News
Symbiotics-Arranged Transaction Combines Institutional and Impact Investors to Finance Cashew Processing Plant in Côte d’Ivoire
Symbiotics UK Ltd and GuarantCo, part of the Private Infrastructure Development Group (PIDG), have successfully partnered to arrange a EUR 18 million debt facility for Robust International Pte Ltd to finance a cashew nut processing plant in Côte d’Ivoire.
The transaction features a novel structure, combining funding provided by institutional investor M&G Investments Ltd, benefiting from a guarantee provided by GuarantCo, with uncovered funding provided by impact funds advised by Symbiotics Asset Management.