Southeast Europe Equity Fund II

Location:

Regional

Project number:

34894

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

06 Sep 2005

Status:

Repaying

PSD disclosed:

28 Jul 2005

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.

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