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
