EMERGING EUROPE CAPITAL INVESTORS LDC

Location:

Regional

Project number:

5073

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

01 Dec 1998

Status:

Disbursing

PSD disclosed:

28 Jul 1998

Project Description

A direct equity fund investing mainly in central and eastern Europe.
The fund's objective is to achieve substantial long-term capital appreciation through the purchase, active management and disposition of a portfolio of direct equity investments in central Europe.

Transition Impact

The fund will contribute directly to enhancing entrepreneurship and the efficiency in portofolio companies by providing an active ownership role, strong governance and transfer of know-how to privatised and private companies.

The Client

Emerging Europe Capital Investors, LDC is an investment fund which will acquire equity and equity-related securities of companies operating in central and eastern Europe. The fund may also to a lesser extent invest in the Commonwealth of Independent States. The fund will be managed by European Direct Capital Management, a joint venture between State Street Corporation, a bank holding company listed on the New York Stock Exchange, and Emerging Europe Asset Management, a Prague-based emerging markets investment management firm.

EBRD Finance

The EBRD intends to commit up to US$ 30 million (ECU 27 million) to the fund's capital. The Bank's initial commitment is US$ 22.4 million. The Bank will also have the right to co-invest alongside the fund.

Project Cost

The fund closed with US$ 94.4 million of the initial capital and can have a maximum size of US$ 300 million.

Environmental Impact

The fund will follow the EBRD's Environmental Procedures for Investment Funds.

Technical Cooperation

None

Company Contact

 

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

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.