Sunda FMCG Investment

active

 The proposed investment is a financing package consisting of: (i) an IFC A-loan of up to EUR50 million to Sunmart Trading FZCO Dubai (Sunmart) and Senbai Holdings FZCO, Dubai (Senbai, together the Borrowers); and (ii) an equity investment of US$30 million in Softcare Limited (Softcare or the Company), which is also the guarantor of IFC’s proposed loan to Sunmart and Senbai. Sunmart and Senbai are fully-owned subsidiaries of Softcare, which itself is a subsidiary of Sunda Enterprise Limited (“Sunda”). The proceeds from IFC’s debt and equity investments will be used to finance the capacity expansion of baby diapers and sanitary pads factories with a total project cost of US$155 million. The proceeds will be used to finance new production lines for baby diaper and sanitary pad within existing factories in Ghana, Kenya, Tanzania, and Zambia (the Project).