"It was an honor to be AIC Caribbean Fund's first investee company in the Dominican Republic. As investors, they understand the pragmatic realities of the infrastructure construction business through different business cycles and were very responsive to the needs of Moya. We look forward to partnering again with ACF in the near future."
Moya Supervisiones y Construcciones, S.A.
Date of Investment:
December, 2007
Deal Value:
$8 million
Status:
fully realized Moya Supervisiones is a pre-eminent construction company in the Dominican Republic which joint ventured with Odebrecht, the largest infrastructure contractor in Latin America. The JV was awarded a contract in late 2008 from the government of the Dominican Republic to build a $360 million toll road. Moya was seeking a financial partner to support its business and Portland Private Equity negotiated a transaction involving a secured debenture combined with profit participation success tied to the construction of the toll road.
The Portland Private Equity Difference:
Portland Private Equity added value by:
- Providing a stable capital source and financial partner to a long-term project
- Working with management to upgrade financial reporting and related processes
- Introducing its network of infrastructure investors to the larger toll road financing opportunity
- Increasing Moya’s opportunities to build its business through involving Moya in additional Dominican Republic-based activities of Portland Private Equity