KOPPERT BEHEER B.V.
Status: Completed investmentWhy disclosure?
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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
Koppert Beheer B.V. initially started as a cucumber grower in 1967. Today it is the international market leader in the field of biological crop protection and natural pollination. The family company is well known internationally for its reliability, innovation and the quality of its products. Koppert supplies to customers in 80 countries and employs approximately 1,000 people worldwide. It has research, sales and/or production facilities in, among others, England, Slovakia, Spain, Turkey, Mexico, Kenya, China and Brazil.
What is our funding objective?
After successfully providing loans to Koppert for the acquisition of a Brazilian firm (2012) and the acquisition of the majority stake in Koppert Turkey (2013), the new loan will be used to further expand the production capacity of the existing production plant of Koppert Turkey. This will increase the production capacity of the bumblebee nests and provide new office space. In-line with this we will finance the hereto related working capital needs. The expansion of the production plant is mainly being driven by a rapidly developing domestic market and the country’s advantageous geographical position for exports. Turkey is one of the world’s largest greenhouse markets, and within Europe's the highest per capita consumption of vegetables.
Why do we fund this investment?
Koppert is a successful and reputable Dutch company with good market prospects, and the investment is in line with FMO's corporate strategy. Koppert's investment has high development impact because it brings with it a great deal of knowledge and technology transfer and job creation. FMO's funding is additional due to the lack of locally available long-term financing, and was also instrumental in attracting additional commercial financing.
More investments
| Date | Total FMO financing |
|---|---|
| 6/14/2018 | EUR 1.40 MLN |
| 6/14/2018 | EUR 3.10 MLN |
- Website customer/investment
- http://www.koppert.nl/
- Country
- Global
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 12/30/2016
- End date
- 6/14/2018
- Total FMO financing
- EUR 1.50 MLN
- Funding
- 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) - B