The proposed project is to invest in a regional private equity fund with a target size of EUR 350 million. The Fund will invest with the objective of providing investors with significant long-term capital returns through private, directly negotiated investments in companies operating primarily in South Eastern Europe.
Transition impact stems from supporting Global Finance in its move to become a pan-Balkan private equity group, consolidating investment activities across different countries under a single fund. Further impact comes from increased supply of capital to South East Europe, as well as demonstration effects through sound investments in the region. The Fund manager is expected to adopt a hands-on approach by taking positions on boards of portfolio companies and transferring technical expertise to the portfolio companies.
Global Finance South Eastern Europe Fund L.P. is a private equity fund managed by the SEE Partners, a subsidiary of Global Finance International Ltd., the Adviser to the Fund. Global Finance is a well established private equity group which has been investing in Bulgaria and Romania since 1994.
Commitment to invest EUR 50 million.
The maximum size of the Fund is EUR 350 million.
The Fund will adopt and implement the EBRD’s Environmental Procedures for Private Equity 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 regulations.
Mihalis N. Madianos
Mr. 2 Parnassou Street & Kifissias Avenue
Tel: +30 (210) 812 4500/+30 (210) 805 5430
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