Mid Europa Fund V

Location:

Regional

Project number:

49894

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

18 Jul 2018

Status:

Signed

PSD disclosed:

14 Jun 2018

Translated versions of this PSD: Polish | Serbian | Romanian

Project Description

Provision of an investment in Mid Europa Fund V LP (the "Fund"), a private equity fund with a focus on mid-sized companies across Central and South Eastern Europe.

Project Objectives

The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments in companies with typical enterprise values of EUR 100 million to EUR 500 million and
operating in domestic-focused growth industries.

Transition Impact

The project will contribute to increasing the availability of private equity capital in the focus region which will strengthen the resilience of the corporate sector and help promote private and entrepreneurial initiatives. Additionally, the Fund is expected to increase the competitiveness of its Portfolio companies.

Client Information

MID EUROPA FUND V LP

The Fund will be advised by Mid Europa Partners, an existing relationship of EBRD as the adviser of Emerging Europe Convergence Fund II and Mid Europa Fund IV.

EBRD Finance Summary

EUR 80,000,000.00

An equity commitment of up to EUR 80 million.

Total Project Cost

EUR 800,000,000.00

The target size of the Fund is EUR 800 million.

Environmental and Social Summary

Categorised FI: (ESP 2014). The adviser has been satisfactorily applying EBRD's E&S requirements.

The sectoral breakdown of the investment portfolio is deemed to be inherently low-medium E&S risk and it is not anticipated the Fund will make investments in Category A projects. The adviser will
continue to comply with EBRD's Performance Requirements 2, 4 and 9, adopt and implement EBRD Environmental and Social Procedures for Active Equity Funds and submit Annual Environmental and
Social Reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Francesca Evans
fevans@mideuropa.com
+44 (0) 20 7886 3600
www.mideuropa.com
South West House 11a Regent Street SW1Y 4LR London United Kingdom

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.

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