Project Description
An equity investment of US$ 5 million in a private equity fund for a term of 10 years.
The Fund will seek to maximise capital growth by making direct equity investments in a portfolio of private companies in Bosnia and Herzegovina. To achieve its operational objective, the Fund will monitor the development of its portfolio companies, through various growth stages, by adding value in financial management, sales, marketing and organisational development.
Transition Impact
The operation's main transition impact will be achieved by helping to address existing deficiencies in the supply of long-term financing in Bosnia and Herzegovina. Promotion of equity financing to eligible local companies and joint ventures shall play an important role in achieving dissemination of market economy practices in the country.
The Client
Horizonte Bosnia and Herzegovina Enterprise Fund is a private equity fund to be established in the Netherlands as a 10-year limited liability company.
EBRD Finance
Equity investment of US$ 5 million.
Project Cost
To date, the Fund has secured capital commitments of US$ 18.4 million, 85 per cent of which comes from private institutional investors. The initial closing occured in August 1998.
Environmental Impact
The Fund will carry out its operations in accordance with the EBRD's Environmental Procedures for Private Equity Funds, which provide for the integration of environmental due diligence into every transaction and ensure that investee companies comply, at a minimum, with national and local health, safety and environmental regulations and standards. The Fund Manager will submit annual environmental reports to the EBRD.
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.
