Nicholson y Cano, Ferrere Abogados, Higgs & Johnson and Azevedo Sette Advogados advised on the transaction
IFC, a member of the World Bank Group, provided $25 million working capital facility to help Agrotec S.A. support the pre-harvest financing needs of Paraguay’s farmers and strengthen the country’s agricultural sector, a pillar of the economy.
Agrotec, one of Paraguay’s leading agronomy service companies and a member of the Agrihold Group, provides seeds, fertilizers, technical support, and other inputs to more than 700 client farmers, as well as commercialization of their grains. IFC’s financing will help Agrotec increase farmers’ access to finance, contribute to rural economic development, and strengthen Paraguay’s agricultural supply chain.
Nearly half of Paraguay’s population lives in the countryside and depends on agriculture for their livelihoods. Agriculture also represents about 25 percent of the country’s gross domestic product, 30 percent of employment and a significant portion of the country’s exports.
Agrotec offers a one-stop shop to more than 700 client farmers, providing seeds, fertilizers, agrochemicals, technical support, storage and logistic services, pre-harvest financing, and commercialization of clients’ grains. The company’s strategy is to develop strong relationships with farmers, providing integral agronomic services from sowing, planning, and advice by providing seeds, nutrition integration, and crop protection. Agrotec operates seven regional distribution centers including its headquarters in Ciudad del Este.
Nicholson y Cano advised the International Finance Corporation with Mariano Fabrizio (Picture), Gonzalo Rivas Orozco and Dolores Reyes.
In Paraguay and Uruguay, Ferrere advised the International Finance Corporation with a team including Carlos L. Codas, Juan Da Silva, Manfred Heyn and Diego Rodríguez.
In The Bahamas Higgs & Johnson advised the International Finance Corporation Michael F. L. Allen and Khiry P. Adderley.
In Brazil, Azevedo Sette Advogados advised The International Finance Corporatioin with Ana Paula Terra and Liliana Grazielle Araujo Campos.
Involved fees earner: Michael Allen – Higgs & Johnson; Khiry Adderley – Higgs & Johnson; Ana Paula Terra Caldeira – Azevedo Sette Advogados; Liliane Grazielle Araujo Campos – Azevedo Sette Advogados; Mariano Fabrizio – Nicholson & Cano Abogados; Dolores Reyes – Nicholson & Cano Abogados; Carlos Codas – Ferrere Attorneys; Juan Da Silva – Ferrere Attorneys; Manfred Heyn – Ferrere Attorneys; Diego Rodríguez – Ferrere Attorneys;
Law Firms: Higgs & Johnson; Azevedo Sette Advogados; Nicholson & Cano Abogados; Ferrere Attorneys;
Clients: International Finance Corporation;