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 | |
|---|---|
| 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.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
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| Title | Document Type | Document Date |
|---|---|---|
| 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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