Project description
and objectives:
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The BVPEF IV and BV Fund IV Co-Invest (the BV IV Funds) will seek intermediate
and long-term capital appreciation through negotiated transactions involving
primarily equity and equity-like investments in companies operating in
middle-market enterprises operating primarily in Russia, Kazakhstan and
Ukraine as well as other CIS, Baltic countries and Mongolia.
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Transition impact:
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The proposed project envisages a commitment to the BV IV Funds, the successor
funds to First NIS Regional Fund (FNIS), NIS Restructuring Facility (NISRF),
Baring Vostok Private Equity Fund (BVPEF) and BVPEF III, all managed by Baring
Vostok Capital Partners Limited (BVCP), a private equity firm.
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The client:
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The BV IV Funds are well-positioned to meet the transition criteria of EBRD as
they are to be managed by one of the most experienced and dedicated private
equity teams in Russia/CIS. By supporting the BV IV Funds, the EBRD will
support a leading private equity group with a strong franchise in the region
thus contributing to the development of the local private equity market and
consolidation of scarce financial resources in the hands of well qualified and
successful managers.
Since 1994, the Baring Vostok team has invested about USD 550 million in 46
companies in Russia and the CIS. The team has a successful track record in all
forms of private equity investments in CIS which is evidenced by successful
exits, good corporate governance history and network of industry and political
contacts that are crucial for any long-term business strategy. Through the
Funds, the Bank will support the strategic entry into the private equity
business by reputable and established foreign investors. As a result Baring
Vostok can be rated as having strong transitional impact, as well as a good
track record in one of the most difficult and volatile environments for
private equity investments.
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EBRD finance:
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Up to an aggregate amount of USD 80 million in equity to BV PEF IV and BV Fund
IV Co-Invest.
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Total project cost:
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BVPEF IV : USD 1 billion
BV Fund IV Co-Invest: USD 400 million
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Environmental impact:
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The Fund will carry out its operations in accordance with the EBRD's
Environmental Procedures for Private Equity Funds. The Procedures include
compliance with the Bank's Environmental Exclusion and Referral List. The Fund
will be required to submit annual environmental reports to the EBRD. Investee
companies will be required to comply, at a minimum, with all applicable
national health, safety, environmental and public information/consultation
requirements.
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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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Michael Calvey , Co-Managing Partner
Ducat Place II, Suite 750,
Gasheka str. 7, bldg 1
Moscow, 123056, Russia
Tel: +7 495 967 13 07
Fax: +7 495 967 13 08
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EBRD contact:
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Galia Amirova, Operation Leader: amirovag@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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