The Cori Capital Partners, L.P.

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Project Number: 
RG1079A-01
Expected Consideration Date by the Board: 
12/06/2001
Date Posted: 
10/30/2001
Company: 
Violy, Byorum & Partners Holdings, LLC (VB&P), CDPQ Capital International, a subsidiary of Caisse de Dépôt et Placement de Quebéc and Fenway Partners
Financing Requested: 
Sector: 
Financial Services
Location: 
Scope Objective: 
The project represents an opportunity for the IIC to participate with up to US$10MM in the form of an equity investment in The Cori Capital Partners, L.P. ("the Fund") whose aim is to invest in privately held small and medium-size Latin America companies in industries undergoing regional and/or global consolidation. The fund has a target capitalization of US$300 million. While the Fund may invest in any country in the Latin American region, the Fund will have the specific target of investing no less than 30% of its capitalization in countries that are not major markets in the region, such as Argentina, Brazil and Mexico.
Environmental Review: 
The IIC will require the Fund Manager to undertake an environmental review of each of the investee companies, including their compliance with national environmental, safety and labor laws and regulations and IIC's environmental and labor guidelines. The Fund Manager will also be instructed not to participate in category IV projects without prior IIC clearance, to provide the IIC with an annual environmental report, and to develop corrective action plans for proposed investments, if necessary.