Actera III

Location:

Turkey

Project number:

49507

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

20 Jun 2018

Status:

Signed

PSD disclosed:

23 Apr 2018

Translated version of this PSD: Turkish

Project Description

An equity commitment in favour of Actera III (the "Fund").

Project Objectives

The Fund seeks to generate long-term capital gains from equity and quasi-equity investments in midcap companies, predominantly in Turkey.

Transition Impact

The Bank's proposed investment will provide long-term equity financing to mid-cap companies and support a follow-on fund of an experienced fund manager in Turkey. As such, this project supports the mid-cap focused segment of the private equity market in Turkey, and the development of Turkey's capital markets.

Client Information

ACTERA PARTNERS III L.P.

The Fund will be managed by Actera Partners III (G.P.) Limited and advised by Actera Group Limited.

Environmental and Social Summary

Categorised FI (ESP 2014). The Fund Manager will be required to comply with EBRD's Performance Requirements ("PRs") 2, 4 and 9 which includes adherence to the EBRD's E&S Exclusion List, implementing the EBRD's E&S Risk Management Procedures for Active Equity Funds. The Fund Manager must submit Annual Environmental and Social Reports to the EBRD on the implementation of the Bank's PRs as well as the Fund's Environment and Social Management System.

Technical Cooperation

None.

Company Contact Information

Actera Group
info@acteragroup.com
+90 216 516 0101
www.acteragroup.com

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

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Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.