BRUMMER FRONTIER PE IIStatus: Approved investment
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Who is our customer
Through Brummer Frontier PE II fund, FMO is investing in Runner Automobiles Ltd in Bangladesh. Runner is the largest motorcycle manufacturer in the country with a large distribution network of dealers and showrooms. Runner also imports and sells trucks and tractors.
What is our funding objective?
The equity investment from FMO and Frontier PE Fund, managed by Brummer & Partners, will enable the company to continue to grow by setting up a new painting facility, warehouse and R&D unit. Part of the investment proceeds will be used to reduce the existing debt.
Why do we fund this investment?
The investment in Runner is a co-investment with Frontier PE Fund, the first private equity fund in Bangladesh. In addition to the equity investment, FMO will work with Runner to improve its environmental and social impact and its corporate governance structure.
- Infrastructure, Manufacturing and Services
- Effective date
- Total FMO financing
- USD 6.23 MLN
- FMO NV
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)