Syntaxis Mezzanine Fund

Location:

Regional

Project number:

37269

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

12 Dec 2006

Status:

Repaying

PSD disclosed:

06 Nov 2006

Project Description

The proposed project is a regional mezzanine fund with a target size of up to EUR 150 million. The Fund aims to provide investors with returns comprising current income and medium-term capital appreciation, derived from a portfolio of Central European mezzanine investments, diversified by sector and geography.

Transition Impact

The transition impact of the proposed project would come from the following three areas: institution building and development of sustainable mezzanine managers in the region, restructuring of investee companies, and demonstration effects of the new transaction structures as the new ways to finance companies, including companies in the less advanced transition countries.

The Client

Syntaxis Mezzanine Fund I LP will be established as a Guernsey limited partnership.

EBRD Finance

Commitment to invest up to EUR 25 million. It is expected that the other investors may include a range of commercial banks, investment banks and other private investors, including European and US institutional investors.

Project Cost

The maximum size of the Fund is EUR 150 million.

Environmental Impact

The Fund will be required to implement environmental procedures based on EBRD’s Environmental Procedures for Private Equity Funds which include the Bank’s Environmental Exclusion List. Investee companies will be required to comply, at a minimum, with national requirements for environment, health and safety local and EU environmental standards. An Annual Environmental Report will be prepared by the Fund and submitted to the Bank for approval.

Technical Cooperation

None.

Company Contact

Ben Edwards, Managing Partner

Syntaxis Capital
Blumenstockgasse 5/7
A-1010 Vienna, Austria

Tel: +43 1 513-4469
Fax: + 43 1 513 4581

Email: edwards@syntaxis-capital.com

 

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)

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Text of the PIP

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