Project description
and objectives:
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The framework will consist of a number of investments into Internet-related companies located in central and eastern Europe (CEE) and the Commonwealth of Independent States (CIS). It will provide an important source of financing for new SMEs in the region. This framework will complement the Bank’s other efforts in financing opportunities related to the Internet and allow the Bank to respond to smaller-sized and faster-moving opportunities.
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Sub-projects:
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- Internet Framework - Rila Solutions
- Hermes Softlab
- GlobalNET
- Internet Framework - Laserbit
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Transition impact:
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The framework aims to stimulate the growth of the new economy in the region by placing the Bank in a position to be able to respond to investment opportunities in this field and support promising management teams. It will assist the region in becoming more competitive in a key emerging economic field, with the corollary economic benefits of increased efficiency that Internet usage can bring.
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The client:
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A variety of Internet-related investment vehicles or stand-alone companies focused on Internet-related activities in CEE and the CIS. See table below for details of individual investments.
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EBRD finance:
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Equity and quasi-equity investments totalling up to US$ 30 million (€35.4 million) to be co-financed with various industrial and private equity co-investors.
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Total project cost:
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At least US$ 100 million (€117.6 million).
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Environmental impact:
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The operation was screened C/0. All investee companies will be required to conduct their business and operations in accordance with national health, safety, and environmental regulations and standards. In the case of the EBRD investing in a financial intermediary (FI), the FI will be required to use the EBRD's environmental procedures for FIs when appraising and monitoring investments.
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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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Janis Feldmanis, Operation Leader: feldmanj@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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