KOPPERT BEHEER B.V.
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Koppert Beheer B.V. (“Koppert”) initially started as a cucumber grower in 1967. Today it is the international market leader in the field of biological crop protection and natural pollination. The family company is well known internationally for its reliability, innovation and the quality of its products. Koppert supplies to customers in 80 countries and employs approximately 1,000 people worldwide. It has research, sales and/or production facilities in, among others, England, Slovakia, Spain, Turkey, Mexico, Kenya, China and Brazil.
What is our funding objective?
Koppert believes that with an annual average global market growth of 15-20%, investing in emerging markets is essential. Part of this plan is the 100% acquisition of the Brazilian Itaforte Bioprodutos LTDA (“Itaforte”) through Koppert’s subsidiary in Brazil, “Koppert do Brasil”. This new investment will ensure smooth market entry, a solid market share and acquisition of the required registrations for products. The FOM credit facility was used to purchase Itaforte shares.
Why do we fund this investment?
The acquisition of Itaforte supports Koppert’s ambition to expand its activities in developing markets. Moreover, Koppert’s presence in Brazil is expected to have high development impact in terms of the transfer of knowledge and technology. FOM’s credit facility filled a financing gap, as local long-term debt funding is unavailable to the agricultural sector. In addition to this, FMO and Koppert worked together to improve Itaforte’s working environment by, for example, adding external security personnel and by providing English language classes to staff members.
More investments
| Date | Total FMO financing |
|---|---|
| 6/14/2018 | EUR 1.50 MLN |
| 6/14/2018 | EUR 1.40 MLN |
- Website customer/investment
- http://www.koppert.nl/
- Country
- Global
- Sector
- Agribusiness, Food & Water
- Effective date
- 5/25/2012
- End date
- 6/14/2018
- Total FMO financing
- EUR 3.10 MLN
- Funding
- Fund Emerging Markets
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B