The Hungarian Special Restructuring Programme (SRP) will undertake equity investments to support the restructuring and turnaround of viable under-performing companies. The Hungarian SRP will restructure medium-sized companies by providing higher risk equity finance, hands-on turnaround management expertise, technical cooperation support, and a framework to promote debt and operational restructuring.
The Hungarian SRP will provide know-how transfer, improved corporate governance, and higher risk equity capital. This will support banks in their efforts to restructure problem loans.
The Hungarian SRP will invest exclusively in viable under-performing medium-sized companies which have limited ability to raise capital. This will include companies in the work-out portfolios of local banks and recent management buy-outs that have significantly under-performed since privatisation. The operation will be managed by a German turnaround specialist, Sandtner Hamilton & Management GmbH.
Up to ECU 30 million of early-stage equity to be invested in a portfolio of 10 to 15 Hungarian companies through a managed account facility.
Up to ECU 30 million.
In this project the manager will be required to adopt and implement the Bank's Environmental Procedures for Funds.
All environmental studies will involve a comparison of the environmental and health and safety standards of the investee companies with Hungarian and EU standards. Environmental Action Plans will need to include measures required to achieve compliance with these standards within a timeframe satisfactory to the Bank.
The Hungarian SRP will be supported by technical cooperation funds of up to ECU 5.4 million.
For business opportunities or procurement, contact the client company.
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