Multinational Industrial Fund

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Project Number: 
Expected Consideration Date by the Board: 
Date Posted: 
Wamex, S.A.
Financing Requested: 
Financial Services
Scope Objective: 
Multinational Industrial Fund is a US$80 million Mexican private equity fund that will seek to earn long-term capital gains by investing in equity and quasi-equity securities of small and medium-sized Mexican companies entering into joint ventures with foreign companies to generate exports. The Fund will have a life of ten years.

The proposed transaction is in line with IICs developmental goals, since (i) the Fund will support the creation and expansion of small and medium-scale enterprises in Mexico without access to equity capital; (ii) it will support private investment to create joint ventures of local firms with European firms to transfer technology and promote export sales; (iii) through stock market exit it will foster democratization of capital; and (iv) the Fund will reach some fifteen final beneficiaries over its expected life; creating about 300 jobs, and contributing US$300 million to the country's GDP.
Environmental Review: 
This is a category III project according to IIC's environmental review procedures. Each investee company must comply with the environmental laws, regulations, and standards of the respective eligible jurisdictions, as well as with applicable IIC environmental policies. Each company must also be in compliance with all the occupational health, labor, and safety laws and regulations of the eligible jurisdictions. Certification will be required that investee companies sponsored by a general partner will meet all applicable laws, regulations, and policies regarding the environment and occupational health and safety.