IFC, AMC and Bertelsmann Back Corporate Training Company Affero Lab (Latin America)
Source: International Finance Corporation, Bertelsmann
International Finance Corporation (IFC), a development finance institution, IFC Asset Management Company (AMC), a wholly-owned subsidiary of IFC, and Bertelsmann, a global media, services and education company, have invested in Brazil-based corporate training company Affero Lab. AMC’s investment was structured though IFC African, Latin American, and Caribbean Fund. Post-transaction, Bertelsmann will hold more than 40 percent of the company, while IFC and AMC will hold more than 30 percent between them. Financial details of the transaction were not disclosed.