GAZELLE FINANCE HOLDING COÖPERATIEF
Status: Approved 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
FMO’s client is Gazelle Fund (“Gazelle”), a Private Equity Fund with a USD $42 mln commitment, based in Georgia. Gazelle focuses on supporting SMEs in Eastern Europe and provides growth-oriented risk capital to SMEs in the Eurasia region. Gazelle currently operates in Georgia and Armenia and intends to expand further in the Eurasia region during the coming years.
What is our funding objective?
The funding objective is to support Gazelle in vetting its investees by co-funding a Technical Assistance facility together with Triple Jump, called the Business Development Support Facility (“BDS Facility”). This BDS Facility funds three financial products, being i) fund-wide support projects, ii) zero interest loans and iii) grants. Prospect portfolio companies and portfolio companies, depending on their size and revenues will receive a zero-interest loan or a TA-grant (only for PCs).
Why do we fund this investment?
MASSIF funds this project because it is in line with its aims to support SMEs that have high-growth potential but lack the collateral or sufficient cash flow that banks require for lending purposes. The Fund targets investees across multiple economic sectors and in all business growth stages. This project, which entails a TA Facility, will be used to provide (a) zero-interest loans to Portfolio Companies (“PCs”) for BDS purposes (TA Loans) and (b) non-reimbursable BDS for Prospect Portfolio Companies (“PPCs”) and PCs (TA Grants). Both forms of BDS will be used to enhance the capacity and performance of the PPCs or PCs, ultimately enhancing the development impact of the SMEs and the financial performance of the Fund.
More investments
| Date | Total FMO financing |
|---|---|
| 5/5/2022 | EUR 0.48 MLN |
- Region
- Europe & Central Asia
- Country
- Georgia
- Sector
- Financial Institutions
- Effective date
- 9/27/2018
- Total FMO financing
- EUR 0.08 MLN
- Funding
- MASSIF