10 years of stress test
More than ten years of international experience and expertise in impact investing
We have gained our experience in particular where investing is particularly challenging: in emerging and developing countries such as sub-Saharan Africa or Southeast Asia, where the impact is obvious.
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We have learned a lot from these challenging projects and framework conditions. We would like to share this practical experience with you, in addition to our experience in investment banking and in strategic consulting in various sectors.
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We are happy to provide references on request. Below you will find an excerpt of our projects in emerging markets.
Some of our emerging markets clients
Selected direct investments
which we implemented
TakaTaka Solutions, Nairobi
Steinbeis Advisory Center Impact Investing facilitates debt financing for integrated waste management company TakaTaka in Nairobi
January 2018
In Nairobi, around 3,000 tons of waste are generated every day, an unstoppable flow. There is no public waste management system, 66% of the population has no access to waste collection services at all and there is only one overcrowded and poorly managed municipal landfill (Dandora) for a population of almost 7 million people. Among Nairobi's 100 private waste collection and disposal companies, there is only one fully integrated company that collects waste from all types of customers - from slum households to schools and luxury hotels - and manually sorts all fractions at two recycling points for disposal recycle: TakaTaka Solutions Limited ("Takataka" is the Swahili word for "waste"). TakaTaka has built a strong customer base for all 45 recycling fractions. The organic waste is processed into compost and sold to local farmers. Only 5% of all waste is disposed of in Dandora, especially diapers (compared to 95% at the other providers). TakaTaka has a good chance of taking a strategic position in Nairobi's waste management market as a Tier 1 recycler served by the other 99 waste collectors. Initial talks have also been held with Nairob City Council to set up a public-private partnership. All government policies towards a circular economy speak for TakaTaka Solutions. TakaTaka was founded by Daniel Paffenholz in 2011 and Steinbeis Impact has been working with Mr. Paffenholz since 2012 when we helped him prepare his "Pathway to Investibiity". The company was cash flow positive in April 2017 and needed more cash to acquire new equipment to service its growing customer base, including the United Nations compound in Nairobi or Safari.com, the largest mobile phone company in Kenya and the "inventor" by M-Pesa (Mobile Money). However, since the Kenyan government introduced a general cap on commercial lending rates ahead of parliamentary elections in September 2016, commercial banks have continued to withdraw from financing local businesses. An international solution for TakaTaka was required. At this point, Steinbeis Impact brought in a private impact investor, pre-approval by the investment committee was granted fairly quickly, and a successful due diligence was conducted by Steinbeis Impact together with a representative of the investor in August 2017. On the 13th/14th On January 1, 2018, the term sheet and loan agreement were signed, providing TakaTaka with a flexible, long-term financing facility for the next few years at preferential terms based on the business plan and financial model. There are plans to expand this collaboration further, and we hope to share more TakaTaka news with you in the near future.
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