PROJECT

Projects

Summary of Investment Information

Project Number

49169

Company Name

The Courier Guy

Date SPI Disclosed

Feb 8, 2024

Country

South Africa

Region

Africa

Projected Board Date

Mar 15, 2024

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 30, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : May 24, 2024
Signed : Jun 12, 2024
Invested : Jun 28, 2024

Sector

Growth Equity Fund

Project Description

 IFC proposes an equity co-investment in The Courier Guy (“TCG”). The co-investment will be made through a Mauritius investment vehicle alongside Adenia Fund V. TCG is South Africa’s leading courier, express, and parcel (CEP) business Company focused on last-mile logistics for customers with a nationwide footprint, offering a wide range of local courier services.                                                 

Associated Advisory Engagement

     

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation