50830 - Cintana

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Summary of Investment Information

Project Number

50830

Company Name

Cintana Education

Date SPI Disclosed

Apr 1, 2026

Country

World Region

Region

Global

Projected Board Date

Apr 30, 2026

Environmental Category

C - No Impact

Status

Pending Approval

Last Updated Date

Apr 1, 2026

Department

WBG People

Industry

Health, Education and Life Sciences

Sector

Colleges, Universities, and Professional Schools

Project Description

Cintana Education Holdings, LLC (Cintana or the Company) is an education management services company, helping higher education institutions worldwide achieve scale and academic excellence through long-term strategic partnerships, curriculum development, and operational support. Cintana leverages the expertise of its seasoned management team and the exclusive contract with Arizona State University (ASU) that provides access to their curriculum and student-facing technologies via a content repository and use of mark and brand. As of year-end 2025, Cintana provides services to 36 universities in 30 countries, reaching 330,000 students. The proposed Project is a $7.5 million investment in fully paid non assessable convertible preferred shares and will facilitate the expansion of higher education clients in emerging markets, including satellite campuses and greenfield universities (the Project).

Sponsor / Cost / Location

Development Impact

The Company will implement a corporate governance action plan prepared by IFC Corporate Governance team. The corporate governance action plan is intended to enhance the Company's governance ensuring transparency, accountability, and effective decision making.

IFC's Expected Role & Additionality

IFC's additionality in this Project is both financial and non-financial. Financial additionality consists of the provision of capital to support the Company in its emerging markets expansion.

Non-financial additionality is comprised of knowledge, innovation, and capacity building provided by IFC's information sharing of best practices and potential partners, and standard setting provided by supporting the Company in developing a comprehensive E&S system for its operations.

IFC's additionality in this Project is both financial and non-financial. Financial additionality consists of the provision of capital to support the Company in its emerging markets expansion. Non-financial additionality is comprised of knowledge, innovation, and capacity building provided by IFC's information sharing of best practices and potential partners, and standard setting provided by supporting the Company in developing a comprehensive E&S system for its operations.

Indicator	Metrics	Comments
Students Enrolled	individuals

E&S Category Rationale / Risks and Mitigation

This is a Category C project, according to IFC's Policy on Social and Environmental Sustainability, as IFC's environmental and social (E&S) due diligence indicates that the project presents minimal E&S risks and impacts. The Company manages E&S risks in compliance with applicable legal regulatory requirements, permit conditions, and industry norms. The Company leases office space and uses off-the-shelf equipment to provide consulting services to higher education institutions in emerging markets. While all IFC Performance Standards (PSs) are applicable to this investment, the E&S issues in this project relate to: i) life and fire safety at office spaces; and ii) labor and working conditions including policies such as prevention of sexual harassment, equal opportunity, and grievance mechanism. IFC concluded that E&S issues and risks are managed in a manner consistent with PS 1 and 2. IFC will require the Company to keep on implementing policies and procedures, especially on HR management and emergency preparedness and response, consistent with IFC's PSs and to report to IFC on any significant E&S incidents. The Company will also be required to inform IFC in the event of any changes in the nature or scope of its businesses.

Contacts

For Inquiries About the Project, Contact

Cintana
Rafael Sia
Chief Financial Officer
Emailinfo@cintana.com
info@cintana.com
1130 E University Dr #101, Tempe, AZ 85288
https://cintana.com/

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Fax: 202-974-4384

Local Access of Project Documentation

1130 E University Dr #101, Tempe, AZ 85288

IFC supports its clients in addressing environmental and social issues arising from their business activities by requiring its real sector clients to set up and administer appropriate grievance mechanisms and/or procedures to address complaints from Affected Communities in relation to environmental and social issues arising from IFC's clients' business activities. Since 2012, IFC's Financial Intermediary clients applying the Performance Standards are required to develop External Communications Mechanisms to receive and review inquiries or complaints from any interested party regarding the E&S risks and impacts of their operations.

For IFC projects that are active or under consideration, individual(s), or their authorized representative(s), who allege they have been or will be adversely affected by E&S risks or impacts arising from IFC's clients' business activities, may submit a complaint to IFC directly for consideration. When receiving an E&S complaint, IFC engages with complainants and works with its clients to find solutions to E&S concerns as quickly and efficiently as possible.

Complaints can be submitted to IFC online at www.ifc.org/escomplaints or by email to EScomplaints@ifc.org.

IFC complaint response is separate from and complementary to IFC’s clients’ project level grievance mechanisms and IFC’s Independent Accountability Mechanism (CAO). Lodging a complaint directly with IFC does not, at any time, restrict access to CAO.

Affected communities have unrestricted access to the Compliance Advisor Ombudsman (CAO), the independent accountability mechanism for IFC and MIGA. CAO facilitates the resolution of complaints related to IFC and MIGA projects and sub-projects, undertakes reviews of IFC’s and MIGA’s environmental and social compliance, fosters public accountability for their commitments, and enhances the environmental and social performance of IFC and MIGA.

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Complaints may relate to environmental and social harm regarding any aspect of the planning, implementation, or impact of a project or sub-project, and can be made by any individual, group, community, entity, or other party affected or likely to be affected by the environmental or social impacts of an IFC- or MIGA-financed business activity.

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CAO receives and addresses complaints in accordance with the CAO Policy, which can be accessed at: https://www.cao-ombudsman.org/policies-guidelines.

This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. Its purpose is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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