Star Bright Holdings Limited

pending

The proposed investment is a senior loan of up to €11 million to Star Bright Holdings Limited (“Star Bright” or the “Group”) for its capital expenditure at its Kenya and Ethiopia farms and across group operations including but not limited to environmental and sustainability initiatives such as setting up water recycling at the packhouses and installation of energy efficient lighting (together “the Project”).Star Bright, domiciled in Mauritius, specializes in summer flowers production in East and Southern Africa under the “Marginpar” brand. The Group operates 10 flower farms in Kenya and Ethiopia, with a production output of ~220 million stems a year that are exported to the Europe and Asian markets. In addition, the Group sources flowers from three partner farms in Tanzania and four partner farms in Zimbabwe.