Krokus Nova Polonia III

Location:

Poland

Project number:

47670

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

20 Jul 2016

Status:

Signed

PSD disclosed:

05 Nov 2015

Translated version of this PSD: Polish

Project Description

An equity commitment of up to € 16 million to Krokus Nova Polonia III LP (the "Fund") The Fund will be the successor fund to Nova Polonia II LP and Nova Polonia I in which the Bank invested in 2006 and 2000 respectively.

Project Objectives

The Fund will seek to generate long-term capital appreciation through equity and equity-related investments in lower mid-market companies operating in Poland with a particular focus on healthcare, industry, consumer and infrastructure related businesses.

Transition Impact

The transition impact of the proposed project will come from

(i) demonstrating the attractiveness of private equity to investors

(ii) promoting best practices of corporate governance and business conduct in the Fund's portfolio companies.

Client Information

KROKUS PE

Krokus Nova Polonia III LP, to be domiciled in Jersey, will be managed by the general partner of the Fund, NPN Management Limited to be also domiciled in Jersey and advised by Krokus PE Sp. z.o.o., based in Warsaw.

EBRD Finance Summary

€ 16,000,000.00

The EBRD is considering an equity investment of up to € 16 million.

Total Project Cost

€ 80,000,000.00

The target size of the Fund is € 80 million.

Environmental and Social Summary

Categorised as a Financial Institution: The Fund will be required to comply with the EBRD's Performance Requirement 2 (Labour and Working Conditions), Performance Requirement 4 (Health and Safety) and Performance Requirement 9 (Financial Intermediaries). The Fund will also be required to adopt and implement the Bank's Environmental & Social Risk Management Procedures for Active Equity Investments, adhere to the EBRD's Environmental and Social Exclusion list, and submit Annual Environmental and Social reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Witold Radwanski
witold.radwanski@krokuspe.pl
+48 22 653 69 50
www.krokuspe.pl
Krokus PE Sp. z.o.o. Atrium Plaza Al. Jana Pawla II 29 00-867 Warszawa Poland

Business opportunities

For business opportunities or procurement, contact the client company.

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