As stated on the project disclosure page, funding by FMO is used to increase Allseeds PPE capacity and its overall utilization rate of that PPE. The end objective is to realize the growth potential of the target due to its competitive advantages, from its logistics edge, management skills, and industry standing.
The investment supports the core strategy of FMO, by deploying capital in the "Circle around Europe" and in direct investments in Agricultural enterprises where capital is scare. Additionally, the investment will catalyze possible other sources of capital as part of the company's continued growth strategy. Additionally, FMO has identified this investment with a new partner in Ukraine, Diligent Capital Partners, ("DCP"). In executing this investment FMO is also supporting the development of DCP as a potential future fund manager in Ukraine, thus supporting the PE market in this country. DCP will be engaged to not only identify investments but also to manage the investment both in the value creation and exit portion of the investment cycle.
The FMO categorized the E&S risk of the project as B+.
As stated by the FMO, Allseeds, founded in 2010, is an export-oriented infrastructure operator in the agribusiness sector located in the Yuzhny port of the Odessa region in Ukraine. It focuses on vegetable oils, by-products of their extraction and their derivatives. The company’s current lines of business are sunflower oil extraction, the production of sunflower meal, and the storage and transshipment of these products to large vessels in the Yuzhny port. It operates both as a crusher and a toller, while also providing it transshipment services to third parties.
As stated on their website, Diligent Capital Partners is a mid-market private equity firm located in Kiyv, Ukraine.
No project contacts provided at the time of disclosure.
Financial Intermediary - Diligent Capital Partners:
Client - Allseeds Holding SA:
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ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW). A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism