Alpen Capital has advised Sahyadri Farms Post Harvest Care Limited (SFPHCL), in raising Rs.310Crs (~EUR 40million) from a group of impact-focused investors including Incofin, Korys, FMO and Proparco.
The capital is intended to further grow the company. Sahyadri Farms wants to expand its processing capacity for fruits and vegetables-based products, set up a biomass plant to generate electricity from process waste and enhance its infrastructure, like packhouses.
Alpen had also advised Sahyadri Farms to raise a structured debt facility of EUR 15million from FMO in 2019.
Click here to view the extensive media coverage received for the transaction.
About Sahyadri Farms Post Harvest Care Limited: SFPHCL, a subsidiary of Sahyadri FPC, is engaged in sourcing, processing, and marketing of fresh fruits and vegetables. The Company’s key strength is its deep engagement with farmers by helping them with a choice of crops, agriculture practices, farm inputs advisory and marketing the farm produce.
About Incofin: Incofin IM, headquartered in Belgium, is an emerging market focused independent impact investment manager focused on financial inclusion, agri-food value chain and safe water with an AUM of more than EUR 1Bn.
About Korys: Korys is the investment company of the Colruyt family with more than EUR 4.5Bn of AUM. Colruyt Group is a leading retail company in Belgium and France.
About FMO: FMO is a Dutch development bank based in the Hague, Netherlands and majority owned by the Dutch State with a committed portfolio of more than EUR 10Bn spanning over 92 countries. FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs.
About Proparco: Proparco is a subsidiary of Agence Française de Développement (AFD) focused on private sector development. It has been promoting sustainable economic, social and environmental development practices for the past 40 years.