PROJECT

Projects

Summary of Investment Information

Project Number

44176

Company Name

AUSTRALIS REVE INVESTMENTS LP

Date SPI Disclosed

Jul 1, 2020

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Jun 15, 2020

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jul 5, 2020

Department

Equity Portfolio Management

Industry

Tourism, Retail and Property

Previous Events

Approved : Jun 15, 2020
Signed : Jun 17, 2020
Invested : Jul 3, 2020

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Project Description

IFC is seeking to make an equity co-investment of up to US$15 million in Reve alongside Australis Partners. Reve Group is a leading Latin American retail and consumer foodservice company operating in Colombia, Panama and Chile. Proceeds will be used to fund working capital requirements of Reve’s operations and its continued expansion during 2020 and part of 2021                                                   

Associated Advisory Engagement

 NA                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation