An equity commitment of up to EUR 15 million in favour of BPM Mezzanine Fund II L.P. (the "fund").
Thr fund seeks to make mezzanine and quasi-equity investments into companies predominantly in the small and medium-sized enterprise (SME) segment in Estonia, Latvia, Lithuania and Poland (the "target region")
ETI score: 64
The Bank's proposed investment will provide long-term mezzanine financing to SMEs and small mid-cap companies and support a follow-on fund of an experienced fund manager in the target Rregion. The project supports the mezzanine segment of the private equity market and contributes to the development of capital markets in the target region.
BPM MEZZANINE FUND II
The fund will be managed by BPM Mezzanine Fund II Management OU and advised by BPM Capital 2 OU.
EBRD Finance Summary
Total Project Cost
Target fund size is EUR 70 million.
Environmental and Social Summary
Categorised FI (ESP 2019). The Fund Manager is familiar with EBRDs Performance Requirements (PR) through our involvement in the BPM Fund I. For the BPM Fund II, the Fund Manager will need to continue to comply with EBRD's PR 2, 4 and 9, implement the EBRD Environmental and Social Risk Management Procedures for Active Equity Funds, and submit Annual Environmental and Social Reports to the Bank. The 2019 AESR of BPM Mezzanine Fund I has been reviewed by ESD during the due diligence to assess compliance with the PRs; the E&S Risk Management Procedures are reported to be implemented, and most of the loans are low risk. BPM is targeting mezzanine and quasi-equity investments predominantly in small and medium enterprises in sectors such as manufacturing and production, services and distribution.
Company Contact Information
+372 605 0073
Roosikrantsi 11, 10119, Tallinn
PSD last updated
14 May 2021
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Environmental and Social Policy (ESP)
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More information on the EBRD’s practices in this regard is set out in the ESP.
Integrity and Compliance
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Access to Information Policy (AIP)
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Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email email@example.com to get guidance and more information on IPAM and how to submit a request.