Project description
and objectives:
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The proposed project is a regional private equity fund with a target size of
up to EUR 500 million. The Fund will seek to invest directly in equity and
equity related securities of companies operating in Central and South Eastern
Europe.
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Transition impact:
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The transition impact of the proposed project would come from the following
three areas: institution building and development of sustainable private
equity managers in the region, restructuring of investee companies and
accelerating the creation and development of industry leaders in the region,
and demonstration effects of new ways to finance activities in less advanced
transition countries.
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The client:
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AIG New Europe Fund II, L.P. will be a Cayman Islands exempted limited
partnership.
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EBRD finance:
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Commitment to invest up to EUR 50 million. It is expected that the other
investors may include a range of insurance companies, pension funds, banks
including European and US institutional investors.
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Total project cost:
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The maximum size of the Fund is EUR 500 million.
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Environmental impact:
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The Fund will be required to implement environmental procedures based on
EBRD’s Environmental Procedures for Private Equity Funds which include the
Bank’s Environmental Exclusion List. Investee companies will be required to
comply, at a minimum, with national requirements for environment, health and
safety local and EU environmental standards. An Annual Environmental Report
will be prepared by the Fund and submitted to the Bank for approval.
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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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Rossen Hadijev, Director, Warsaw office
AIG Capital Management,
Stratos Office Center
ul. Skorupki 5,
Warsaw 00-546,
Poland
Tel : +48 22 583 7000;
Fax +48 22 583 6940
Email: Rossen.Hadjiev@aigcp.pl |
EBRD contact:
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Michael Bastholt, Operation Leader: bastholm@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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