Southbridge Europe Mezzanine

Location:

Greece

Project number:

48386

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

30 Nov 2016

Status:

Signed

PSD disclosed:

22 Aug 2016

Translated version of his PSD: Greek

Project Description

The proposed transaction is for an investment of up to EUR 10 million in SouthBridge Europe Mezzanine S.C.A. SICAR (the "Fund"), a 'Societe d'Investissement en Capital a Risque' investment vehicle registered in the Grand Duchy of Luxemburg. The Fund will make quasi-equity and mezzanine investments primarily in small and medium enterprises ("SMEs") in Greece.

Project Objectives

The project will contribute to an improved availability of growth capital to the underserved SME segment in Greece in an environment where little growth financing is available for this important segment of the economy. The project will back a first time independent team, helping to re-build local private equity and mezzanine capacity following the post-financial crisis drought in institutional fundraising in the Greece.

Transition Impact

The EBRD's proposed investment is expected to expand the private equity asset class in Greece, which will contribute to providing long-term finance to SMEs in the country. Furthermore, the Bank's investment is also expected to promote best practices of corporate governance and business conduct in the Fund's investee companies.

Client Information

SOUTHBRIDGE EUROPE MEZZANINE GP, S.À R.L.

EBRD Finance Summary

EUR 10,000,000.00

Total Project Cost

EUR 59,000,000.00

Environmental and Social Summary

Categorised FI: The Fund will be required to comply with the EBRD's Performance Requirement 2 (Labour and Working Conditions), Performance Requirement 4 (Health and Safety) and Performance Requirement 9 (Financial Intermediaries). The Fund will also be required to adopt and implement the Bank's E&S Procedures for Active Equity Investments, adhere to the EBRD's Environmental and Social Exclusion list, and submit Annual Environmental and Social reports to the Bank.

Technical Cooperation

None

Company Contact Information

Evi Andrianou
eandrianou@southbridgemanagers.com
+30 6932 315 013
http://southbridge-partners.com/
SouthBridge Europe Mezzanine GP, S.a.r.l. 5, Allee Scheffer L-2520 Luxembourg

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