Project description
and objectives:
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The proposed project is a regional mezzanine fund with a target size of EUR
200 million. The Fund aims to invest in mezzanine and equity financing
instruments in mid-cap companies in central European and Balkan countries. The
fund may also invest up a minority of its capital in companies in the Ukraine
and Russian Federation. Accession Mezzanine Capital II is a follow-on fund to
Accession Mezzanine Capital I.
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Transition impact:
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The proposed investment in the Fund will serve three main purposes:
(i) supporting a early mover regional mezzanine fund active in the region
(ii) demonstrating mezzanine as an alternative way to finance businesses
(iii) providing capital and restructuring of mid-sized companies in Central
Europe, the Balkans, Ukraine and Russian Federation.
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The client:
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Accession Mezzanine Capital II, will be established as an English limited
partnership. It will be managed by Mezzanine Management Central Europe and
will continue the strategy of its predecessor, Accession Mezzanine Capital I.
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EBRD finance:
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Commitment to invest up to EUR 40 million. It is expected that the other
investors may include a range of institutional investors, banks and other
private investors, including European and US institutional investors.
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Total project cost:
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The target size of the Fund is EUR 200 million with a maximum of EUR 250
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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Franz Hörhager, Executive Director
Mezzanine Management GmbH
Kohlmarkt
5/6
A-1010 Vienna, Austria
Fax +43 1 532-8990 20,
Tel +43 1 532-8990,
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EBRD contact:
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Iliya Mihov, Operation Leader: mihovi@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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