23860 - Carlyle Mexico Partners, L.P.

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Summary of Proposed Investment

Project Number

23860

Company Name

CARLYLE MEXICO PARTNERS, L.P.

Date SPI Disclosed

May 31, 2005

Country

Mexico

Industry

other

Projected Board Date

Jul 8, 2005

Status

Completed

Sector

Private Equity/Venture Cap Fund - Country

Department

Equity Portfolio Management

Environmental Category

Previous Events

Approved : Sep 12, 2005
Signed : Nov 17, 2005
Invested : Nov 29, 2005

Project Description

A proposed IFC investment of $20 million in Carlyle Mexico Partners, L.P. (“Carlyle Mexico”) a private equity fund with target commitments of $250 million. The Fund is sponsored by The Carlyle Group (“Carlyle”) to invest in buyout or other private equity opportunities in Mexico and in U.S. companies that have a significant Hispanic customer base or cross-border initiatives. The Fund will target medium and large companies. The Fund expects to make 5-8 investments of between $20-50 million, acquiring controlling or significant minority stakes.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan
Equity	20.0

Development Impact

The Fund is expected to produce development impacts by: - Supporting a top tier manager’s entry into a new country thus supporting the development of private equity in Mexico. - Providing capital to companies and value added by introducing Mexican enterprises to best practices. - Supporting adequate corporate governance practices. The Fund will focus on institutionalizing companies, improving transparency, improving management or financial systems and positioning the companies as market leaders. IFC role: Catalytic Role: IFC’s participation is expected to attract other investors to the Fund. Support private equity in Mexico: Private equity in Mexico has endured three years of slow fund raising in the region and is now emerging from this drought in capital raised which increases the importance of each new fund raised.

This is a category FI Type 2 project according to IFC’s Environmental and Social Review Procedure. As such, the management team will be required to commit:

- to undertake an environmental and social review of each sub-project;
- require all sub-projects to be carried out and operated in compliance with applicable host country environmental; health and safety requirements, in accordance with IFC safeguard policies and consistent with IFC''s Exclusion List;
- require that Category A sub-projects meet the World Bank Group’s applicable environmental, health and safety guidelines; and
- obtain IFC’s clearance prior to making any Category A investment.

The sponsor''s capacity to manage environmental and social issues will be evaluated by IFC.
Location of environmental documents in locally affected community

Contacts

For Inquiries About the Project, Contact

The Carlyle Group Christopher Ullman Vice President, Corporate Communications 1001 Pennsylvania Avenue, N.W. Washington, DC 2004-2505

This Summary of Project Information (SPI) is prepared and distributed to the public in advance of the IFC Board of Directors' consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC's activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only. The following SPI is disclosed in accordance with IFC's Disclosure of Information Policy that went into effect September 1998.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

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