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 Name | Kaizen Private Equity II Pte. Ltd. | |||||
Project Number | 53230-001 | |||||
Borrower/Company | Kaizen Private Equity II Pte. Ltd. |
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Country | Regional Bangladesh India Myanmar Philippines Sri Lanka Thailand Viet Nam |
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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 |
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Strategic Agendas | Inclusive economic growth |
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Drivers of Change | Partnerships Private sector development |
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Sector / Subsector |
Education / Education sector development Finance / Infrastructure finance and investment funds |
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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 | |
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Environment | FI |
Involuntary Resettlement | FI |
Indigenous Peoples | FI |
Summary of Environmental and Social Aspects | |
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Environmental Aspects | |
Involuntary Resettlement | |
Indigenous Peoples | |
Stakeholder Communication, Participation, and Consultation |
Timetable for assistance design, processing and implementation | |
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Concept Clearance | 19 Jul 2019 |
Credit Committee Meeting | 18 Sep 2019 |
Approval | 25 Sep 2019 |
Last PDS Update | 08 Oct 2019 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
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Title | Document Type | Document Date |
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Proposed Equity Investment in Kaizen Private Equity II Pte. Ltd.: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Sep 2019 |
Kaizen Private Equity II Private Limited: FAST Report | Faster Approach to Small Nonsovereign Transactions | Sep 2019 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
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