Emergent Latam

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Emergent Cold LatAm Holdings, LLC (“Emergent LatAm”, “Emergent” or “Company”) is a platform investing in the third-party temperature-controlled logistics (“3P TCL”) sector in LAC. The Company provides refrigerated and frozen storage, transportation and other value-added services via integrated, end-to-end solutions to clients across the food industry including dairy, meat, poultry, seafood, fruits & vegetables, across several countries in Latin America. Lineage Logistics (“Lineage”), a US-based global leader in the 3P TCL sector, is an anchor investor in the Company and provides access to best practices in areas such as technology and integration.  IFC will invest up to US$110 million loan, split into a US$60 million A loan towards development and expansion of Emergent LatAm’s logistic facility and equipment located or to be located across Latin American countries, and a US$50 million income participating C loan to the Company.As of October 2022, the company acquired the following companies: Panama: Galores Group; Brazil: DMX Logistica, Martini Meat S.A and Recife 1 DC; Chile: Friopacífico; Peru: Lineage Piura; Colombia: Frigorifico Metropolitano (Frigometro); Uruguay: Polo Logístico de Frío (PLF); Guatemala: Bodegas Frias; and Mexico: Bajo Cero.The company’s initial pipeline of investments to be financed by IFC A Loan facility includes: (i) Ecuador: development of a temperature-controlled logistics center of 10,500 pallet positions in Guayaquil (Duran Logistics Center); (ii) Dominican Republic: construction of a modern refrigerated 8,000 pallet position warehouse in the Port of Caucedo near Santo Domingo; and (iii) Peru: 36,000 pallet position dual frozen and cold storage facility, close to the Port of Callao in Lima. The Company and IFC will agree on additional investments to be financed by IFC A Loan as the Company’s consolidation progresses.