Southeast Europe Equity Fund II

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 34894

Status Repaying

Location

Regional

Business Sector

Equity Funds

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 34894

Status Repaying

Location

Regional

Business Sector

Equity Funds

Notice Type

Private

Environmental Category

Approval Date

06 Sep 2005

Disclosure date

28 Jul 2005

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

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

Transition impact

ETI Score:60

PSD last updated

01 Feb 2019

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

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

View complaint case for this project

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