ADP III Holding 9 L.P.
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?
ADP III Holding 9 L.P. FMO closed a co-investment with African Development Partners III (ADP III), managed by Development Partners International and co-investors to acquire a controlling stake in Solevo Holding B.V., and now uses the special purpose vehicle (SPV) set-up for this co-investment to administer the TA project. The beneficiary is Solevo Holding B.V., a market leading Sub-Saharan African agri products distributor platform, with key operations in Côte d’Ivoire and Cameroon. The Company specializes in agricultural inputs and industrial chemicals across themes of plant nutrition, crop protection and specialty chemicals. Agricultural inputs are distributed under the company’s own brand and sold to smallholder distributors, wholesalers and retailers, who in turn sell these products to smallholder farmers.
What is our funding objective?
To capacitate Solevo to deliver effective outreach to downstream farmers in all countries of operation, covering both improved agro-practices as well as enhanced management of health and safety risks and prevention of environmental pollution. The project (considered as phase 1) aims to train 20 trainers and 4000 farmers. Upon successful completion and evaluation, Solevo will implement the training in all countries of operation (considered as phase 1, which is out of scope for this TA facility).
Why do we fund this investment?
FMO invested in Solevo to support the strengthening of the agro value chain in Africa, whilst contributing in-part to food security and economic opportunities for smallholders. We can now leverage our position to further support this through a TA project that is aimed to empower farmers, support proper (cost-efficient) product usage leading to lower costs for inputs, together with enhanced protection for the environment and for health & safety of both the farmers and local communities. This matches well with FMO’s agriculture strategy as well as the impact objectives including the SDGs.
What is the Environmental and Social categorization rationale?
N/A
More investments
| Date | Total FMO financing |
|---|---|
| 10/26/2022 | USD 30.00 MLN |
- Region
- Africa
- Country
- Africa
- Sector
- Agribusiness, Food & Water
- Publication date
- 3/3/2025
- Effective date
- 2/3/2025
- Total FMO financing
- EUR 0.03 MLN
- Funding
- FMO NV
-
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+