As stated on the project disclosure page, FMO’s funding will be used to cover transportation and logistics costs to move Allseeds’s stock to an alternative location in order to safeguard inventories from the negative impacts of the conflict in Ukraine.
FMO’s funding will enable Allseeds to continue operations, safeguard employment for its staff and serve its customers which in turn would preserve the impact created by our investment in Allseeds.
As stated on their website, Diligent Capital Partners is a mid-market private equity firm located in Kiyv, Ukraine.
As stated by the FMO, our client is DCP Direct Investment Fund I, a Ukrainian private equity fund manager and fund manager of Allseeds an export-oriented infrastructure operator in the agribusiness sector located in the Yuzhny port of the Odessa region in Ukraine. Allseeds is a direct investee of FMO structured through DPC Direct Investments Fund I.
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.
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