The proposed project, Genesis Private Equity Fund (GPEF), is a follow-on fund of the Czech and Slovak Private Equity Fund (CSPEF) managed by Genesis Capital in partnership with Advent International. The fund would make private equity investments in the Czech and Slovak Republics with a focus on small and medium-sized enterprises.
The Fund will provide much-needed equity capital primarily for small and medium-sized local enterprises. The Fund will take a hands-on approach in providing financial, technical and business expertise to the investee companies.
The Fund will focus on small and medium enterprises providing both financing and expertise of modern business practices. Successful investee companies will provide strong models for similar projects to both investors and entrepreneurs.
Genesis Capital is an affiliate and exclusive partner for the Czech and Slovak Republics of Advent International. The team has managed the €20 million Czech and Slovak Private Equity Fund, which is now almost fully invested. Genesis Private Equity Fund will be a €40 million follow-on Fund, which will invest exclusively in the Czech and Slovak Republics.
The EBRD will contribute up to €8 million in the Fund.
The Fund will have a total size of €40 million.
The Fund will follow the EBRD's Environmental Procedures for Investment Funds. In implementing these procedures, the Fund will assess potential environmental issues associated with its investments, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements.
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