PineBridge New Europe Partners II

Location:

Regional

Project number:

37268

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

18 Oct 2006

Status:

Signed

PSD disclosed:

15 Sep 2006

Project Description

The proposed project is a regional private equity fund with a target size of up to EUR 500 million. The Fund will seek to invest directly in equity and equity related securities of companies operating in Central and South Eastern Europe.

Transition Impact

The transition impact of the proposed project would come from the following three areas: institution building and development of sustainable private equity managers in the region, restructuring of investee companies and accelerating the creation and development of industry leaders in the region, and demonstration effects of new ways to finance activities in less advanced transition countries.

The Client

AIG New Europe Fund II, L.P. will be a Cayman Islands exempted limited partnership.

EBRD Finance

Commitment to invest up to EUR 50 million. It is expected that the other investors may include a range of insurance companies, pension funds, banks including European and US institutional investors.

Project Cost

The maximum size of the Fund is EUR 500 million.

Environmental Impact

The Fund will be required to implement environmental procedures based on EBRD’s Environmental Procedures for Private Equity Funds which include the Bank’s Environmental Exclusion List. Investee companies will be required to comply, at a minimum, with national requirements for environment, health and safety local and EU environmental standards. An Annual Environmental Report will be prepared by the Fund and submitted to the Bank for approval.

Technical Cooperation

None.

Company Contact

Rossen Hadijev, Director, Warsaw office
AIG Capital Management, Stratos Office Center
ul. Skorupki 5,
Warsaw 00-546,
Poland

Tel : +48 22 583 7000;
Fax +48 22 583 6940

Rossen.Hadjiev@aigcp.pl
 

Business opportunities

For business opportunities or procurement, contact the client company.

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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.