Da Vinci Private Equity Fund II

Location:

Russia

Project number:

44380

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

26 Nov 2013

Status:

Signed

PSD disclosed:

22 Mar 2013

Translated version of this PSD: Russian

Project Description

The Fund will make equity and equity-related investments primarily in small and medium sized enterprises in financial infrastructure sector of Russia and the CIS, with the objective of achieving long term capital growth. The Bank’s participation will help mobilise additional private sector investment in the Fund.

Transition Impact

The transition impact of the proposed project would come from the following areas: market expansion and development of financial infrastructure in Russia and the CIS, as well as from the demonstration effects from successful restructuring of investee companies and improving transparency and corporate governance standards in the investee companies.

The Client

Da Vinci Private Equity Fund II L.P., a Guernsey exempted limited partnership.

EBRD Finance

Commitment to invest up to USD 30 million.

Other investors are expected to include Russian and international institutional investors, as well as family offices.

Project Cost

The target size of the Fund is USD 200 million.

Environmental Impact

The Fund will be required to implement environmental procedures based on EBRD’s Environmental Procedures for Private Equity Funds which includes adherence to the FI Environmental Exclusion and Referral List, compliance by Investee companies with the applicable national environmental, health and safety and labour legislation, appointment of a member of senior management with overall responsibility for the implementation of environmental procedures, and submission of annual environmental reports to EBRD.

Technical Cooperation

None.

Company Contact

Oleg Jelezko, Managing Partner
Email: oleg.jelezko@dvcap.com
Tel: + 7 495 775 62 10; Fax: +7 495 775 62 23

 

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

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