SigmaBleyzer Southeast European Fund IV CV

Location:

Regional

Project number:

36537

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

29 Nov 2005

Status:

Disbursing

PSD disclosed:

28 Oct 2005

Project Description

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

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.

The Client

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 Finance

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.

Project Cost

Up to EUR 250 million.

Environmental Impact

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.

Technical Cooperation

None.

Company Contact

SigmaBleyzer; Mr Michael Bleyzer

Email: mbleyzer@sigmableyzer.com

Tel: +38 044 244 94 90 or +1 713 621 3111

 

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.