PROJECT

Projects

Summary of Investment Information

Project Number

45039

Company Name

EMERGENT COLD LATAM HOLDINGS, LLC

Date SPI Disclosed

Dec 2, 2022

Country

Latin America and the Caribbean Region

Region

Latin America and the Caribbean

Projected Board Date

Jan 27, 2023

Environmental Category

B - Limited

Status

Hold

Last Updated Date

Apr 14, 2024

Department

CN1S7 - Regional Industry - INF LAC/INR New Business - LAC

Industry

Infrastructure

Sector

Other (Including General Freight Trucking)

Project Description

Emergent Cold LATAM Holdings, LLC (“Emergent LatAm” or “Company”) is a recently established platform for investments in the 3rd party temperature-controlled logistics (“3P TCL”) sector in LAC. The Company targets providing refrigerated storage, transportation and other value-added services via integrated, end-to-end solutions to clients across the processed foods, dairy, meat, seafood, fruits & vegetables, across several countries in Latin America & Caribbean.

The Company is scaling up its Latin American coverage through a mix of acquisitions and greenfield/brownfield developments, in a region where the sector is underdeveloped and fragmented. The first round of greenfield facilities currently being built are located in (i) Callao, Peru, (ii) Duran, Ecuador, and (iii) Caucedo, Dominican Republic.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation