We are pleased to welcome Jari Matero – Senior Investment Manager at Finnfund as a special guest to the Africa Business Forum on 01 March 2017. He has Nine years of experience at the Finnish Fund for Industrial Cooperation Ltd. (FINNFUND), a European development finance institution, in providing long-term risk capital (equity, mezzanine, investment loans) for profitable private sector projects in developing countries and transition economies outside the European Union.
Sector experience include power generation, telecommunications, metal industry, electronics, agribusiness, machinery, pulp and paper. Currently responsible for the Agribusiness sector investments at Finnfund. Since early 2014 I have reviewed and processed tens of agribusiness investment opportunities located mainly in Sub-Saharan Africa.
FINNFUND IN BRIEF
Finnfund (Finnish Fund for Industrial Cooperation Ltd.) is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Apart from co-investing with Finnish companies we can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits.
MARKET TERMS AND MINORITY STAKE
The terms of our financing are market-related. We do not extend soft loans but are ready to share risks by providing long-term financing for promising projects in challenging markets, where commercial financing is hard to obtain.
Our funding can be in the form of equity capital, mezzanine financing or long-term investment loans. Regardless of the form of financing, we always participate with a minority stake.
EXPERIENCE OF DEVELOPING MARKETS
Apart from our risk capital, we bring in links to our network of development finance institutions and other potential co-financiers as well as our experience from financing and joint venture arrangements in developing countries. Especially for clients making their first investment, our knowledge of the business environment may be of considerable value.
We can finance projects in developing countries and Russia.
While most of our investments are in manufacturing, we also finance other sectors ranging from agribusiness and power generation to telecommunications and services.
Finnfund also selectively finances the local private sector through intermediaries such as private equity funds.
Finnfund is owned by the State of Finland 93.4%, Finnvera 6.5% and Confederation of Finnish Industries EK 0.1%.