EMERGING EUROPE CAPITAL INVESTORS LDC

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 5073

Status Complete

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 5073

Status Complete

Location

Regional

Business Sector

Equity Funds

Notice Type

Private

Environmental Category

Approval Date

01 Dec 1998

Disclosure date

28 Jul 1998

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

A direct equity fund investing mainly in central and eastern Europe.

The fund's objective is to achieve substantial long-term capital appreciation through the purchase, active management and disposition of a portfolio of direct equity investments in central Europe.

Transition Impact

The fund will contribute directly to enhancing entrepreneurship and the efficiency in portofolio companies by providing an active ownership role, strong governance and transfer of know-how to privatised and private companies.

The Client

Emerging Europe Capital Investors, LDC is an investment fund which will acquire equity and equity-related securities of companies operating in central and eastern Europe. The fund may also to a lesser extent invest in the Commonwealth of Independent States. The fund will be managed by European Direct Capital Management, a joint venture between State Street Corporation, a bank holding company listed on the New York Stock Exchange, and Emerging Europe Asset Management, a Prague-based emerging markets investment management firm.

EBRD Finance

The EBRD intends to commit up to US$ 30 million (ECU 27 million) to the fund's capital. The Bank's initial commitment is US$ 22.4 million. The Bank will also have the right to co-invest alongside the fund.

Project Cost

The fund closed with US$ 94.4 million of the initial capital and can have a maximum size of US$ 300 million.

Environmental Impact

The fund will follow the EBRD's Environmental Procedures for Investment Funds.

Technical Cooperation

None

Company Contact

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.

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