📋 Tender Overview
Website customer/investment
https://www.asiabusinessbuilders.com/
Region
Asia
Country
Viet Nam
Sector
Infrastructure, Manufacturing and Services
Publication date
11/15/2023
Effective date
3/29/2024
Total FMO financing
USD 10.00 MLN
Funding
FMO NV
Environmental & Social Category
(A, B+, B or C)
B
Who is our customer
Asia Business Builders Fund II ( ABB II ) is a mid-market private equity fund managed by Asia Business Builders ( ABB ). ABB was founded in 2013 as an M&A advisory firm. After closing USD400 m worth of strategic M&A in Vietnam, ABB launched its first private equity fund in June 2018. ABB is based in Hanoi, Vietnam.
What is our funding objective
ABB II is the second private equity fund managed by ABB. It is a sector-agnostic fund focused on the lower midmarket segment, providing growth capital to companies in consumer, education, logistics and other sectors.
Why do we fund this investment
FMO has invested in ABB II to support entrepreneurship in Vietnam, stimulating the growth of local mid-sized companies and contributing to economic development and job creation.
What is the Environmental and Social categorization rationale
E&S risk categorization is B, based on the pipeline and investment strategy. The E&S risks are expected to be limited and mainly related to ii) solid waste disposal and wastewater discharge; iii) high energy consumption and emissions, and other risks related to the specific sectors of the investments
