CapMan Russia II Fund

Location:

Russia

Project number:

43739

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

13 Jun 2012

Status:

Signed

PSD disclosed:

27 Apr 2012

Translated version of this PSD: Russian

Project Description

The EBRD is considering an equity investment of up to EUR 50 million, but not exceeding 30 per cent of total aggregate capital commitments, to CapMan Russia II Fund (“CapMan II” or “Fund”), a private equity investment fund to be registered in Guernsey as a limited partnership.

CapMan II is the successor fund to CapMan Russia Fund and is managed by CapMan (Guernsey) Russia II GP Limited and advised by CapMan Private Equity Advisors Limited (“CapMan Russia team”), both members of the CapMan Group, a large Nordic private equity fund management platform with more than EUR 3bln of assets under management.

The Fund will take significant minority equity stakes, backing committed management teams across a variety of sectors in which either the CapMan Russia team or CapMan itself has experience.The Fund will aim to invest in companies that have considerable potential for growth, a dedicated management team with a proven track record, and a commitment to improve corporate governance and transparency.

Transition Impact

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

(i) Market expansion, by increasing the availability of institutional quality long-term equity financing to small and medium sized enterprises in Russia.
(ii) Demonstration effect for raising and investing private equity funds with a focus on Russian regional small and medium sized enterprises.
(iii) Promotion and enhancement of high standards of corporate governance and integrity in the Fund and investee companies.

The Client

The Fund will be managed by CapMan (Guernsey) Russia II GP Limited, a Guernsey limited liability company (under establishment) owned by CapMan Plc.

EBRD Finance

The Bank will invest the lesser of EUR 50 million or 30% of aggregate commitments.

Project Cost

The target size of the Fund is EUR 175 million.

Environmental Impact

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 should ensure investee companies comply with national environmental, OHS, social and labour standards.

The Fund will be required to provide to EBRD annual reports on environmental and social matters and the implementation of Performance Requirements 2 and 9.

Technical Cooperation

None.

Company Contact

Hans Christian Dall Nygård
Senior Partner

CapMan Private Equity Advisors Limited
10 Arbat Str.
Moscow, 119002, Russia

E-mail: hans.christian.dall.nygard@capman.com

Tel: +7 (495) 620-4885
Fax: +7 (495) 620-4886

 

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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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.