Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

ADM Capital

EBRD Joins Kazakh Sovereign Fund to Support Kazakh Business

Efforts to restructure Kazakh businesses harmed by the financial crisis got a significant boost earlier this month with a funding commitment by the the EBRD. The EBRD announced in early June that it had agreed to a joint effort with Kazakhstan's Samruk-Kazyna sovereign wealth fund to pump some $121.5 million into the ADM Kazakhstan Capital Restructuring Fund.

EBRD Considering New Kazakhstan Capital Restructuring Fund

A proposal to establish the Kazakhstan Capital Restructuring Fund has passed structure review and is now slated for final approval consideration with the EBRD Board in February of next year. The proposed fund would be established with an EBRD commitment of an amount between €45 to €60 million, with Kazyna Capital Management and other potential investors taking the fund's total value as high as €181.5 million. Asian investment firm ADM Capital has been tapped as Fund Manager.

ADM Capital CEECAT Recovery Fund Passes EBRD Concept Review

ADM Capital's new fund, the ADM Capital CEECAT Recovery Fund, has received interest from the European Bank for Reconstruction and Development. The project passed concept review earlier this month as is up for final approval in early December. If the deal is approved the EBRD will commit to investing up to €60 million in the fund as a cornerstone investor. An initial amount of 25% or €25 million, whichever is greater, will be invested at the fund's first closing.