EBRD
Posted Wed, 03/03/2010 - 22:12
Already the Ukraine's largest investor with more than €4.2 billion committed to 194 projects, the EBRD has agreed to provide a substantial loan to LLC Ergop
Posted Wed, 24/02/2010 - 19:42
Daimler AG recently announced it has begun the process to strengthen its position and role KAMAZ, the Russian truck and bus manufacturer in which it already owns a 10% interest. Daimler has teamed up with the EBRD and signed a memorandum of understanding to purchase a 5% stake currently owned by Troika Dialog. Under terms of the proposal, the deal would be completed as two transactions; Daimler would acquire 1% with the EBRD getting the remaining 4%.
Posted Thu, 18/02/2010 - 21:55
The European Bank for Reconstruction and Development has approved a €50 million investment for Mezzanine Management Central Europe Limited's new eastern European fund, Accession Mezzanine Capital III. The two have a well-established relationship having worked together on the earlier AMC I & II funds. The EBRD's commitment to the corporate sector in the CEE region has been demonstrated over the years through total investments in excess of €2.5 billion.
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.
Posted Wed, 16/12/2009 - 22:52
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.
Posted Tue, 08/12/2009 - 21:30
Pending project approval, VTB Georgia is poised to receive a USD 7.3 million equity investment from the EBRD. The investment is aimed at helping VTB Georgia remain compliant with government regulation while also realizing growth through continued lending within the Georgian economy. VTB Georgia has already received the necessary technical assistance and training needed to help it remain stable and competitive. Funds for that assistance were provided through donations from the EU, France, Japan, the U.K., and USAID.
Posted Tue, 10/11/2009 - 12:11
After receiving final approval from the European Bank for Reconstruction and Development (EBRD), Resource Eastern European Equity Partners (REEEP) has announced the first close of its inaugural fund at €51 million. REEEP contributed €1million while the EBRD and Dutch financial institution Rabobank Group added €25 million each. The fund, whose final target size is €200 million, will target sectors that are traditionally under-funded by private equity.
Posted Tue, 27/10/2009 - 11:36
The European Bank for Reconstruction and Development is teaming up with Kazyna Capital Management (KCM) to launch a new Kazakhstani-focused fund. The new USD 300 million fund is aimed at providing capital to distressed companies which are experiencing difficulty in paying off a heavy debt load. While the fund will focus primarily on businesses in Kazakhstan, it will entertain opportunities in other countries as well, and hopes to attract further investment from the World Bank and the Asian Development Bank. The deal marks the second joint effort between the EBRD and KCM, following the 2008 launch of the USD 125 million Kazakhstan Growth Fund which targeted Russian and Asian opportunities.
Posted Wed, 07/10/2009 - 21:54
The EBRD has announced plans to provide a substantial financing package to one of Bulgaria’s top dairy producers. Fama, the third largest supplier of milk products in Bulgaria, will use the €5.5 million mezzanine loan to increase its market share through the construction of three new facilities in its strongest markets and the development of more long-life products.
Posted Wed, 30/09/2009 - 16:59
A €10 million equity investment into PE startup Eurasia Capital Partners Limited has received concept approval by the European Bank for Reconstruction and Development, which is set to take up final review in early December. The EBRD's proposal calls for the bank investing €10 million or 20% of the new fund's aggregate size, whichever is less.
Posted Thu, 27/08/2009 - 00:00
Tajik investment bank Agroinvestbank has been slated for an equity investment of up to USD 12 million from the European Bank for Reconstruction and Development (EBRD). Through the investment the EBRD will acquire a stake of 25% plus one share in one of the nation's leading lending institutions. Agroinvestbank will use some of the capital to fund local businesses while the rest will be dedicated to the growth and development of the bank.
Posted Tue, 25/08/2009 - 22:37
Eastern Ukraine's MegaBank is need of capital to strengthen its liquidity and the European Bank for Reconstruction and Development has stepped in to help. The EBRD has teamed up with German development bank KfW Entwicklungsbank to provide MegaBank with a total financing package of up to €28.9 million. Initially, a senior loan of € 10.4 million will come from the EBRD while KfW will provide a subordinated loan of € 2.5 million. The two lenders will loan additional capital in the future and may end up acquiring as much as 30% of MegaBank.
Posted Tue, 18/08/2009 - 15:57
A new project from Warsaw based Resource Partners GP has passed concept review with the European Bank for Reconstruction and Development (EBRD) and awaits final approval in September. The project calls for the establishment of the Resource Eastern European Equity Partners I Fund with the EBRD making an initial contribution of € 25 million at first close. The EBRD will have the option to increase its investment at the time of subsequent closings.
Posted Thu, 13/08/2009 - 00:00
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.
Posted Wed, 29/07/2009 - 00:00
The EBRD and Russian investment bank Troika Dialog have inked a deal that will provide Troika a loan of up to USD 150 million over the next five years. The loan, which is senior ranking and unsecured, will provide Troika with a stable and long term source of capital, thereby allowing the bank to continue developing its business in Russian Markets. The EBRD deal comes on the heals of Troika finding a strategic partner in Standard Bank this past March.
Posted Mon, 27/07/2009 - 14:34
Pending final Board approval near the end of July, the EBRD is poised to invest € 75 million in Heitman European Property Partners IV, Heitman's fourth value added fund. The project cleared final review and is expected to be approved without delay. The EBRD's investment is intended to help the Heitman fund reach its target size while also increasing liquidity in the CEE and Asian real estate markets.
Posted Wed, 15/07/2009 - 23:46
Citing renewed confidence in the strengthening Russian economy, the European Bank for Reconstruction and Development (EBRD) has agreed to a USD 50 million (€ 36 million) investment in UFG Asset Management's UFG Private Equity Fund II. UFG Private Equity is to be headed up by Robert Sasson & Charles Ryan both of whom have previous ties to the EBRD.
Posted Mon, 13/07/2009 - 22:00
OJSC Galnaftogaz, operator of Ukraine’s OKKO petrol station chain, has reached an investment deal with the European Bank for Reconstruction and Development (EBRD). The deal calls for the bank to acquire a stake in OJSC Galnaftogaz at a cost of up to USD 50 million.
Posted Fri, 10/07/2009 - 09:15
Genesis Capital, the Prague-based Czech private equity firm, recently announced the first closing of its new fund, Genesis Private Equity Fund II (GPEF II). The total size at first closing is €40 million, with the target size being €60 million. Several investors with a solid track record of activity in the Czech and Slovak Republics have come on board with GPEF II. These investors include Czech banking giant Česká spořitelna, the European Bank for Reconstruction and Development (EBRD), Belgian PE firm Gimv, and global commercial bank Landesbank Baden-Württemberg. Final closing of the fund is expected by the middle of next year.
Posted Tue, 26/05/2009 - 00:00
The European Bank for Reconstruction and Development (EBRD) is considering making a loan to Dimes, the Turkish producer of fruit juice, milk, and other agricultural and dairy products. The proposal calls for up to USD 18.5 million in semi-revolving working capital which Dimes would use to finance its annual milk and fruit purchases.
