Mgaloblishvili Kipiani Dzidziguri (MKD) advises The Netherlands Development Finance Company (FMO) on 12.5 million USD transaction deal
On July 25, 2017 JSC Terabank and The Netherlands Development Finance Company (FMO) signed facilty agreement on allocating USD 12.5 million small and medium businesses promotion and facilitating more involvement of women into business activities.
Signing ceremony was held at Biltmore Hotel Tbilisi and attended by various high-ranking government officials and business representatives.
The Netherlands Development Finance Company (FMO) is the Dutch development bank which supports sustainable private sector growth in developing and emerging markets by investing in aspiring entrepreneurs. Allocated funds will allow the bank to expand lending to SME businesses in Georgia and facilitate the private sector revenues, which on its part will contribute to further development of the country.
MKD’s transaction team was led by Victor Kipiani, partner, and Giorgi Kankava, lawyer at the firm providing with a local law support in course of negotiations and advising FMO on regulatory and various related aspects of the transactions.
The transaction is again in demonstration of high standard services which MKD provides to various international and multinational finance and lending institutions and the firm's unique role in the market.