BaltCap Private Equity Fund III

Location:

Regional

Project number:

51009

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

24 Jul 2019

Status:

Signed

PSD disclosed:

28 May 2019

Translated versions of this PSD: Estonian | Latvian | Lithuanian

Project Description

An equity commitment in favour of BaltCap Private Equity Fund III (the "Fund").

Project Objectives

The Fund seeks to generate long-term capital gains from equity and quasi-equity investments in small to mid-cap companies, predominantly in Estonia, Latvia and Lithuania.

Transition Impact

The project will contribute to increasing the availability of private equity capital in the Baltic States which will strengthen the resilience of the financial system as well as 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

USALDUSFOND BALTCAP PRIVATE EQUITY FUND III

The Fund will be managed by OU BaltCap Private Equity Fund III Management and advised by AS BaltCap.

EBRD Finance Summary

EUR 35,000,000.00

An equity commitment of up to EUR 25 million in favour of the Fund, as well as a potential commitment of up to EUR 10 million in a passive supplementary investment facility.

Total Project Cost

EUR 135,000,000.00

The Fund is targeting total commitments of up to EUR 125 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 the 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

AS BaltCap
info@baltcap.com
+372 665 0280
+372 665 0280
www.baltcap.com
Tartu mnt. 2/Tallinn 10145

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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