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.
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.
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.
TAXIM CAPITAL PARTNERS I LP
Taxim Capital Partners I LP, a Jersey limited partnership.
EBRD Finance Summary
The Bank is considering making an additional equity commitment of up to EUR 10 million.
Total Project Cost
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.
Company Contact Information
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (firstname.lastname@example.org) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.