| Project Detail |
Location:
Regional
Project number:
38532
Business sector:
Equity
Notice type:
Private
English-language PSD published:
02 Dec 2024
Project Description
This PSD relates to a historical Bank project approved some years ago, and does not represent a new approval, or allocation of new funds. Disclosure of this PSD was deferred in accordance with the transparency framework in place at the time, but due to an administrative oversight, was not subsequently disclosed
In November 2007, the EBRD approved a commitment of up to EUR 100 million for the formation of a managed fund dedicated to making equity and equity-related investments in companies in Central and South Eastern Europe and Ukraine - areas underserved by private equity - with the objective of achieving long term capital growth. The project was expected to have a positive impact on the investee companies of the Fund through Advent’s hands-on and control-oriented investment strategy and considerable technical expertise and facilitate transfer of financial and operational knowledge.
Project Objectives
The project aimed to support the raising of a regional fund, which would in turn contribute to the development of a varied and market regulated private equity landscape in the region. Successful implementation of the fund was anticipated to attract institutional investment, develop and motivate high quality staff, and permit portfolio companies to grow, restructure, and increase in value. |
