Kaizen Private Equity II Pte. Ltd. (ADB-53230-001)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Bangladesh
  • India
  • Myanmar
  • Philippines
  • Sri Lanka
  • Thailand
  • Vietnam
Where the impacts of the investment may be experienced.
Specific Location
Region-wide
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
  • Asian Development Bank (ADB)
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
Sep 30, 2019
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
Kaizen Private Equity II Pte. Ltd.
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 6, 2020

Disclosed by Bank Sep 30, 2019


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Project Description

According to the bank document, an equity investment of up to $5 million in Kaizen Private Equity II Private Limited (KPE II, Fund II, the Fund), a targeted $79 million private equity fund managed by Kaizen Capital Management (Kaizen Private Equity, Kaizen) that will invest in small and medium-sized enterprises (SMEs) operating in the education sector in South and Southeast Asia. 

KPE-II is a targeted $79 million regional education-sector-focused private equity fund that intends to invest in a portfolio of up to eight mostly profitable education businesses across ADB's developing member countries. Targeted subsectors include K 12 education, test preparation, preschools, online education and vocational training.

Investment Description
  • Asian Development Bank (ADB)
Private Actors
Contact Information

*There is no further information being disclosed at this stage of the project*

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main