We make money for our investors. Since inception, our exits have delivered an overall IRR in local currency of 21.9%. The range is 16-22% and 1.5-1.9x cash (depending on FX effects). We have achieved these figures thanks to a variety of successful exits, including to trade buyers and other private equity buyers.
Integral Mexico is an MFI serving micro and small entrepreneurs in the Mexican state of Chiapas. After five years, Bamboo identified a buyer for the whole operation and exited in 2014 for $3m, with a USD IRR of 27% (net of capital gains tax) and a cash multiple of 2.4x
But at Bamboo we do more than make good financial returns. Our wider impact is typically a combination of economic, social and environmental results. We have already helped to create 25,000 jobs through our investee companies, and improved 25 million lives.
Greenlight Planet (India) focuses on cost-effective solutions to rural energy problems through well-designed solar products, coupled with a robust sales force model that is able to reach remote village areas. It has already reached 6 million+ off-grid households in 54 countries, created 6,000+ micro-entrepreneurs and 100+ strategic partnerships. As a result of its products, 25% of users claim an increase in household income, there are 9m tons less CO2 pollution per year and 10,000+ deadly house fires have been prevented.
So it’s no surprise that the highly respected GIIRS (Global Impact Investing Rating System) ranked us in the top 5 impact fund managers in 2013, 2014 and 2015.