PIDG - Evolving to deliver greater development impact
GuarantCo’s parent company, The Private Infrastructure Development Group (PIDG), is changing.
A new governance structure will formalise and embed collaborative working between GuarantCo and all of PIDG’s companies. Our combined offer allows us to invest at different stages of the development cycle, bringing more projects from concept to reality in the world’s lowest income countries.
Read our joint op-ed to find out more.
Unique Public - Private partnership model combines equity from four European Governments, private sector management, and credit enhancement from Barclays Bank Plc and KfW
In late 2009, GuarantCo joined FMO, Deutsche Bank and Cordiant Capital in a $US65m equivalent facility in rupees for Ackruti City Limited (ACL), to rehabilitate up to 30,000 families currently living in Mumbai slums. GuarantCo’s share was just over 30%.
In September 2010 GuarantCo joined Investec, FMO and the Infrastructure Crisis Facility (ICF) in providing a ZAR 760m facility to a South African Finance Company (SAFCO) (names and other details withheld due to confidentiality reasons).