BRUMMER FRONTIER PE II
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
Through Brummer Frontier PE II fund, FMO is investing in Runner Automobiles Ltd in Bangladesh. Runner is the largest motorcycle manufacturer in the country with a large distribution network of dealers and showrooms. Runner also imports and sells trucks and tractors.
What is our funding objective?
The equity investment from FMO and Frontier PE Fund, managed by Brummer & Partners, will enable the company to continue to grow by setting up a new painting facility, warehouse and R&D unit. Part of the investment proceeds will be used to reduce the existing debt.
Why do we fund this investment?
The investment in Runner is a co-investment with Frontier PE Fund, the first private equity fund in Bangladesh. In addition to the equity investment, FMO will work with Runner to improve its environmental and social impact and its corporate governance structure.
- Region
- Asia
- Country
- Bangladesh
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 10/25/2013
- Total FMO financing
- USD 6.23 MLN
- Funding
- FMO NV
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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+