Project description
and objectives:
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The EBRD is considering committing up to EUR 12 million to a private equity fund with a target size of EUR 60 million. The fund will seek to invest directly in equity and equity related instruments of companies operating in Czech and Slovak Republics.
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Transition impact:
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The transition impact of the proposed project would come from the following areas:
(i) institution building and development of sustainable local private equity managers at the lower end of the middle market
(ii) demonstration effects of new ways to finance activities in the countries of the region
(iii) impact on investee companies through restructuring and implementation of improved business standards, support of extension of cross- border business activities.
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The client:
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Genesis Private Equity Fund II L.P. will be formed as a Guernsey limited partnership.
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EBRD finance:
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The EBRD will commit up to EUR 12 million.
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Total project cost:
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Target size of the fund is EUR 60 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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Jan Tauber and Radan Hanzl
Na Šafránce 22
101 00 Prague 10
Czech Republic
Tel.: +420 271 740 207
Fax: +420 271 740 208
E-mail: genesis@genesis.cz
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EBRD contact:
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Meltem Ankara, Operation Leader: ankaram@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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