TAKURA II FEEDER.
Status: Approved investmentWhy disclosure?
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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
Takura II is a generalist private equity fund making investments in small- and medium-sized enterprises in Zimbabwe and, opportunistically, in pre-/transition economies of Southern Africa.
What is our funding objective?
The fund expects to make 10-15 investments between US$3-7.5 million in various sectors with a special focus on agri-business/processing, fast moving consumer goods, ICT, health/pharmaceuticals, mining services and tourism. In addition to providing capital, the fund will also provide valuable intellectual capital, particularly in finance and reporting, as well as environmental, social and governance frameworks.
Why do we fund this investment?
The investment has high development impact, supporting a first-time fund manager in a frontier market, making investments in small- and medium-sized enterprises that will in turn create jobs, prosperity and government revenue. FMO plays a specific role in supporting the fund’s environmental and social management system and striving for best practices in environmental, social and governance matters.
- Region
- Africa
- Country
- Zimbabwe
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 9/6/2013
- Total FMO financing
- USD 11.25 MLN
- Funding
- MASSIF
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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