Published:
TriLinc Global Acquires PAES for $7.5 million
LOS ANGELES - (BUSINESS WIRE) - TriLinc Global, LLC, a leading social impact investment company, today
announced the completion of the acquisition of Cambridge, MA based,
PAES, Inc., a provider of credit risk solutions for financial
institutions in emerging market countries. TriLinc paid $7.5 million in
a combination of stock, debt assumption and cash.
"TriLinc is committed to harnessing the power of private capital to
bring about sustainable change in underdeveloped economies. To
effectively deploy significant capital, we need scalable solutions. PAES
is a unique analytic and risk assessment technology designed
specifically for investing in emerging markets that compliments
TriLinc's other proprietary technology and models," said Gloria Nelund,
CEO of TriLinc.
"TriLinc's global reach and broad scope offers PAES the ability to
achieve scale in ways that we could not have on our own," said Ray
Rahman, CEO of PAES.
TriLinc Global is expanding its product offering to enable retail
investors to make a difference in the world without sacrificing
investment return. The offering provides investors a predictable cash
flow, combined with demonstrated social and environmental impact, which
requires an investment strategy that includes a broader range of debt
and equity investments in developing countries.
"TriLinc has a history of empowering high impact entrepreneurs by
providing capital and resources through a proprietary model called
Capital3," said Troy Wiseman, Chairman of TriLinc, "and by expanding our
model globally, we are able to create maximum economic, social and
environmental impact for local economies."
In addition to providing services within TriLinc, the PAES team will
continue to provide analytics services to its existing client base
throughout Latin America and Asia.
About TriLinc Global, LLC
TriLinc Global, LLC is an investment company with offices in LA,
Chicago, New York and Mexico City that invests in socially and
economically conscious small and medium-sized enterprises (SMEs) world
wide. By leveraging its US heartland roots and analytical technology,
TriLinc is able to provide solid investment returns while ensuring
positive social and environmental impact.
About PAES, Inc.
PAES, Inc., is a technology company that provides software and analytics
solutions to financial institutions (bank, non-bank, and development)
that serve SMEs in developing countries. PAES is a founding member of
the MicroRisk Alliance of the United States Agency for International
Development (USAID). PAES was founded by Ray Rahman, Tanir Helayel,
Ashirul Amin.
TriLinc Global
Kristena Blume, 847-387-3609
kblume@trilincglobal.com
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