As stated on the project disclosure page, Commercial Cold Holdings Limited (CCH) is established as a South-African cold storage platform with a pan-African expansion strategy. CCH is on a path of acquiring and consolidating existing and greenfield businesses within the Temperature Controlled Logistics market with a focus on storage. Its anchor investments are based in South-Africa and Namibia. CCH will pursue expansion beyond South Africa and Namibia into other countries across East, West and North Africa.
FMO is providing equity financing for a co-investment of up-to USD 20mln alongside the AIIF4 and IDEAS funds managed by AIIM to acquire a stake with significant influence. Initially CCH will acquire and integrate businesses in South-Africa, potentially followed by acquisitions in the rest of Africa. A key positive impact will be the reduction of the carbon footprint, to be achieved by increasing the amount of renewable energy used to power the facilities and in some instances the use of CO2 as a refrigerant.
The FMO states two different data on the project disclosure page. First, it commits to an investment of up to USD 20 million, but the total FMO investment provided on the side of the page states the amount of ZAR 277.5 million, which is more close to USD 15 million.
As stated on the company's website, "collectively offering over 94 823 tons of temperature controlled storage and handling capacity (with more on the way) our facilities can store product from ambient temperature to minus 60 degrees - perfect for all poultry, fish, meat, vegetables, dairy, margarine and fruit."
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No project contacts available at the time of disclosure.
Client - Commercial Cold Holdings Limited:
Address: Vrystaat Road, Paarden Eiland, 7405 South Africa
Phone: +27 87 3507350
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