BluePeak Private Capital Invests USD 20 Million in Prime Logistics for Sustainable Expansion
BluePeak Private Capital, an alternative asset management firm, has announced its first ESG-linked investment – a USD 20 million hybrid loan to Prime Logistics, a leading integrated East & Central African logistics group. The investment aims to support Prime Logistics’ sustainable expansion, enhance logistics services, lower emissions, and boost regional connectivity.
Key Points:
Investment Details: BluePeak Private Capital has invested USD 20 million in Prime Logistics through a hybrid loan structure.
Prime Logistics Services: Prime Logistics provides a comprehensive range of logistics services, including freight, customs clearance, warehousing, inland terminals, overland transport, and supply chain management.
Growth Plans: Prime Logistics has ambitious growth plans to strengthen its position as a market leader in East & Central Africa and the Middle East, serving blue-chip customers in growth markets.
ESG Focus: The investment aligns with Prime Logistics’ climate action plan and ESG framework, focusing on reducing the company’s carbon footprint, efficiency, and gender diversity initiatives.
Sustainable Development Goals (SDGs): BluePeak’s investment promotes UN SDGs, including Gender Equality (Goal 5), Decent Work and Economic Growth (Goal 8), and Climate Action (Goal 13).
Impact on Logistics Sector: The investment is expected to advance the logistics sector and contribute to the sustainable future of resilient businesses.
Quotes:
- Rami Matar, Senior Partner at BluePeak: “Our diversification into logistics is testament to the flexibility and ambition of an investment approach prioritizing sustainable growth of resilient businesses.”
- Asif Abdulla, Executive Chairman at Prime Logistics: “The investment from BluePeak comes at a crucial time as increasing trade flows between East & Central Africa, the Middle East, and the rest of the world support demand for reliable logistics services.”
Implications: BluePeak’s investment in Prime Logistics reflects a strategic move into the logistics sector with a strong emphasis on sustainability and ESG considerations. The partnership aims to contribute to the growth and resilience of logistics businesses in East & Central Africa, aligning with global sustainability goals. The focus on gender diversity and climate action highlights the broader impact that private capital can have on driving positive change in historically male-dominated sectors and addressing environmental challenges.