The financing aims to enhance the capital structure and accelerate UNICOBA’s growth and expansion of its portfolio of energy efficient solutions
São Paulo, July 01, 2022 – UNICOBA, a leading energy solutions company in Brazil and Latin America, recently completed a US$25 million green bond transaction with Gramercy Funds Management LLC (“Gramercy”), a US-based emerging markets asset manager.
According to Rosangela Sutil, Chief Financial Officer of UNICOBA, this transaction was key to enhancing the company’s capital structure and advancing its growth. It reinforces UNICOBA’s well-established position in the markets in which it operates, with excellent prospects for expanding the company’s business and broadening the portfolio of energy storage products and services. “Through the operation carried out with Gramercy, UNICOBA plans to accelerate its business plan and growth strategy,” Sutil explained.
“We are delighted to support UNICOBA’s growth plan, solidifying the company as a main player in the energy storage market in Brazil and Latin America. UNICOBA’s green bond issuance is fully aligned with Gramercy’s commitment to Brazil, and our endeavor to incorporate sustainability into our investments,” said Gustavo Ferraro, Partner and Co-Head of Gramercy’s Capital Solutions Strategy.
The financial transaction with Gramercy demonstrates UNICOBA’s credibility and extensive experience in electronics manufacturing with operational agility. This includes brand leadership in 4D energy solutions through initiatives and projects developed by UNICOBA, as well as the promotion of alternatives that increase energy efficiency and adoption of technologies and processes that minimize impacts to the environment.
About UNICOBA
UNICOBA is one of the largest energy solutions brands in Brazil and Latin America. Present in the market for 49 years, the company develops energy storage solutions, combining extensive experience in electronics manufacturing and operational agility. UNICOBA is a leading supplier of stationary industrial batteries and portable batteries for cell phones and laptops. The administrative headquarters are located in São Paulo, it has industrial plants located in Manaus-AM and Extrema-MG and commercial partnership with two offices in Asia (Seoul and Shenzhen). For more information, access: www.unicoba.com.br/sobre-nos.
About Gramercy
Gramercy is a dedicated emerging markets investment manager based in Greenwich, Connecticut with offices in London, Buenos Aires and Mexico City, and dedicated lending platforms in Mexico, Turkey, Peru, Pan-Africa, Brazil, and Colombia. The firm, founded in 1998, seeks to provide investors with attractive risk-adjusted returns through a comprehensive approach to emerging markets supported by a transparent and robust institutional platform. Gramercy offers alternative and long-only strategies across emerging markets asset classes including multi-asset, private credit, public credit, and special situations. Gramercy is a Registered Investment Adviser with the SEC and a Signatory of the Principles for Responsible Investment (PRI). Gramercy Ltd, an affiliate, is registered with the FCA.