Project Description
The EBRD is considering an investment in EMF New Europe Insurance Fund (the “Fund”), a private equity fund focused on investment in companies operating in insurance or insurance-related sectors with the objective of achieving long-term capital growth.
EBRD investment will support the Fund in developing investments in Turkey, Ukraine, the western Balkans, the south Caucasus, Moldova and Belarus.
Transition Impact
The transition impact is derived from supporting a private equity fund which can provide access to equity finance and sector-specific strategic input to its investee companies, whilst instilling strong corporate governance practices.
The Client
The Bank would invest in EMF NEIF (A) L.P., a limited partnership established in England. The limited partnership has as its general partner EMF NEIF (GP) Limited, a limited company incorporated in Jersey.
The general partner is advised by EMF Capital (UK) Limited, a limited company incorporated in England, which is authorized and regulated by the Financial Conduct Authority and focused solely on private equity investment in financial services in emerging markets.
EBRD Finance
The EBRD is considering an equity investment of USD 20 million.
Project Cost
The fund is targeting total commitments of up to USD 150 million.
Environmental Impact
Categorised FI: The Fund will be required to comply with the EBRD's Performance Requirement 2 (Labour and Working Conditions) and Performance Requirement 9 (Financial Intermediaries). The Fund will be required to implement the agreed Environmental and Social Action Plan in order to meet the E&S requirements of the EBRD. The Fund will also submit Annual Environmental and Social Reports to the Bank.
Technical Cooperation
None.
Company Contact
Peter Lovas, CEO
Email: info@emfcp.com
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
