Project description
and objectives:
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The proposed project is a regional mezzanine fund with a target size of up to
EUR 150 million. The Fund aims to provide investors with returns comprising
current income and medium-term capital appreciation, derived from a portfolio
of Central European mezzanine investments, diversified by sector and geography.
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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 mezzanine
managers in the region, restructuring of investee companies, and demonstration
effects of the new transaction structures as the new ways to finance
companies, including companies in the less advanced transition countries.
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The client:
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Syntaxis Mezzanine Fund I LP will be established as a Guernsey limited
partnership.
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EBRD finance:
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Commitment to invest up to EUR 25 million. It is expected that the other
investors may include a range of commercial banks, investment banks and other
private investors, 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 150 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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Ben Edwards, Managing Partner
Syntaxis Capital
Blumenstockgasse 5/7
A-1010 Vienna, Austria
Tel: +43 1 513-4469
Fax: + 43 1 513 4581
Email: edwards@syntaxis-capital.com
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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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