(Press Release) IDB Invest, the private sector institution of the Inter-American Development Bank (IDB), will invest up to MXN$450m (~US$24m) with private equity firm Capital Índigo in a debt vehicle, the Indigo 2PD fund, to provide debt financing to mid-sized Mexican companies across different sectors.
IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, signed an equity investment of up to 450 million Mexican pesos with the Indigo 2PD fund. The fund will provide financing to medium-sized companies in Mexico that have proven business models and high growth potential.
Many medium-sized companies have limited access to financing, even if they have a solid business model and good growth prospects. The objective of this operation is to support the expansion of the financing sources available for these companies, thus closing the financing gap. The investment also seeks to reinforce the growth of companies and increase job creation.
The capital contributed by IDB Invest through this transaction will be directed to companies from different sectors, especially those that operate in areas not currently served by commercial banks and that require personalized financial solutions.
As part of this investment, IDB Invest will provide technical assistance to encourage the use of energy efficiency technologies in medium-sized companies served by the fund. Additionally, the project will have assistance in the implementation of gender and corporate governance practices.
About IDB Invest
IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, is a multilateral development bank committed to supporting Latin America and the Caribbean businesses. It finances sustainable enterprises and projects to achieve financial results that maximize economic, social and environmental development for the region. With a current portfolio of $11.2 billion under management and 330 clients in 23 countries, IDB Invest works across sectors to provide innovative financial solutions and advisory services that meet the evolving demands of its clients. As of November 2017, IDB Invest is the trade name of the Inter-American Investment Corporation. www.idbinvest.org
About Capital Índigo
Indigo Capital is a private equity firm, based in Mexico City and focused on private debt investments and expansion capital in medium-sized companies. The partners and investment team have extensive experience in private investments, as well as operational, strategic and financial issues. The company has an active role in each of the investments and, along with the talent of the administrative teams of the companies in which it invests, they work in a range of initiatives focused on generating added value to the companies in their investment portfolios.