Apr 12, 2014 (LBO) - International Finance Corporation, a World Bank arm said it will invest 10 million US dollars in Emerald Sri Lanka Fund I, a 50 million US dollar private equity fund focused on the island.
The fund will be run NDB Zephyr Partners, a joint venture between by New York based Zephyr Management and Colombo base NDB Bank group.
Emerald Sri Lanka Fund I Limited will invest in small and mid-sized businesses seeking growth.
"The Fund will take significant minority stakes in 10-12 well run companies," IFC said in a disclosure.
"The Fund will add value by providing support and expertise on capital structures, financial reporting, business development, management development, corporate governance, strategy etc. to the portfolio companies."
The fund will be run NDB Zephyr Partners, a joint venture between by New York based Zephyr Management and Colombo base NDB Bank group.
Emerald Sri Lanka Fund I Limited will invest in small and mid-sized businesses seeking growth.
"The Fund will take significant minority stakes in 10-12 well run companies," IFC said in a disclosure.
"The Fund will add value by providing support and expertise on capital structures, financial reporting, business development, management development, corporate governance, strategy etc. to the portfolio companies."
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