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

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)

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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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