Summary of Proposed Investment
Project Number
7858
Company Name
WALDEN NIKKO INDIA VENTURES CO LDC
Date SPI Disclosed
Dec 27, 1996
Country
India
Industry
other
Status
Completed
Sector
Private Equity/Venture Cap Fund - Country
Department
Equity Portfolio Management
Environmental Category
FI
Previous Events
Approved : Jun 11, 1997
Signed : Apr 30, 1998
Invested : May 8, 1998
Project Description
Summary Of Project Information (SPI)
| Project Name | India - Walden-Nikko India Ventures Co., LDC |
RegionAsia
Sector
Project No007858
Projected Board DateFebruary 11, 1997
Company NameWalden-Nikko India Ventures Co., LDC
Technical Partner and/or Major Shareholders
The project is being sponsored by the Walden International Investment Group (WIIG) and by Nikko Capital. WIIG is the international arm of the Walden Group of Venture Capital Funds, which was established in 1974 and has over US$600 million in funds under management. Nikko Capital is a Japanese venture capital company under the Nikko Securities group, one of the world’s leading capital market traders and investment dealers.
Project Cost Including proposed IFC investment
Project Cost - up to $60 million. Proposed IFC equity investment - up to $6 million.
Location of project and Description of site
Walden-Nikko India Ventures Co. LDC (WIV) will be established as a limited partnership in the Cayman Islands and will route its investments in India through a Mauritius-based subsidiary
Description of Company and Purpose of Project
WIV is a venture capital fund geared towards making investments in early stage companies, including a limited number of start-up companies and more mature, later stage companies in India. Investments will be focused on the rapidly developing information technology sector and other export-oriented industries in which India has a clear comparative advantage in the world market as well as industries that are addressing large and growing domestic markets.
Environmental Category and Issues
This is a Financial Intermediary ("FI") category project according to IFC''s environmental review procedure. WIV will be required to undertake an environmental review of all eligible investee companies'' operations. In addition, IFC will assess WIV''s capability to carry out environmental reviews of each investee company.
| Date SPI sent to PIC | December 27, 1996 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365
Sponsor / Cost / Location
Related ESRS/ERS
