Krokus Nova Polonia III

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 47670

Status Cancelled

Location

Poland

Business Sector

Equity Funds

Notice Type

Private

Project ID 47670

Status Cancelled

Location

Poland

Business Sector

Equity Funds

Notice Type

Private

Environmental Category

Approval Date

20 Jul 2016

Disclosure date

05 Nov 2015

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

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

Transition impact

ETI Score:60

PSD last updated

17 Apr 2019

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

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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