BPM Mezzanine Fund

Location:

Regional

Project number:

44262

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

26 Mar 2014

Status:

Signed

PSD disclosed:

28 Jan 2014

Project Description

EBRD is considering providing an equity commitment of up to EUR 10 million to BPM Mezzanine Fund (the “Fund”), an investment fund to be established as a partnership limited by shares.
The Fund will provide mezzanine financing with equity participation features primarily to small and medium sized enterprises (“SMEs”) in Estonia, Latvia, Lithuania and Poland (the “Target Region”).

Transition Impact

EBRD’s potential investment will support the development of a new investment team and will facilitate the expansion of the mezzanine market in the Target Region.  It will provide long term growth capital primarily to SMEs, a segment of the economy which remains underserved by the financial markets.
The project is also expected to contribute to the promotion of best practices in corporate governance in funds and investee companies.  

The Client

BPM Capital OÜ, a limited liability company registered in Estonia.

EBRD Finance

The Bank is proposing to make an equity commitment of up to EUR 10 million.

Project Cost

The Fund is targeting EUR 50 million in aggregate investor commitments at final closing

Environmental Impact

Categorized FI. The Fund will be required to comply with the EBRD's Performance Requirement 2 (Labour and Working Conditions) and Performance Requirement 9 (Financial Intermediaries).
The Fund will be required to adhere to the EBRD's Environmental and Social Exclusion and Referral lists, implement the EBRD’s Environmental and Social Procedures for Active Equity Investments and submit annual environmental and social reports to EBRD.

Technical Cooperation

None

Company Contact

Mr Kalmer Kikas (Managing Partner)
Tel: +372 50 19745
Email: kalmer.kikas@bpmcapital.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

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Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

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.