Syntaxis New Europe Fund III

Location:

Regional

Project number:

48687

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

13 Dec 2017

Status:

Signed

PSD disclosed:

13 Feb 2017

Project Description

An equity investment of up to EUR 30 million in Syntaxis New Europe III (the "Fund"). The Fund is a follow-on fund to Syntaxis Mezzanine Fund I and II. EBRD has been an investor in both previous funds.

Project Objectives

The Fund will seek to realise long-term capital gains through the provision of debt financing with associated equity upside to growth-oriented small and medium sized enterprises in Poland and other Central and South Eastern European countries.

Transition Impact

The project will help expand the mezzanine financing market by supporting the follow-on fund of an experienced team of investment professionals. In doing so, the project will provide an alternative source of financing to small and medium sized enterprises in the investment region.

Client Information

SYNTAXIS CAPITAL UFB GMBH

The Fund will be managed by Syntaxis Capital, an existing client of EBRD as the manager of Syntaxis Mezzanine Fund and Syntaxis Mezzanine Fund II.

EBRD Finance Summary

EUR 30,000,000.00

An equity commitment of up to €30 million.

Total Project Cost

EUR 150,000,000.00

The target size of the Fund is €150 million.

Environmental and Social Summary

Categorised FI (2014). The Fund will be required to comply with EBRD's Performance Requirements 2, 4 and 9, to adopt and implement EBRD Environmental and Social Procedures for Active Equity Funds and to submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Ben Edwards
office@syntaxis-capital.com
+43 1 513 4469
www.syntaxis-capital.com
Wipplingerstrasse 31/1, 1010 Vienna, Austria

Business opportunities

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