Taxim Capital Partners I

Location:

Turkey

Project number:

45677

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

29 Nov 2017

Status:

Signed

PSD disclosed:

21 Apr 2015

Project Description

An equity commitment of EUR 20 million to Taxim Capital Partners I LP (the "Fund") was signed in July 2016 and an additional equity commitment of up to EUR 10 million.

The Fund is a Jersey limited partnership and targets EUR 200 million of total capital commitments.

Original PSD

Project Objectives

The Fund will seek to generate long-term capital appreciation through control-oriented equity investments into fast growing medium-sized companies in Turkey.

The Bank's participation will help mobilise additional private sector investment in the Fund.

Transition Impact

The transition impact of the proposed project will come in particular from the following areas:

1. Supporting a new, first-time fund manager and thereby supporting the market expansion of the private equity asset class in Turkey.

2. Facilitating the transfer of skills at the level of the investment team and portfolio companies.

Client Information

TAXIM CAPITAL PARTNERS I LP

Taxim Capital Partners I LP, a Jersey limited partnership.

EBRD Finance Summary

EUR 10,000,000

The Bank is considering making an additional equity commitment of up to EUR 10 million.

Total Project Cost

EUR 200,000,000.00

The target size of the Fund is EUR 200 million.

Environmental and Social Summary

Categorised FI (ESP 2014). The Fund has an Environmental Policy and Environmental and Social Management Systems in place which complies with the EBRD's E&S Requirements for Active Equity Investments. The Fund has submitted regular Annual Environmental and Social Performance Reports on the Fund's business lines and portfolio type to the Bank. The Fund will be required to continue to comply with EBRD's Performance Requirements 2, 4 and 9 and submit annual E&S
reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Serkan Kizil, Co-Founder & Managing Partner
serkan.kizil@taximcapital.com
+90 212 260 4170
www.taximcapital.com
Macka Caddesi, Narmanli Apt. No.24/21 Tesvikiye, 34367 Istanbul, Turkey

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