Baltcap Private Equity Fund II

Location:

Regional

Project number:

44847

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

26 Nov 2013

Status:

Signed

PSD disclosed:

14 Jun 2013

Project Description

The EBRD is considering an investment of up to EUR 20 million to BaltCap Private Equity Fund II (the “Fund”). The Fund will invest in equity and equity-related securities of small or medium sized enterprises (“SMEs”) and Small Mid-Cap enterprises (“SMCs”) in Estonia, Latvia and Lithuania (the “Baltics” or “Baltic States”).

Transition Impact

The transition impact of the proposed project would come from the following areas:

(i) the Fund will facilitate improved access of SMEs and SMCs in the Baltics to equity capital and provide wider demonstration of the attractiveness of private equity financing;

(ii) the regional buy-and-build strategy of the Fund will facilitate much needed consolidation of SMEs and SMCs in the Baltics and promote their 'regionalisation'’; this will also demonstrate to other private equity funds and companies the viability of a cross-border consolidation strategy in the Baltics;

(iii) the Fund will promote high standards of corporate governance and integrity at the level of the Fund and the investee companies.

The Client

BaltCap is a leading private equity and venture capital fund manager in the Baltics, investing in the region since 1996.

EBRD Finance

The Bank will invest up to EUR 20 million.

Project Cost

The target size of the Fund is EUR 100 million.

Environmental Impact

Categorised FI.

The Fund will be required to comply with EBRD Performance Requirements 2 (Labour and Working Conditions) and 9 (Financial Intermediaries) and implement the EBRD's Environmental and Social Procedures for Active Equity Investments.

The Fund will be required to submit an annual environmental and social report to the Bank.

Technical Cooperation

None.

Company Contact

Martin Kõdar
Managing Partner
martin.kodar@baltcap.com
Tartu mnt. 2,
10145 Tallinn, Estonia

Tel: +372-6650-280
Fax: +372-6650-281

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

General enquiries

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Email: projectenquiries@ebrd.com

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