Centras PEF

Location:

Regional

Project number:

37457

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

12 Dec 2006

Status:

Completed

PSD disclosed:

03 Nov 2005

Project Description

Centras Private Equity Fund (the “Fund”) is a private equity fund that will seek intermediate and long-term capital appreciation by making primarily equity and equity-like investments in the companies operating in or exporting products or services from Kazakhstan, Russia and Central Asia.

The Fund will invest in early stage growth companies with potential to be market leaders in the financial services, consumer goods & services, basic materials, alternative telecoms in Kazakhstan (at least 70% of Fund’s capital), Russia and Central Asia. The target size of investments is USD 4.5 to 7.5 million.

 

 

 

Transition Impact

The Fund will support the development of private companies in the region through operational and strategic restructuring.

The team of the Fund has a good track record of active management of companies and will continue to use the same approach in the Fund’s investments.

 

The transition impact of the proposed project will be most pronounced in the following four areas:

1) institution building and development of private equity market;

2) restructuring of investee companies and transfer of skills;

3) demonstrating that private equity funds are a sustainable form of financing; and

4) improvement of corporate governance.

 

The Client

The Fund will be established by Centras Capital Partners (the “General Partner”), a private limited company incorporated under the laws of Guernsey. The General Partner is an affiliate of Centras Securities, a joint-stock company established under the laws of Kazakhstan. The General Partner will appoint Centras Securities (most likely through its wholly owned subsidiary) as an investment manager of the Fund (the “Investment Manager”).

EBRD Finance

The EBRD proposes an equity investment of 20% of the aggregate fund size to a maximum USD 15 million.

Project Cost

Total fund size is estimated at USD 75 million for the final closing. The first closing target is USD 30 million.

Environmental Impact

The Fund will be required to adopt and implement the EBRD’s Environmental Procedures for Funds which includes compliance with the EBRD’s Environmental Exclusion and Referral List and provision of an Annual Environmental Report. Investee companies will be required to comply, at a minimum, with national standards for environment, health, safety and labour.

Technical Cooperation

None.

Company Contact

Mr. Eldar Abdrazakov, Managing Director
E-mail: eabdrazakov@centrascapital.com

Mr. Dauren Alipbayev, Managing Director
E-mail: dalipbayev@centrascapital.com

Centras Capital
240 G Furmanov Street
CDC Business Center 9th Floor
Almaty 050059
Kazakhstan

Tel: +7 3272 59 88 77
Fax: +7 3272 59 88 87

 

 

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.