DE MEEUW TURKEY LTD
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
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
Family company De Meeuw Groep BV, established in 1929 and located in Oirschot, is one of the top five Dutch manufacturers of adaptable temporary and modular buildings in The Netherlands and abroad. Particularly strong in healthcare, education and the corporate sector, De Meeuw has successfully started subsidiaries in Belgium, Switzerland and Romania. As of 2011, De Meeuw is active in Turkey. It entered the market through a joint venture with local partner ABC Prefabrik (established in 1998).
What is our funding objective?
The purpose of FMO's financing is the construction of a new factory in Turkey. FMO's investment will go towards the expansion of the production capacity by acquiring new machinery and acquisition/production of rental units.
Why do we fund this investment?
De Meeuw is a solid and reputable company with an extensive track record. This transaction fits well within FMO's new strategy. The development impact created will be environmentally sustianable (environmentally friendly manufacturing, materials and units), and will create jobs and generate government revenues. This project is also inclusive, as part of De Meeuw's business invovles creating access to affordable quality housing for the poorest groups of society. FMO's financing is additional, as there is no local financing available for long-term debt funding.
- Website customer/investment
- http://en.demeeuw.com/
- Region
- Europe & Central Asia
- Country
- Türkiye
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 1/2/2014
- End date
- 2/13/2017
- Total FMO financing
- EUR 4.00 MLN
- Funding
- Fund Emerging Markets
-
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+