POLISH ENTERPRISE FUND IV

Location:

Poland

Project number:

11323

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

27 Jun 2000

Status:

Completed

PSD disclosed:

30 Jan 2001

Project Description

The aim of the project is to establish a commercially managed, private equity fund operating mainly in Poland as well as in Romania, Czech Republic, Slovak Republic, Slovenia, Bulgaria, Hungary, Lithuania, Latvia and Estonia.
The fund will serve: (i) existing medium-sized companies that require capital injections to take advantage of growth opportunities; (ii) companies in the process of privatisation and post-privatisation; (iii) selective start-ups based on proven Western concepts; and (iv) buy-outs. The main sectors of interest will be: telecommunications, IT, financial sector, retail, distribution, health care and other sectors in which the manager of the fund has built up a significant track record.
 

Transition Impact

The investment in PEF IV offers the Bank the opportunity to further advance the transition impact of initial investments in companies needing to expand or restructure. The fund will contribute to the development of the private sector and the economic growth of industrial regions in central and eastern Europe by: (i) carefully selecting enterprises with strong prospects in the private sector or in the process of privatisation; (ii) providing equity financing, thereby attracting additional funds from banks and other investors; and (iii) advising the companies in which the fund has invested and helping them to improve their performance.

The Client

The Polish Enterprise Fund IV L.P. will be a limited partnership to be established under the laws of Delaware for the purpose of making equity and equity-related investments in companies in the above listed countries. The main country focus of the fund will be Poland. The fund will expand the investment activities originally developed by Polish Private Equity Fund I&II and Polish Enterprise Fund, both funds located in Warsaw. Enterprise Investors will manage the fund.

EBRD Finance

The EBRD committed up to US$ 50 million of the capital of the fund.

Project Cost

The fund will have a maximum target for all subscriptions of US$ 300 million at final closing.

Environmental Impact

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

Technical Cooperation

None.

Company Contact

 

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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

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.