NORTH-EASTERN UKRAINE POST PRIVATISATION FUND

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 3541

Status Cancelled

Location

Ukraine

Business Sector

Equity Funds

Notice Type

Private

Project ID 3541

Status Cancelled

Location

Ukraine

Business Sector

Equity Funds

Notice Type

Private

Environmental Category

Approval Date

02 Dec 1997

Disclosure date

20 Oct 1997

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

The Eastern Ukraine Post Privatisation Fund is an ECU 24 million private equity fund with a 10-year life. The Fund will invest primarily in medium-sized private and privatised enterprises in the eastern part of Ukraine (regions of Dnipropetrovsk, Zaporizhia, Donetsk and Luhansk). The Fund will be supported with technical cooperation funding.

The principal objective is to provide new equity capital, corporate governance and technical assistance to private and privatised enterprises in the eastern part of Ukraine.

Transition Impact

The direct equity investments and the technical assistance funding will enable the establishment, modernisation or expansion of investee companies.

The Client

The Fund will be managed by a Dutch venture capital company in partnership with individuals of Ukrainian origin. It will invest primarily in medium-sized private and privatised enterprises in the eastern part of Ukraine (regions of Dnipropetrovsk, Zaporizhia, Donetsk and Luhansk). The investee companies will have good growth prospects and the potential for providing high returns commensurate with the high risks involved.

EBRD Finance

The EBRD will provide all of the Fund's equity capital of ECU 24 million. The Fund Manager and FMO, the Dutch Development Finance Company, will co-invest alongside the Fund with a total amount of about ECU 2.25 million.

Project Cost

The total project cost (including the Fund's capital, its operating expenses and other advisory services covered by technical cooperation funding) amounts to about ECU 40 million.

Environmental Impact

The Fund will follow the EBRD's Environmental Procedures for Investment Funds. In implementing these procedures, the Fund will assess potential environmental issues associated with its investments which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements.

Technical Cooperation

Technical cooperation funding will be provided to: (i) meet the operating costs of the Fund; (ii) pay for accounting, legal, environmental and other due diligence in respect of potential investments; and (iii) provide consulting support to enterprises for project preparation and implementation.

Company Contact

PSD last updated

21 Jan 2019

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

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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