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Gemcorp completes management buyout

Staff writer
June 17, 2021, 1:35 p.m.
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Gemcorp Group, an emerging markets investment, commodities and energy group, has completed a management buyout from its seed investor.

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Gemcorp Group, an emerging markets investment, commodities and energy group, has completed a management buyout from its seed investor.

The Gemcorp management team, led by founder and CEO, Atanas Bostandjiev, now owns 100% of the business.

The terms of the transaction were not disclosed.

Atanas Bostandjiev, CEO, said: “When we founded Gemcorp, we set out to build a disruptive integrated business to serve the growth capital needs of emerging markets corporates and sovereigns. There is no better way to demonstrate our conviction in this mission than to continue to invest in our business.”

The buyout marks the latest step in Gemcorp’s expansion.

Since its inception in 2014, Gemcorp has grown organically, adding a successful physical commodity solutions business and an energy business. The group now employs more than 138 employees, operating across nine cities. 

The Group’s three business lines comprise: Gemcorp Capital, established in 2014 to provide capital to growth-focused corporates and sovereign entities in the emerging markets. It has invested $6bn+ in self-originated credit and equity transactions since inception; Gemcorp Commodities Trading, established in 2016 to offer funding and supply chain solutions for corporate and sovereign clients across the physical commodity markets - agricultural and food commodities, refining and oils, precious metals, and non-commodity procurement services; and Gemcorp Energy, established in 2019 and focused on delivering local solutions to the Africa’s energy needs, currently developing two state-of-the-art modular refineries in Liberia and Angola, with proximity to major oil producing areas.

Bostandjiev said: “Many emerging markets have exceeded expectations in their management of the Covid-19 pandemic and are about to enter a new era of growth. We believe that we have only scratched the surface of the capital and logistical solutions and developmental impact we can provide across Africa and the rest of the emerging markets. We have an exciting pipeline of investment opportunities across all our business lines and look forward to the future.”   

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