Livonia Partners Fund I

Location:

Regional

Project number:

46613

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

08 Apr 2015

Status:

Signed

PSD disclosed:

19 Dec 2014

Project description:

The EBRD is considering making an equity commitment of up to  €17m to EuVECA Livonia Partners Fund I (the “Fund”), a closed end fund established as the first pan-Baltic  fund domiciled in Latvia.  The Fund targets €85m of total capital commitments and will be Livonia’s first institutional quality fund. It will provide growth and acquisition capital to small and medium-sized enterprises (“SMEs”) in Estonia, Latvia and Lithuania (the “Baltics”) with a focus on operational value creation.

Transition impact:

The transition impact of the proposed project will come in particular from the following areas:
  1. Supporting the entrance of a new, independent fund manager and thereby supporting the market expansion of the private equity asset class in the Baltics
  2. Facilitating improved access of SMEs in the Baltics to equity capital.

The client:

EuVECA Livonia Partners, a limited liability company registered in Latvia. Livonia Partner’s core team has been investing capital across the Baltic region for almost 10 years.

EBRD finance:

The Bank is considering making an equity commitment of up to €17 million.

Total project cost:

The target size of the Fund is €85 million.

Environmental impact:

Categorised FI. Livonia will be required to comply with EBRD’s PRs 2 and 9, adopt and implement the E&S Procedures for Active Equity Investments and submit Annual Environmental and Social Reports to the Bank.

Technical cooperation:

None.

Company contact:

Kaido Veske, Founding Partner
Livonia Partners
Tartu mnt 2, Tallinn, Estonia, 10145
+372-52-02-088 (mobile)
+372-68-00-441 (office)
kaido.veske@livoniapartners.com
 

Business opportunities

For business opportunities or procurement, contact the client company.

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