Summary of Proposed Investment
Project Number
9703
Company Name
InverCap S.A. de C.V.
Date SPI Disclosed
Oct 25, 1999
Country
Mexico
Industry
Financial Markets
Status
Completed
Sector
Portfolio Management Company (Pension Fund, etc., except when tied to a Collective Investment Vehicle)
Department
Global Industry, Financial Markets
Environmental Category
C - No Impact
Previous Events
Approved : Dec 13, 1999
Signed : Feb 22, 2000
Invested : Mar 13, 2000
Project Description
Summary Of Project Information (SPI)
| Project Name | Mexico - Invercap |
RegionLatin America and Caribbean
Sector
Project No009703
Projected Board DateNovember 29, 1999
Company NameInvercap, S.A. de C.V.
Technical Partner and/or Major Shareholders
Invercap is privately held by a group of Mexican investors. Its largest shareholder is founder and CEO Cesar Montemayor.
Project Cost Including Proposed IFC Investment
US$1 million IFC equity investment.
Location of Project and Description of Site
Invercap''s headquarters are in Monterrey, Mexico.
Description of Company and Purpose of Project
Invercap is one of eight independent mutual fund operating companies in Mexico. It was founded in 1997, and manages several mutual funds offered to Mexican investors
The project consists of an IFC equity investment to support Invercap''s development and expansion. By supporting an independent Mexican mutual fund company, IFC will help address the need to mobilize household savings in Mexico, giving middle-class households better access to capital markets.
Environmental Category and Issues
This is a Category C project according to IFC''s environmental review procedure. No further environmental review is required.
| Date SPI sent to InfoShop | October 25, 1999 |
“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 974-4384
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