The proposed project is to invest in SigmaBleyzer Southeast European Fund IV operating primarily in Ukraine, Bulgaria and Romania. The Fund’s target size is EUR 250 million.
The EBRD's key objectives in supporting the fund are:
to provide equity capital to local private companies to help finance the expansion of their business
to support the development of private equity fund management teams in Ukraine, Bulgaria and Romania;
- facilitate transfer of knowledge and create positive demonstration effects on other private sector companies.
Transition impact will be achieved by:
helping build a sustainable focused private equity fund management group in Ukraine and Southeastern Europe;
SigmaBleyzer’s hands on approach, support for the restructuring and/or development and corporate governance of investee companies
- the demonstration effects to other companies and investors in the region.
SigmaBleyzer Southeast European Fund IV C.V., a Netherlands Limited Partnership, whose General Partner is SEGF B.V., a Netherlands Limited Liability Company that is ultimately controlled by Michael Bleyzer, Lev Bleyzer and Valeriy Dema.
EBRD investment will be up to EUR 50 million, of which EUR 25 million will be committed at the second closing of the Fund, subject to a maximum of 20% of the total committed amount of the Fund. The other investors will include private investors as well as institutional investors in the region.
Up to EUR 250 million.
The Fund will be required to implement environmental procedures based on the Bank’s Environmental Procedures for Private Equity Funds, which include the Bank’s Environmental Exclusion and Referral List. As a matter of policy, investee companies will be required to comply, at a minimum, with national regulations for environment, health and safety.
SigmaBleyzer; Mr Michael Bleyzer
Tel: +38 044 244 94 90 or +1 713 621 3111
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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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).
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