The Dutch development bank FMO and Diligent Capital Partners become shareholders in Allseeds

Photo by: Allseeds

The Dutch development bank (FMO) and Diligent Capital Partners (DCP) have become shareholders in Allseeds SA having acquired 16% of shares, thus providing financing for the implementation of the company's growth strategy.

The growth strategy includes the expansion of its oilseed crushing and transshipment capacities as well as the addition of other value-added processing of vegetable oils and by-products.

"We thank Allseeds founders Vіacheslav Petryshche and Cornelis Vrins for their commitment to developing this partnership. We also thank our partners at FMO for their collaborative efforts in completing this transaction and look forward to our future work together,” noted Dan Pasko, DCP Co-Managing Partner, Member of Allseeds Board of Directors.

FMO and DCP will also work with Allseeds to enhance corporate governance and improve the company’s environmental and social standards.

"We appreciate very much the fact that we were connected to Allseeds by DCP. We believe in the value of building local partnerships as a fundamental for doing good investments which create both economic growth as well as development impact. We are proud to have become part of the Allseeds team and look forward to continue building the company, together with its founding shareholders and DCP. Growing Allseeds will be contributing to economic prosperity in the Ukraine and essentially to feeding the World,” stated Jorrit Dingemans, Manager Private Equity Funds & Corporates Asia/ECA.

The company believes that this equity investment will help position Allseeds as a leading agricultural commodities processing and transshipment hub in Yuzhny, Ukraine’s deepest port, increasing the level of in-country value-add of agricultural commodities prior to export and improving links to the largest global markets.

“We are pleased that FMO and DCP have recognized our accomplishments and demonstrated their belief in our potential by making this investment. We have ambitious growth plans and are open to building partnerships to realize those goals. We also thank DCP for helping Allseeds bring its corporate governance standards to the level of international best-practices to help us attract such a reputable international investor as FMO,” stressed Viacheslav Petryshche, Allseeds CEO.

Note: FMO is the Dutch development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs.

Diligent Capital Partners (DCP) is a private equity manager focused on food and agribusiness, export-oriented businesses, and the consumer goods and services industries led by Dan Pasko and Mark Iwashko.