📋 Tender Overview
COMPANY NAME
Lottus Education, S.A.P.I. de C.V.
PROJECT NUMBER
15189-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S CATEGORY tooltip B
COUNTRY Mexico
SECTOR Digital Economy
STATUS
Proposed
DISCLOSED DATE
02/24/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
PROJECTED BOARD DATE tooltip
N/A
APPROVAL DATE
N/A
SIGNED DATE
N/A
SPONSORING ENTITY
N/A
INVESTMENT OPERATIONS DEPARTMENT CONTACT
Corporates Division
INVESTMENT TYPE
Equity
SYNDICATED AMOUNT
N/A
FINANCING AMOUNT
USD $ 10,000,000
CURRENCY
MXN, USD
Project scope and objective
IDB Invest proposes a US$10 million equity investment in Lottus Education, S.A.P.I. de C.V. ( Lottus ), a leading higher education consolidation platform in Mexico, to finance: (i) capital expenditures in existing educational facilities; (ii) acquisitions of new facilities; and (iii) improvements to its technology platform. Through its operating brands, Lottus offers high school, undergraduate, and graduate programs, both in-person and online.Currently, Lottus serves more than 100,000 enrolled students across 45 campuses and learning centers distributed across 10 states in Mexico.
