Centras PEF

Location:

Regional

Project number:

37457

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval 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

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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