Avia Capital Fund I

Location:

Poland

Project number:

50044

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

25 Apr 2019

Status:

Signed

PSD disclosed:

20 Dec 2018

Translated version of this PSD: Polish

Project Description

An investment in Avia Capital Fund I (the "Fund"), a private equity fund targeting small and medium sized enterprises (SMEs) in Poland.

Project Objectives

The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments in SMEs with typical enterprise values up to EUR 40 million.

Transition Impact

The project will contribute to increasing the availability of private equity capital in Poland which will strengthen the resilience of the corporate sector and help promote private and entrepreneurial
initiatives. Additionally, the Fund is expected to increase the competitiveness of its portfolio companies.

Client Information

AVIA CAPITAL MANAGEMENT SARL

The Fund will be managed by Avia Capital Management S.a r.l.

EBRD Finance Summary

EUR 15,000,000.00

An equity commitment of up to EUR 15 million.

Total Project Cost

EUR 100,000,000.00
The Fund is targeting total commitments of up to EUR 100 million.

Environmental and Social Summary

Categorised FI: (ESP 2014). The Fund will be required to comply with EBRD's Performance Requirements 2, 4 and 9, adopt and implement EBRD Environmental and Social Procedures for Active Equity Funds and submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Jakub Leonkiewicz, Partner
jakub.leonkiewicz@aviacapital.eu
http://www.aviacapital.eu/

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

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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

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 how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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