Meridiam Infrastructure Europe III

Location:

Regional

Project number:

48090

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

08 Jun 2016

Status:

Signed

PSD disclosed:

18 Apr 2016

Project Description

EBRD is considering an equity investment of EUR 100 million in Meridiam Infrastructure Europe III (the "Fund"), a follow-on fund to Meridiam Infrastructure Europe II in which the Bank is an investor.

The Fund is expected to raise EUR 1.2 billion, of which a minimum of EUR 400 million is targeted at selected EBRD Countries of Operation ("CoOs").

Project Objectives

The Fund aims to make long term equity investments in infrastructure projects and will predominantly focus on greenfield projects that benefit, after completion, from long term and stable contractual cash flows (such as concessions and Public Private Partnerships ("PPP")) in the sectors of transportation, environmental and social infrastructure. The Fund will facilitate investment in infrastructure assets in EBRD's CoOs.

Transition Impact

The EBRD's proposed investment is expected to promote the more widespread use of private ownership of infrastructure projects in EBRD's CoOs. Furthermore, the Bank's investment is also expected to promote infrastructure equity as an asset class.

Client Information

MERIDIAM S.A.S.

EBRD Finance Summary

EUR 100,000,000.00

Total Project Cost

EUR 1,200,000,000.00

Environmental and Social Summary

Categorised FI (2014). The Fund Manager must comply with EBRD's Performance Requirements ("PRs") two, four and nine which includes implementing an Environmental and Social Management System ("ESMS") to mitigate any Environmental & Social ("E&S") risks in potential investments.

The Fund Manager must refer all Category A sub-projects at an early stage to the Bank and the Environmental & Social Department ("ESD") will provide recommendations on how to assess and mitigate potential E&S impacts, including how such sub-projects will meet PRs one to eight and 10.

The Fund must provide the Bank with an Annual E&S report on the implementation of the ESMS and the PRs.

Technical Cooperation

None.

Company Contact Information

Matthieu Muzumdar
m.muzumdar@meridiam.com

+33 1 7373 9877
+33 1 5334 9699

www.meridiam.com
4 place de l#Opéra, 75002 Paris, France
 

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Text of the PIP

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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.