Redcliffe Partners has advised the International Finance Corporation on a loan of up to USD 40 million to Astarta to finance the construction of a soy protein concentrate plant in Ukraine. Allen Overy Shearman Sterling and Gedik & Eraksoy reportedly advised the borrower.
Astarta is a Ukrainian agro-industrial holding.
According to Redcliffe Partners, the financing package comprises a USD 27 million IFC loan for its own account and a USD 13 million concessional loan from the Government of the Netherlands. IFC's financing is backed by guarantees from the European Commission's Ukraine Investment Framework and the Netherlands in support of IFC's Economic Resilience Action Program for Ukraine. The facility aims to strengthen the agricultural value chain, expand employment, and bolster the country's economic resilience.
The Redcliffe Partners team included Managing Partner Olexiy Soshenko, Counsel Victoria Ivasechko, Associates Sevastian Viktoruk and Zakhar Kymberskyi, Junior Associate Artem Mykhailyk, and Paralegal Andriy Kostiuk.
