Mid Europa Fund IV

Location:

Project number:

44875

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

23 Jul 2013

Status:

Signed

PSD disclosed:

21 Jun 2013

Project Description

The Bank is considering an investment in Mid Europa Fund IV L.P. (the “Fund”), a private equity investment fund targeting EUR 1,000 million in commitments.

The Fund will seek to achieve long-term capital growth by making equity investments in companies with typical enterprise values of EUR 100 million to EUR 500 million. The Fund will focus primarily on companies that are operating in domestic-focused growth industries across CEE, Turkey and the Western Balkans (the “Region”).

Transition Impact

The Fund Manager is expected to achieve strong transition impact through:

(i) Supporting the growth of its mid-market investee companies, both organically and through consolidation;
(ii) Transfer of knowledge and skills to management of investee companies;
(iii) Mobilising international institutional capital for deployment across the Region, including in the lesser served markets of the Western Balkans.

The Client

Mid Europa Fund IV L.P. is a Limited Partnership incorporated in Guernsey.

The Fund will be managed by Mid Europa IV GP L.P. (the “General Partner”), a Guernsey Limited Partnership. The General Partner will retain Mid Europa Partners LLP, an English limited liability partnership, as its Investment Advisor.

EBRD Finance

The EBRD is considering an equity investment of up to EUR 80 million.

Project Cost

The Fund is targeting commitments of EUR 1,000 million, and has a maximum size of EUR 1,250 million.

Environmental Impact

Categorised FI.

The Fund will be required to comply with EBRD Performance Requirements 2 (Labour and Working Conditions) and 9 (Financial Intermediaries) and implement the EBRD's Environmental and Social Procedures for Active Equity Investments. The Fund should ensure investee companies comply with national environmental, OHS, social and labour standards.

The Fund will be required submit annual environmental and social reports to the Bank.

Technical Cooperation

None.

Company Contact

Thierry Baudon, Managing Partner
61 Brompton Road
London SW3 1EX

Phone: +44 (0) 20 7886 3600

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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

Share this page: