PROJECT

Projects

Summary of Investment Information

Project Number

45293

Company Name

FUZI ACTIVOS, S.A.P.I. DE C.V.

Date SPI Disclosed

Dec 22, 2022

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Mar 3, 2023

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Oct 26, 2023

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Feb 24, 2023
Signed : Aug 31, 2023
Invested : Oct 24, 2023

Sector

Distressed Assets SPV

Project Description

The proposed IFC investment consists of creating a Distressed Asset Recovery Program (DARP) platform in Mexico to acquire and resolve secured and unsecured retail non-performing loan (NPL) portfolios and Real Estate Owned (REOs) by financial institutions (the Project). IFC will be partnering with Zéndere Group (Zéndere), a relevant distressed asset (DA) player in Mexico, which will service the NPL portfolios and also invest alongside IFC and other co-investor(s) in the Project.    

Associated Advisory Engagement

    

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation