British International Investment

CX Partners Fund II

IndiaSouth AsiaFinancial servicesHealthManufacturingTechnology and telecoms

This investment was made when British International Investment was named CDC Group.

Our investment

Description of the investment.

In May 2018, CDC played a pivotal role in anchoring the first close for CX Partners II.

Expected impact

Expected impact of investments made between 2012 and 2018. From 2019 onwards, we have published a fuller set of impact information, assessing each investment against six dimensions of impact.

CX will invest and create value in high quality, scalable businesses, which provide employment and on-the-job training to a significant number of unskilled and semi-skilled workers.

Reporting and Complaints Mechanism

The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to reportsandcomplaints@bii.co.uk or by mail. See more details on our Reporting and Complaints Mechanism here.

For any other general enquiries contact us at enquiries@bii.co.uk

  • Key facts
    Last updated

    When the last quarterly update of the website database occurred.

    :
    December 2024
    Project number

    An identifier number shared by investments in the same project.

    :
    D1946
    Status

    The current status of the investment (green flag for active and red flag for exited).

    :
    Active
    Region

    The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.

    :
    South Asia
    Sector

    We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.

    :
    Business and consumer services, Financial services, Health, Manufacturing, Technology and telecoms

    We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.

    For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.

    For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.

    For direct equity investments, this is the date at which British International Investment exited the investment.

    For debt investments, this is the date at which the final debt repayment was made.

    For funds, this is the date at which the fund was terminated.

    For underlying fund investments, this is the date at which the fund manager exited the investment.

    The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.

    For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.

    The currency in which the investment was made.

    Investment type :
    Fund
    Start date :
    May 2018
    Amount :
    $25m
    Currency of investment :
    USD
    Fund manager:
    CX Partners
    Domicile

    The company or investment fund’s place of incorporation.

    :
    Mauritius

    Download as PDF

    Click here to read our data guidance

Investments made by this fund into companies:

For further information about these companies, visit https://www.cxpartners.co.uk/

Investment name Country Region Sector Start date Status
Betterplace Safety Solutions Private Limited India South Asia Technology and telecoms September 2021 Active
Exotel India South Asia Technology and telecoms December 2021 Active
Gamot Api Limited India South Asia Health November 2020 Active
Indifi Technologies Pvt. Ltd. India South Asia Financial services December 2021 Active
JJG Aero Private Limited India South Asia Manufacturing June 2024 Active
Sabine Hospital & Research Centre Pvt. Ltd India South Asia Health June 2024 Active
Sapphire Foods India Limited India South Asia Business and consumer services September 2021 Exited
Thalappakatti Hotels India South Asia Business and consumer services October 2019 Active
Ujjivan Small Finance Bank Limited. India South Asia Financial services November 2019 Exited
Ummeed Housing Finance India South Asia Financial services December 2020 Active
Veeda Clinical Research India South Asia Health October 2018 Active

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