Project Description
The proposed project is a regional private equity fund with a target size of USD 200 million. The Fund will invest for long-term capital appreciation through privately-negotiated transactions in equity of companies operating in Southeast Europe and neighbouring countries.
Transition Impact
Transition impact comes from demonstration effects through sound investments in Southeast Europe. The Fund manager is expected to adopt a hands-on approach by taking positions on boards of portfolio companies and transferring technical expertise to the portfolio companies. Through the significant involvement of its local team, the Fund is expected to contribute towards the transfer of vital investment skills to local managers based in the region.
The Client
Southeast Europe Equity Fund II LP is a private equity fund to be established as a Cayman Islands exempted limited partnership. Bedminster Capital Management LLC will be the Fund Manager and will provide advice and assistance with respect to investment decisions and other activities of the Fund.
EBRD Finance
Commitment to invest up to USD 50 million in the equity of the Fund, subject to the size of the Fund. The co-financing is expected from a range of institutional investors, including European and US institutional investors as well as from the Overseas Private Investment Corporation (OPIC).
Project Cost
Target size of the Fund is USD 200 million.
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 which are required to comply, at a minimum, with local/national health, safety, labour, environmental and public consultation requirements.
Technical Cooperation
None.
Company Contact
David Mathewson, Managing Director
Email: dmathewson@bedminstercapital.com
Phone: +1.908.234.1707
Dimiter Gurdjilov, Vice President
Email: dgurdjilov@bedminstercapital.com
Phone: +1.908.234.1063
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.
