Project description
and objectives:
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The proposed project is a regional private equity fund with a target size of
EUR 150-200 million. The Fund will invest for long-term capital appreciation
through privately-negotiated transactions in equity of companies operating in
the Czech Republic, Hungary, Poland and other countries in central and eastern
Europe.
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Transition impact:
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Transition impact stems from demonstration effects through sound investments
in growing privately owned companies in central and eastern Europe. The
general partner is expected to adopt a hands-on approach by taking board
positions in portfolio companies and transferring technical expertise and know
how. Through the significant involvement of its local teams, the Fund is
expected to contribute towards the transfer of vital investment skills to
local managers based in the region. The Bank’s investment will also support
the fund manager in its transition from a captive into an independent private
equity manager following spin-off from its original sponsor, and thereby help
build an independent fund management institution capable of raising and
intermediating long term capital locally.
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The client:
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Argus Capital Partners II LP is a private equity fund to be established as
Jersey limited partnership under the Limited Partnerships (Jersey) Law 1994.
ARGUS Capital (General Partner II) Limited will be the Managing General
Partner and will provide advice and assistance with respect to investment
decisions and other activities of the Fund.
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EBRD finance:
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Commitment to invest up to EUR 30 million. The co-financing is expected from a
range of institutional investors, including European, Asian, Middle Eastern
and US institutional investors.
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Total project cost:
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Target size of the Fund is EUR 150-200 million; maximum allowed size is EUR
250 million.
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Environmental impact:
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The Fund will follow the EBRD's Environmental Procedures for Private Equity
Funds. In implementing these procedures, the Fund will assess potential
environmental issues associated with its investments which are required to
comply, at a minimum, with local/national health, safety, labour,
environmental and public consultation requirements.
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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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Ali Artunkal, Managing Partner
Email:
ali.artunkal@arguscapitalgroup.com
Phone: +44 20 7439 0088
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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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