · 4º andar Sao Paulo 045340-00 Brazil
www.odatacolocation.com

 

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

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