Acquired by the Musson family in 2000 and headquartered in Jamaica, the Facey Group (“the Group” or “the Company”) is the leading value-added distribution and services conglomerate in Central America and the Caribbean, with operations in over 30 countries (including Europe and the Pacific region), employing more than 3,500 people, and reaching over 150,000 points of sale. The Group operates in three main lines of business: (1) Telecom Distribution and Services (procurement, fulfillment, and distribution of handsets and physical and electronic airtime and other value added logistical services along the mobile value chain); (2) Business Solutions/IT Distribution and Services (information technology design, printing and document outsourcing, equipment and facilities management, distribution of information technology brands), and (3) Consumer Distribution (food and pharmaceuticals).

Facey has approached IFC to fund the expansion of its Business Processing and Telecom businesses through an equity investment of up to US$25 million, for a participation not to exceed 20% of the Company’s shares on a fully converted basis. IFC’s investment will primarily support the expansion of PBS, the Company’s business solutions and IT segment, by providing the working capital required to enter new markets, strengthen existing brands market shares, fund equipment leases to gain new clients, develop and expand new brands such as Cisco and Oracle, and provide additional value added products and services such as IT and data center services, system integration, digitalization, imaging, among others. In addition, the proceeds will be used to finance the growth of the Telecom business, to include new markets and carriers, upgrade its terminal network to allow for the provision of additional products and services and grow into the open-market channel (sell mobile handsets directly to network independent wholesalers and retailers).