British International Investment

Bangladesh Managed Account C.V.

BangladeshSouth AsiaManufacturing

Single asset Managed Account which invested into ACI Motors in Bangladesh

This investment was made when British International Investment was named CDC Group.

Our investment

Description of the investment.

BII invested into the Bangladesh Managed Account, managed by New Frontier Investments, in order to support ACI Motors, the largest distributor of agricultural machinery in Bangladesh. BII invested a total of $6.8 million, which is expected to result in direct and indirect economic opportunities for ACI Motor’s employees and consumers through business growth, manufacturing plants expansion in country, and improved availability of manufactured products for productive use.

Impact information

Applies to investments made from 2019 onwards. The tabs in this section define what we expect to achieve through the investment, assessing the potential impact of the investment against six dimensions of impact. You can find more details on our methodology of assessing impact here.



Create economic opportunities for the labour force in Bangladesh through employment creation and enhanced access to agricultural equipment for productive use.



Direct: Support ACI Motors’ growth and continued expansion into manufacturing and agricultural machinery financing


Stakeholder Geography Characteristics


Low income workers employed in ACI Motors’ manufacturing plants (direct jobs)



Primarily (85%) smallholder farmers (average farm size: 0.5 acre) accessing agricultural equipment and benefiting from ACIs’ financing scheme.

How much?

Scale Depth/Duration

Projected to create 250 manufacturing jobs (25% CAGR) and indirectly support 7m smallholder farmers by FY23/24

Impact depth excpeted to be significant, especially for low-income workers and the prevoiusly unemployed (or underemployed)


  • Financial additionality: Support the expansion of ACI Motors’ manufacturing plants and financing for agricultural equipment scheme, thereby enhancing the scale of direct impact. Improve ACI’s financial position to ensure commercial viability and sustained impact.
  • Value additionality: Jointly help enhance governance and BI within the Company as part of an aligned consortium– thereby reducing negative impact risks


Execution Risk
  • Failure to deliver continued expansion and improved financial health at Company level could significantly dilute the impact thesis.

Reporting and Complaints Mechanism

The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to [email protected] or by mail. See more details on our Reporting and Complaints Mechanism here.

For any other general enquiries contact us at [email protected]

  • Key facts

    Last updated

    When the last quarterly update of the website database occurred.

    January 2024
    Project number

    An identifier number shared by investments in the same project.


    The current status of the investment (green flag for active and red flag for exited).


    The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.

    South Asia

    The countries from which we derive the value of our investment. Where value is derived from multiple countries, this is indicated.


    We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.


    We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.

    For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.

    For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.

    For direct equity investments, this is the date at which British International Investment exited the investment.

    For debt investments, this is the date at which the final debt repayment was made.

    For funds, this is the date at which the fund was terminated.

    For underlying fund investments, this is the date at which the fund manager exited the investment.

    The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.

    For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.

    The currency in which the investment was made.

    Investment type :
    Start date :
    May 2021
    Amount :
    Currency of investment :
    Fund Manager:
    New Frontier Investments

    The company or investment fund’s place of incorporation.


Investments made by this fund into companies:

For further information about these companies, visit

Investment name Country Region Sector Start date Status
ACI Motors Limited Bangladesh South Asia Manufacturing September 2021 Active

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