PERA Capital Partners Fund

Location:

Turkey

Project number:

41382

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

07 Dec 2010

Status:

Signed

PSD disclosed:

11 Oct 2010

Project Description

The EBRD is considering providing an equity investment of up to €15 million in Pera Capital Partners Fund I L.P. (the “Fund”), a private equity investment fund, to be registered as a limited partnership under the laws of the Guernsey.

This Fund is a first-generation, country focussed investment fund with the objective of making multi-sector growth capital and selective buy-out investments predominantly into small and medium sized enterprises in Turkey.

Transition Impact

The transition impact and demonstration effects associated with this potential investment are expected to include:

(a) building local institutional quality private equity management capable of providing disciplined risk capital to fast growing SME enterprises in Turkey;

(b) increased penetration of private equity financing in Turkey thereby contributing to the development of sophisticated financial intermediation and the provision of additional sources of long term risk capital to SME enterprises in Turkey.

(c) transfer of technical, financial and operational know-how to portfolio companies through

(i) strategic guidance
(ii) focus on enterprise value drivers
(iii) management incentives
(iv) improvements to financial and operational management and reporting and (v) access to management and professional talent.

(d) improving and enhancing transparency and good corporate governance in portfolio companies through the promotion of international best practices.

The Client

The Fund will be managed by Pera Capital Partners GP Limited, a limited liability company to be incorporated under the laws of Guernsey, which will be owned by the management team.

EBRD Finance

The EBRD is proposing to make an equity investment of up to €15 million.

Project Cost

The target Fund size is €120 million at final closing.

Environmental Impact

The project has been assigned a screening category of FI, as the EBRD financing is via a financial intermediary.

The Fund shall comply with the EBRD's Performance Requirement 2 (Labour and Working Conditions) and Performance Requirement 9 (Financial Intermediaries).

The Fund shall ensure portfolio companies comply with national environmental and OHS and labour standards.

The Fund will be required to adhere to the EBRD's Environmental and Social Exclusion and Referral lists, and submit annual environmental and social reports to the EBRD.

Technical Cooperation

None.

Company Contact

Robert Romain, Managing Partner
Pera Capital Partners
E-mail: robert.romain@peracap.com

Kerim Yalman, Managing Partner
Pera Capital Partners
E-mail: kerim.yalman@peracap.com

Astoria İş Merkezi
127 Büyükdere Cad.
Kat 14 Suite 1401
34394 Esentepe, Istanbul
Turkey

Tel: +90 (212) 215 2400

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

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