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The IFC is considering an investment in Demica, a market leading provider of working capital solutions to large corporates and financial institutions. According to IFC's website, "Demica combines expertise in structured finance, technology and operations to offer a complete spectrum of working capital solutions, from supply chain finance to trade receivables securitization. Demica’s services result in improved working capital for its corporate clients and their worldwide suppliers and distributors, many of which are SMEs. IFC is considering an equity investment in Demica, which will be used to finance the Company’s continued global growth."
Demica is a market leading provider of working capital solutions to large corporates and financial institutions. Demica combines expertise in structured finance, technology and operations to offer a complete spectrum of working capital solutions, from supply chain finance to trade receivables securitization. Demica’s services result in improved working capital for its corporate clients and their worldwide suppliers and distributors, many of which are SMEs. IFC is considering an equity investment in Demica, which will be used to finance the Company’s continued global growth.
The proposed IFC investment is for up to US$5 million in equity.
Demica’s Chief Executive Officer is Matthew Wreford. The Company’s investors include TOMS Capital, 76 West Holdings and JRJ Group.
International Finance Corporation
Leila Search
Investment Officer
202-473-7511
LSearch@ifc.org
2121 Pennsylvania Avenue, NW, Washington, DC 20433 USA
http://www.ifc.org
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/