Agrofusion

completed

The proposed investment is to support Agrofusion Group (the “Company”), a tomato paste and industrial tomato producer in Ukraine, by strengthening its capital base through refinancing existing short term debt and financing incremental permanent working capital.Established in 2007, Agrofusion is the largest vertically integrated tomato paste producer in Ukraine, marketing its products mainly to large FMCG (Fast Moving Consumer Goods) companies in Ukraine, Russia, other CIS countries, and to a lesser extent Western European markets. The Company’s operational assets include: (i) two tomato paste plants with total processing capacity of approximately 300,000 metric tons of tomatoes per season (6,000 tons of tomatoes a day); (ii) two seedling green-houses; and (iii) 12,000 hectares of irrigated leased land in Mykolayiv and Kherson regions, as well as modern farming equipment.