SigmaBleyzer Southeast European Fund IV CV

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 36537

Status Disbursing

Location

Regional

Business Sector

Equity Funds

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 36537

Status Disbursing

Location

Regional

Business Sector

Equity Funds

Notice Type

Private

Environmental Category

Approval Date

29 Nov 2005

Disclosure date

28 Oct 2005

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

The proposed project is to invest in SigmaBleyzer Southeast European Fund IV operating primarily in Ukraine, Bulgaria and Romania. The Fund’s target size is EUR 250 million.

The EBRD's key objectives in supporting the fund are:

to provide equity capital to local private companies to help finance the expansion of their business
to support the development of private equity fund management teams in Ukraine, Bulgaria and Romania;
facilitate transfer of knowledge and create positive demonstration effects on other private sector companies.

Transition Impact

Transition impact will be achieved by:

helping build a sustainable focused private equity fund management group in Ukraine and Southeastern Europe;
SigmaBleyzer’s hands on approach, support for the restructuring and/or development and corporate governance of investee companies
the demonstration effects to other companies and investors in the region.

The Client

SigmaBleyzer Southeast European Fund IV C.V., a Netherlands Limited Partnership, whose General Partner is SEGF B.V., a Netherlands Limited Liability Company that is ultimately controlled by Michael Bleyzer, Lev Bleyzer and Valeriy Dema.

EBRD Finance

EBRD investment will be up to EUR 50 million, of which EUR 25 million will be committed at the second closing of the Fund, subject to a maximum of 20% of the total committed amount of the Fund. The other investors will include private investors as well as institutional investors in the region.

Project Cost

Up to EUR 250 million.

Environmental Impact

The Fund will be required to implement environmental procedures based on the Bank’s Environmental Procedures for Private Equity Funds, which include the Bank’s Environmental Exclusion and Referral List. As a matter of policy, investee companies will be required to comply, at a minimum, with national regulations for environment, health and safety.

Technical Cooperation

None.

Company Contact

SigmaBleyzer; Mr Michael Bleyzer

Email: mbleyzer@sigmableyzer.com

Tel: +38 044 244 94 90 or +1 713 621 3111

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

Our story

How we invest in changing lives

What we offer for businesses

Search