PROJECT

Projects

Summary of Investment Information

Project Number

45947

Company Name

AVACARE GLOBAL

Date SPI Disclosed

Apr 30, 2022

Country

Africa Region

Region

Africa

Projected Board Date

Jun 10, 2022

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 14, 2022

Department

Regional Industry - MAS Africa

Industry

other

Previous Events

Approved : Jun 10, 2022
Signed : Jun 13, 2022
Invested : Sep 12, 2022

Sector

other

Project Description

The proposed investment is a finance package of up to US$48.6 million comprised of: (i) approximately US$28.6 million of equity; and (ii) approximately US$20 million of secured ‘A’ Loan into Avacare Global (‘Avacare’ or the ‘Company” or the ‘Group’), an integrated distributor and manufacturer of pharmaceutical and healthcare consumable products in Sub-Saharan Africa.

The investment provides patient capital and long-term financing to support the growth aspirations of the Company.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation