NAVEGAR II L.P.
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
FMO has committed USD 20 mln in Navegar II LP, the second private equity fund raised by Navegar in the Philippines.
What is our funding objective?
Navegar II LP will be a sector-agnostic Philippines-focused private equity fund. The Fund will mainly focus on investing growth capital in companies that are active in the growth sectors in the Philippines, such as Food & Beverages, BPO, Tourism, Healthcare and Education, i.e sectors linked to the domestic consumer and (services) export.
Why do we fund this investment?
Through this investment FMO will contribute to the growth of the investee companies, increased employment and increased taxes paid.
What is the Environmental and Social categorization rationale?
The E&S category is B for Navegar II LP, in line with the risk profile of the prospective investments in the pipeline. Navegar will mainly focuses on health and safety issues, non-discrimination in personnel and hiring practices and good working conditions. The Fund’s ESG policy commits to the IFC Performance standards and country-specific laws.
- Region
- Asia
- Country
- Philippines
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 6/5/2019
- Effective date
- 6/27/2019
- Total FMO financing
- USD 20.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B