Original disclosure @ IFC website
Updated in EWS Dec 16, 2022
Disclosed by Bank Dec 2, 2022
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According to the Bank’s website, Emergent Cold LatAm Holdings, LLC is a platform investing in the third-party temperature-controlled logistics (“3P TCL”) sector in LAC. The Company provides refrigerated and frozen storage, transportation and other value-added services via integrated, end-to-end solutions to clients across the food industry including dairy, meat, poultry, seafood, fruits & vegetables, across several countries in Latin America. Lineage Logistics (“Lineage”), a US-based global leader in the 3P TCL sector, is an anchor investor in the Company and provides access to best practices in areas such as technology and integration. IFC will invest up to US$110 million loan, split into a US$60 million A loan towards development and expansion of Emergent LatAm’s logistic facility and equipment located or to be located across Latin American countries, and a US$50 million income participating C loan to the Company. The company’s initial pipeline of investments to be financed by IFC A Loan facility includes: (i) Ecuador: development of a temperature-controlled logistics center of 10,500 pallet positions in Guayaquil (Duran Logistics Center); (ii) Dominican Republic: construction of a modern refrigerated 8,000 pallet position warehouse in the Port of Caucedo near Santo Domingo; and (iii) Peru: 36,000 pallet position dual frozen and cold storage facility, close to the Port of Callao in Lima. The Company and IFC will agree on additional investments to be financed by IFC A Loan as the Company’s consolidation progresses.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||EMERGENT COLD LATAM HOLDINGS, LLC||Client||-|
Ricardo Jacob, VP Operations
+55 (11) 99129-9240
Atrium III, Rua do Rocio, 291 Vila, 1st Floor, Olimpia – Sao Paulo, SP, Brazil
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