GENESIS PEF

Location:

Czech Republic

Project number:

26872

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

25 Jun 2002

Status:

Completed

PSD disclosed:

12 Jun 2002

Project Description

The proposed project, Genesis Private Equity Fund (GPEF), is a follow-on fund of the Czech and Slovak Private Equity Fund (CSPEF) managed by Genesis Capital in partnership with Advent International. The fund would make private equity investments in the Czech and Slovak Republics with a focus on small and medium-sized enterprises.
The Fund will provide much-needed equity capital primarily for small and medium-sized local enterprises. The Fund will take a hands-on approach in providing financial, technical and business expertise to the investee companies.

Transition Impact

The Fund will focus on small and medium enterprises providing both financing and expertise of modern business practices. Successful investee companies will provide strong models for similar projects to both investors and entrepreneurs.

The Client

Genesis Capital is an affiliate and exclusive partner for the Czech and Slovak Republics of Advent International. The team has managed the €20 million Czech and Slovak Private Equity Fund, which is now almost fully invested. Genesis Private Equity Fund will be a €40 million follow-on Fund, which will invest exclusively in the Czech and Slovak Republics.

EBRD Finance

The EBRD will contribute up to €8 million in the Fund.

Project Cost

The Fund will have a total size of €40 million.

Environmental Impact

The Fund will follow the EBRD's Environmental Procedures for Investment Funds. In implementing these procedures, the Fund will assess potential environmental issues associated with its investments, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements.

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

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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