Project number:


Business sector:

Information and Communication Technologies

Notice type:


Environmental category:


Approval date:

25 Jun 2013



PSD disclosed:

28 May 2013

Translated version of this PSD: Russian

Project Description

The EBRD is considering an equity investment into MAYKOR (Service Holding Company LLC or the “Company”) for an amount of up to USD 25 million as part of a USD 100 million capital increase. Co-investors include Russian Direct Investment Fund with an investment of up to USD 50 million and CapMan Russia II fund. The financing will enable MAYKOR to

(i) realise its acquisition strategy leading to increased scale of operations and

(ii) maintain high pace of organic growth in the regions of Russian Federation.

Transition Impact

The Project will facilitate MAYKOR’s market expansion primarily by increasing its geographic footprint and thus allowing large and SME type companies relying on IT equipment to follow MAYKOR’s expansion in order to enter the same, new regions.

EBRD financing would support MAYKOR’s M&A programme and eventually the operational restructuring of the acquired companies. Thus, the demonstration effect of successful restructuring, bringing small companies into a single one would improve operational efficiency resulting in realisation of synergies.

Moreover, the Bank will assist the Company in implementing highest corporate governance standards including introduction of IFRS reporting and audits by a reputable firm as well as a functioning supervisory board.

The Client

MAYKOR is a Russian equipment and IT maintenance company and is the only independent firm with a complete regional footprint. The Company is focused on providing outsourcing services such as equipment maintenance, engineering equipment maintenance and IT outsourcing through 84 regional offices across a number of industry segments.

EBRD Finance

Up to USD 25 million equity investment in MAYKOR.

Project Cost

Up to USD 100 million equity round.

Environmental Impact

The project was categorised “B” by European Bank for Reconstruction and Development (EBRD), which means that an environmental and social analysis was required by the Bank, in accordance with the 2008 Environmental and Social Policy and Performance Requirements (PRs).

The project is unlikely to be associated with significant environmental and social impacts. Based on the environmental and social due diligence, an Environmental and Social Action Plan has been developed to address: assignment of an environmental manager and implementation of an environmental management system, implementation of an employee grievance mechanism and strengthening of traffic safety measures. The company is required to ensure that the project comply with PRs and submit an annual environmental and social report to the Bank

Technical Cooperation


Company Contact

Vadim Grishin, Vice-President of Investor Relations
Tel: +7 495 787 45 00; Fax: +7 795 787 45 01


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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

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