Project description
and objectives:
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The proposed project is to invest in the successor fund of the EBRD sponsored
Euroventures Ukraine Post Privatisation Fund (UPPF). The Fund will be the
first private equity fund raised by the fund manager (Euroventures Ukraine)
from a diverse pool of investors. EBRD will be a significant minority investor
whereas it financed virtually all of investments under the UPPF.
The main objectives of the Fund are
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to provide equity capital to local private companies to help finance the
expansion of their businesses
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to assist the fund manager build a sustainable private equity business
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to achieve positive returns to the Fund’s investors.
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Transition impact:
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Transition impact will be achieved by
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supporting the sustainability of one of the few active private equity teams in
Ukraine by helping them raise a 2nd fund, diversify their investor base, and
develop the team and investment strategy;
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through Euroventures Ukraine hands-on and control-oriented investment
strategy, to have a positive impact on the investee companies of the Fund; and
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through the Fund Manager’s considerable technical expertise, facilitate
transfer of knowledge and create positive demonstration effects in private
sector in the country.
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The client:
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Euroventures Ukraine, a fund manager for Euroventures Ukraine II Fund.
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EBRD finance:
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EBRD investment will be up to USD 25 million. EBRD will provide 1/3 of the
total committed amount of the Fund. The other investors will include private
investors as well as institutional investors active in the region.
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Total project cost:
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Up to USD 75 million.
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Environmental impact:
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The Fund will be required to implement environmental procedures based on the
Bank’s Environmental Procedures for Private Equity Funds, which include the
Bank’s Environmental Exclusion and Referral List. As a matter of policy,
investee companies will be required to comply, at a minimum, with national
regulations for environment, health and safety.
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Technical
cooperation:
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None for the proposed fund.
Its predecessor, UPPF, was a donor sponsored fund. The Dutch government
provided technical cooperation funds to be used to finance the fund management
expenses as well as pre-and post-investment support to the investee companies.
Canadian International Development Agency (CIDA) and the Swiss government also
provided technical assistance funds for pre- and post-investment support to
the local companies.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Euroventures Ukraine; Mr Valeriy Schekaturov
e-mail: valeriy@evu.kiev.ua;
Tel: +38 044 494 3237
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EBRD contact:
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Safiatou Lawson, Operation Leader: lawsons@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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