Project description
and objectives:
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An equity investment fund which will make equity and equity-related investments in private and privatising small and medium-sized Polish companies with the objective of achieving long-term capital appreciation. The Fund will facilitate access by Polish private and privatising companies to equity finance. Investments will include companies in the Mass Privatisation Programme, initial public offerings, private placements in companies earmarked for privatisation, joint ventures between Polish and foreign companies, and start-up companies.
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Transition impact:
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The project will strengthen the privatisation process in Poland, including the Mass Privatisation Programme, promote standards in equity capital market operations and strengthen the SME (small and medium-sized enterprises) sector in Poland.
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The client:
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Polish Enterprise Fund, to be a Delaware (United States) limited partnership. The Fund will be managed by Enterprise Investors Corporation, a company to be organised under the laws of Delaware.
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EBRD finance:
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US$ 30 million equity investment (ECU 23.5 million equivalent).
US$ 120 million from private investors.
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Total project cost:
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US$ 150 million (ECU 117.5 million equivalent).
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Environmental impact:
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C/0: The project does not require an environmental analysis or an environmental audit. The investment operations of the Fund will be covenanted to comply with the Bank's "Environmental Procedures for Funds in which EBRD Invests", which will be incorporated in the Fund's Investment Policy. The Bank will receive regular environmental reports from the Fund.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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EBRD contact:
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Wojciech Ciszek, Operation Leader: ciszekw@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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