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.

CRG Capital Joins with IFC and EBRD for New CEE Fund

Posted Tue, 26/01/2010 - 11:42

Vienna-based CRG Capital is joining forces with the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) to establish a new CEE fund to invest in distressed assets. The CEE Special Situations Fund has a target size of €200 million with the three initial investors providing a combined €36 million.

The fund, which is part of the IFC's 2009 Debt and Asset Recovery Program, will seek to support economic recovery in the CEE region by investing in under-performing companies and providing much needed capital for special situations.

CRG Capital (www.crgcap.com)
Established in 2002 by American investment advisory firm CRG Partners, CRG Capital is an asset and investment management firm based in Vienna, Austria.

The firm focuses its activities in Central and Eastern Europe and the countries of the CIS, investing in direct control equity investments, non-performing debt instruments, stranded or end-of-life regional private equity funds, and other special situations.

CRG Capital typically targets companies from whom it can gain majority control and whose annual sales are between €25 and €150 million. The size of individual investments can be as much as €25 million.