Project description
and objectives:
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The proposed project is to invest in a regional private equity fund with a
target size of EUR 350 million. The Fund will invest with the objective of
providing investors with significant long-term capital returns through
private, directly negotiated investments in companies operating primarily in
South Eastern Europe.
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Transition impact:
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Transition impact stems from supporting Global Finance in its move to become a
pan-Balkan private equity group, consolidating investment activities across
different countries under a single fund. Further impact comes from increased
supply of capital to South East Europe, as well as demonstration effects
through sound investments in the region. The Fund manager is expected to adopt
a hands-on approach by taking positions on boards of portfolio companies and
transferring technical expertise to the portfolio companies.
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The client:
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Global Finance South Eastern Europe Fund L.P. is a private equity fund managed
by the SEE Partners, a subsidiary of Global Finance International Ltd., the
Adviser to the Fund. Global Finance is a well established private equity group
which has been investing in Bulgaria and Romania since 1994.
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EBRD finance:
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Commitment to invest EUR 50 million.
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Total project cost:
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The maximum size of the Fund is EUR 350 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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Mihalis N. Madianos
Mr. 2 Parnassou Street & Kifissias Avenue
15124
Maroussi,
Greece
Tel: +30 (210) 812 4500/+30 (210) 805 5430
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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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