Project description
and objectives:
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The facility enables the Bank to co-invest alongside its portfolio private
equity funds, as well as other funds with established track record in the
countries of operations. The facility’s expected average size of deals is €2
million to €10 million.
The original co-investment facility of USD 73.5 million (EUR 80.2 million) set
up in June 2000 and extended till June 2006 is expected to fully utilise the
amount approved under the Facility in the first phase in November 2005. To
date, six projects have been signed under the Facility in Hungary, Poland,
Romania and Bulgaria in a wide range of industry sectors.
The EBRD is now considering an expansion of the Facility by an additional USD
120 million to be allocated in the course of a four-year period.
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Sub-projects:
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- Regional/Private Equity Fund Facility - Trigranit
- Regional/Private Equity Fund Facility - Eastbridge
- Regional/Private Equity Fund Facility - Trigranit II
- Regional/Private Equity Fund FacilityTerapia SA
- Regional/Private Equity Fund Facility - Opoczno
- BTC Mezzanine Co Investment Facility
- Project Closure
- ECI Restructured Loan
- Telelink
- Hansastroi
- BITE Group
- Project Cable Europa
- Co-Investment Facility - Bank Caspian.
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Transition impact:
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As the facility’s expected average size of deals is between €2 million and €10
million, the facility is expected to improve the Bank’s ability to provide
equity in smaller amounts than the Bank would normally consider. This is
expected to lead to an increase of provision of equity by the Bank to growing
private companies in the region, with the associated positive economic and
employment effects.
A further source of transition impact is that the equity will be provided to
companies selected by professional investment managers who have local
management teams and an active investment strategy. Hence the investments are
expected to provide not only growth capital but also value-added shareholding,
which has a positive impact on the corporate decisions and management of the
investee companies.
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The client:
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(i) Private equity funds in which the EBRD invested and their respective
portfolio companies.
(ii) Private equity funds in which the EBRD does not have participation that
have a good track record and reputation, and their respective portfolio
companies.
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EBRD finance:
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Expansion of the the Facility by a further USD 120 million to be invested over
a four year period ending on 15 November, 2009.
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Total project cost:
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For Phase II USD 120 million.
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Environmental impact:
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The facility will adopt within its investment policy the Bank’s "Environmental
Procedures for Private Equity Funds". In addition, investee companies under
the facility will be required to comply with national and EU/World Bank
requirements for environment, health and safety.
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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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N/A
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EBRD contact:
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Galia Amirova, Operation Leader: amirovag@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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