fbpx 53230-001: Kaizen Private Equity II Pte. Ltd. | Asian Development Bank

Regional: Kaizen Private Equity II Pte. Ltd.

Nonsovereign (Private) Project | 53230-001 Status: Approved

An equity investment of up to $5 million in Kaizen Private Equity II Private Limited (_KPE II_, _Fund II_, the _Fund_), a targeted $79 million private equity fund managed by Kaizen Capital Management (_Kaizen Private Equity_, _Kaizen_) that will invest in small and medium-sized enterprises (SMEs) operating in the education sector in South and Southeast Asia.

Project Details

Project Officer
Mahmud, Farshed Private Sector Operations Department Request for information
Country
  • Regional
Sector
  • Finance
 
Project Name Kaizen Private Equity II Pte. Ltd.
Project Number 53230-001
Borrower/Company Kaizen Private Equity II Pte. Ltd.
Country Regional
Bangladesh
India
Myanmar
Philippines
Sri Lanka
Thailand
Viet Nam
Location Bangladesh - Nation-wide; India - Nation-wide; Myanmar - Nation-wide; Philippines - Nation-wide; Sri Lanka - Nation-wide; Thailand - Nation-wide; Viet Nam - Nation-wide
Type or Modality of Assistance
Equity Ordinary capital resources USD 5.00 million Approved
Strategic Agendas Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Education / Education sector development

Finance / Infrastructure finance and investment funds

Gender Equity and Mainstreaming Effective gender mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Investment Funds & Special Initiatives Div
Responsible ADB Officer Mahmud, Farshed
Project Sponsor(s)
Description An equity investment of up to $5 million in Kaizen Private Equity II Private Limited (_KPE II_, _Fund II_, the _Fund_), a targeted $79 million private equity fund managed by Kaizen Capital Management (_Kaizen Private Equity_, _Kaizen_) that will invest in small and medium-sized enterprises (SMEs) operating in the education sector in South and Southeast Asia.
Objectives and Scope KPE-II is a targeted $79 million regional education-sector-focused private equity fund that intends to invest in a portfolio of up to eight mostly profitable education businesses across ADB's developing member countries. Targeted subsectors include K 12 education, test preparation, preschools, online education and vocational training.
Linkage to Country/Regional Strategy The proposed investment is consistent with ADB's Strategy 2030 in supporting two of the seven key operations priorities: (i) addressing remaining poverty and reducing inequalities, and (ii) accelerating progress in gender equality. The project further contributes to ADB's objectives under Strategy 2030: (i) expanding private sector operations to reach one-third of its total operations by 2024, and (ii) diversifying private sector operations beyond the infrastructure sector.
Safeguard Categories
Environment FI
Involuntary Resettlement FI
Indigenous Peoples FI
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 19 Jul 2019
Credit Committee Meeting 18 Sep 2019
Approval 25 Sep 2019
Last PDS Update 08 Oct 2019

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