Project description
and objectives:
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The proposed project is an investment in a FSU-focused private equity fund
with a target size of USD 300 million. The Fund will aim to achieve long-term
capital appreciation through privately-negotiated transactions in equity of
medium-sized companies operating in the countries of Former Soviet Union,
primarily Russia, Ukraine and Kazakhstan.
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Transition impact:
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Transition impact stems from the support of a strategic entry into the private
equity business by a key Russian investment firm, and offering of much needed
equity finance to Russia, Kazakhstan and Ukraine, while promoting best
international standard of business ethics and corporate governance. The
proposed project will have significant demonstration effects through sound
investments in medium sized, privately-held companies, where the general
partner will be actively involved in restructuring and optimisation of the
operations, as well as and transferring technical expertise and know-how.
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The client:
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The Russia New Growth Fund LP is a private equity fund sponsored by the Troika
Dialog Group (TDG). The General Partner of the Fund is Troika General Partner
Ltd, which is jointly owned by TDG and Temasek Holdings, an Asia investment
firm headquartered in Singapore that manages a diversified USD 80 billion
portfolio. The Fund will be managed by Troika Capital Partners, the private
equity arm of TDG.
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EBRD finance:
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Commitment to invest USD 35 million.
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Total project cost:
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The maximum size of the Fund is USD 300 million.
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Environmental impact:
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The Fund will adopt and implement the EBRD’s Environmental Procedures for
Private Equity Funds which includes compliance with the EBRD’s Environmental
Exclusion and Referral List and provision of an Annual Environmental Report.
Investee companies will be required to comply, at a minimum, with national
standards for environment, health, safety, and labour regulations.
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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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Mr. Serguei Skvortsov, CEO
Troika Capital Partners
4 Romanov
per., 125009
Moscow, Russia
Tel +7 495 2580534
Fax +7 495 2580536
Email: Serguei_Skvortsov@troika.ru
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EBRD contact:
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Konstantin Torgov, Operation Leader: torgovk@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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