Translated version of this PSD: Russian
Project Description
The Fund will make equity and equity-related investments primarily in small and medium sized enterprises in Russia and the CIS, with the objective of achieving long term capital growth. The Bank’s participation will help mobilise additional private sector investment in the Fund.
The Fund will target Russian companies with sustainable business models, brand recognition and potential to achieve a leading market share, driven by strong management teams as well as already being at a growth stage of development. The Fund will generally target companies that provide a clear potential path to exit via
(i) ability to achieve the size and transparency required for an IPO on a recognized international or domestic stock exchange in 3-5 years or
(ii) ability to secure a unique market position to become an attractive target for a strategic buyer.
Where attractive, the Fund will also consider recapitalization and/or partial sale to financial or strategic buyers to maximize the Fund’s investment returns.
Transition Impact
The transition impact of the proposed project would come from the following areas: market expansion and development of innovative financing tools in Russia and the CIS, as well as from the demonstration effects from successful restructuring of investee companies and improving transparency and corporate governance standards in the investee companies.
The Client
United Capital Partners Private Equity Fund II L.P., a Cayman Islands exempted limited partnership.
EBRD Finance
Commitment to invest up to USD 50 million. Other investors are expected to include European and US private and institutional investors.
Project Cost
The target size of the Fund is USD 250 million.
Environmental Impact
The Fund will be required to implement environmental procedures based on EBRD’s Environmental Procedures for Private Equity Funds which includes adherence to the FI Environmental Exclusion and Referral List, compliance by Investee companies with the applicable national environmental, health and safety and labour legislation, appointment of a member of senior management with overall responsibility for the implementation of environmental procedures, and submission of annual environmental reports to EBRD.
Technical Cooperation
None.
Company Contact
Victoria Lazareva, Managing Partner
E-mail: vlazareva@ucpfund.com
Tel: + 7 495 643 1100; Fax: +7 495 643 1300
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
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Text of the PIP
