Christian Vandendriessche
BroadSpan Capital
FMO & DEG
Deal Type
Debt restructuring
Sector
Consumer
Completion Date
1st June 2020
Deal Value
Not disclosed
Company Background
FMO and DEG are Dutch and German development banks, respectively, committed to providing long-term capital to countries and industries that traditionally do not attract investments.
Deal Summary
BroadSpan Capital LLC acted as exclusive financial advisor to Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (“FMO”) and Deutsche Investitions - Und Entwicklungsgesellschaft mbH (“DEG”) in the financial restructuring and successful resolution of their exposure to Upala Agricola.
Upala Agricola, an agro-industrial company located in Upala, Alajuela, in the northern region of Costa Rica, is one of the world’s premier pineapple producers, with nearly 2,000 hectares dedicated to producing and exporting fresh pineapple.
Value Added
BroadSpan acted in an agile manner and carefully carried out the sustainability analysis, which resulted in the restructuring of FMO´s & DEG´s debt, meeting its expectations.
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