The proposed project is a regional private equity fund with a target size of EUR 150-200 million. The Fund will invest for long-term capital appreciation through privately-negotiated transactions in equity of companies operating in the Czech Republic, Hungary, Poland and other countries in central and eastern Europe.
Transition impact stems from demonstration effects through sound investments in growing privately owned companies in central and eastern Europe. The general partner is expected to adopt a hands-on approach by taking board positions in portfolio companies and transferring technical expertise and know how. Through the significant involvement of its local teams, the Fund is expected to contribute towards the transfer of vital investment skills to local managers based in the region. The Bank’s investment will also support the fund manager in its transition from a captive into an independent private equity manager following spin-off from its original sponsor, and thereby help build an independent fund management institution capable of raising and intermediating long term capital locally.
Argus Capital Partners II LP is a private equity fund to be established as Jersey limited partnership under the Limited Partnerships (Jersey) Law 1994. ARGUS Capital (General Partner II) Limited will be the Managing General Partner and will provide advice and assistance with respect to investment decisions and other activities of the Fund.
Commitment to invest up to EUR 30 million. The co-financing is expected from a range of institutional investors, including European, Asian, Middle Eastern and US institutional investors.
Target size of the Fund is EUR 150-200 million; maximum allowed size is EUR 250 million.
The Fund will follow the EBRD's Environmental Procedures for Private Equity 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, labour, environmental and public consultation requirements.
Ali Artunkal, Managing Partner
Phone: +44 20 7439 0088
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