Mediterra Capital Partners II

Location:

Turkey

Project number:

47235

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

14 Oct 2015

Status:

Signed

PSD disclosed:

14 Sep 2015

Translated version of this PSD: Turkish

Project Description

The EBRD is providing an equity investment of up to EUR 50 million in Mediterra Capital Partners II, LP (the “Fund”), a limited partnership to be established under English law.

The Fund will make equity and equity-related investments in lower mid-market companies operating in Turkey.

Transition Impact

The EBRD’s proposed investment is expected to expand the private equity asset class in Turkey, which will contribute to providing long-term equity finance to lower mid-market companies in the country. Furthermore, the Bank’s investment is also expected to promote best practices of corporate governance and business conduct in the Fund’s investee companies.

The Client

Mediterra Private Equity Limited will advise the ultimate general partner of the Fund, Mediterra Capital Management Limited in relation to the Fund’s investments. Both entities will be incorporated in Guernsey.

EBRD Finance

The EBRD is considering an equity investment of up to EUR 50 million.

Project Cost

The target size of the Fund is EUR 300 million with a maximum Fund size of EUR 350 million.

Environmental and social categorisation, impact, and mitigation

Categorised FI: 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 E&S 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

Website: www.mediterracapital.com
Ahmet Faralyali, Managing Partner
Email: Ahmet.Faralyali@mediterracapital.com
Murat Erkurt, Managing Partner
Email: Murat.Erkurt@mediterracapital.com
Address: Sehit Halil Ibrahim Cad. No: 39 Istinye 34460 Sariyer Istanbul Turkey
Phone: +90 (212) 323 54 00
Fax: +90 (212) 323 54 46

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.