CARLIER GROUP B.V.
Status: Completed investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The Carlier Group is a Dutch company that started its activities in 2001 with the production of dance and music event related equipment like coin-machines and entry-bracelets. In 2009 Carlier Group founded VAN MOOF a bicycle brand. VAN MOOF is a niche player which designs minimalistic city bicycles for urban areas. FMO will provide a EUR 995.000 subordinated loan to finance the extension of VAN MOOF's activities in Asia.
What is our funding objective?
The Carlier Group wants to expand the activities of VAN MOOF in several markets in Asia in addition to its European home market. The FMO loan enables VAN MOOF Asia to control supply from its Taipei office, to build up inventory in Taiwan and to invest in new models.
Why do we fund this investment?
FMO is willing to fund the extension of the VAN MOOF facilities in Asia because of the fact that additional employment will be created. Next to this the bikes VAN MOOF sells in ASIA positively contribute to the creation of transport without CO2 emissions in an emerging market. This will be FMO's first investment in Taiwan.
- Website customer/investment
- http://www.vanmoof.com
- Region
- Asia
- Country
- Asia
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 7/29/2015
- End date
- 6/14/2018
- Total FMO financing
- EUR 1.00 MLN
- Funding
- Fund Emerging Markets
-
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) - B