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.
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 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”).
The EBRD proposes an equity investment of 20% of the aggregate fund size to a maximum USD 15 million.
Total fund size is estimated at USD 75 million for the final closing. The first closing target is USD 30 million.
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.
Mr. Eldar Abdrazakov, Managing Director
Mr. Dauren Alipbayev, Managing Director
240 G Furmanov Street
CDC Business Center 9th Floor
Tel: +7 3272 59 88 77
Fax: +7 3272 59 88 87
For business opportunities or procurement, contact the client company.
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