Project description
and objectives:
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As part of its commitment to support the private sector, the EBRD is considering participating in UFG Private Equity Fund II, which will invest in medium-sized enterprises with significant growth potentials, established and operating in CIS countries.
The target size of the fund is USD 500 million.
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Transition impact:
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An investment in UFG Private Equity Fund II offers the Bank the opportunity to support one of the truly local private equity teams in Russia by helping them raise the second fund and attract new institutional investors to the CIS market. The team’s competences, combined with the Fund’s hands-on and control-oriented investment strategy, will add value to the investee companies.
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The client:
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The Fund’s priority targets are Russia, Ukraine, Kazakhstan and Belarus. The fund will provide expansion capital and buy-out financing across a broad range of key growing and mainly consumer-driven market sectors, including media & telecommunications, business services, insurance, logistics & transportation, financial services, retail and construction materials.
The Fund will be a successor fund to UFG Private Equity Fund I, which was raised and managed by the core team of professionals who will be managing Fund II.
The fund will be managed by UFG Capital Partners which is owned and led by the principal partners of former United Financial Group, one of the Russia’s top-tier private investment bank. The team of investment professionals is entirely Moscow-based.
The Fund Manager will be also a significant investor in the Fund.
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EBRD finance:
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Up to USD 50 million.
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Total project cost:
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The target size of the fund is USD 500 million. The maximum size is capped at USD 700 million.
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Environmental impact:
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The fund will follow the EBRD’s Environmental Procedures for private equity funds. In implementing these procedures, the fund will assess potential environmental issues associated with its investments, all of which are required to comply at a minimum with local/national health, safety and environmental standards, regulations and public 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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Dimitri Elkin, Managing Director
UFG Private Equity
5 Petrovka Street,
107031, Moscow, Russia
Tel: +7 (495) 721-1212
Fax: +7 (495) 721-1210
Email: DElkin@ufgam.com
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EBRD contact:
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Zulfira Akhmedova, Operation Leader: akhmedoz@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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