Value Proposition

Superior access to capital*

  • Only Group of its size and scale focused on investing in and developing businesses in Georgia.
  • Uniquely positioned given the access to capital in a small frontier economy.
    • c.US$ 500 million raised in equity at LSE.
    • Issued seven bonds totalling c.US$ 2.0 billion (including the issuance of US$ 150 million Sustainability-Linked bonds in August 2023).
    • US$ 3 billion+ raised from IFIs (EBRD, IFC, ADB, AIIB, etc.)

* Figures and statements in this section include the track record of our predecessor company BGEO, prior to the 2018 demerger.

Access to good management

  • Highly experienced senior management team, which grew BGEO Group (predecessor company) by c.33 times in asset size between 2005 and 2017.
  • Reputation among talented managers as the “best group to work for”.
  • Attracted talents have demonstrated a solid track record of successful delivery.
  • Proven track record in turning around companies and growing them efficiently.
  • Proven track record in monetising investments through cash exits.
  • A platform for entrepreneurs to build institutions (entrepreneurship culture):
    • If we do not have the right people, then we do not invest, no matter the attractiveness of the opportunity.

Strong corporate governance

  • Strong Board comprised mainly of independent Directors with extensive international experience.
  • Outstanding track record in institutionalising businesses and creating independently run/managed institutions.
  • Approximately 45 employees at the holding company level.
  • Highly experienced management team in each portfolio company with a strong measure of independence.
  • Aligned shareholders’ and management’s interests by share compensation.
    • The Executive Director is solely remunerated by way of long-term deferred shares (six-year vesting) and receives no cash compensation.
    • Salaries of the Company’s senior managers are heavily weighted towards deferred share remuneration, and bonuses for senior managers are paid in deferred shares rather than cash.
  • High level of transparent reporting.
  • Committed to the Net-Zero Initiative and expressed willingness to reach Net-Zero across Scope 1 and 2 emissions by 2050.