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Emerging Europe Accession Fund C.V.

Albania, Bulgaria, Moldova, Romania, Türkiye, Ukraine | Financial Institutions

Identification Code:: OP/09/0731
Total Operation Cost:: 69.000.000 EUR
Maturity:: 120 months
Operation Status:: BSTDB Approved Amount – Approval Date

7.042.000 EUR – 25 Sep 2009
: BSTDB Signed Amount – Signed Date

7.000.000 EUR – 21 Jun 2010
: Status:
Active
Description and Purpose of the Operation:: Equity investment of EUR 7,000,000 in Emerging Europe Accession Fund, a follow on Balkan Accession Fund. The Fund will provide equity and equity-related investments in strategically positioned small and medium-sized private companies in Romania, Bulgaria, Turkey, Ukraine, Albania and Moldova financing industry leaders active in growing sectors such as Financial services, Retail, Logistics & Distribution, Fast Moving Consumer Goods, Construction Materials, IT&C, Technology and Manufacturing and Media.
Countries of Operation:: Albania (0,10%), Bulgaria (56,77%), Moldova (0,10%), Romania (43,22%), Türkiye (0,10%), Ukraine (0,10%)
Financial Product:: Equity Investments
Sector:: Financial Institutions
Domain:: Private
Borrower/Client:: Emerging Europe Accession Fund C.V., a limited partnership organized under the laws of the Netherlands and operated according to the terms and conditions of the Limited Partnership Agreement between the Limited Partners and the General Partner.
Co-Financers/Participants:: Other institutional investors into Emerging Europe Accession Fund include European Investment Fund, EBRD, DEG and Lombard Odier.
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: Through this investment the Bank will achieve the following main objectives: - Improve Access to capital for SMEs. The new private equity fund will facilitate creating access to capital for selected SMEs in the BSTDB countries of operation. - Ensure skills transfer. The strategy of the fund managers targets skills transfer to portfolio companies to ensure that they implement the best practices and standards in accounting, reporting, marketing and other areas of their business. - Regional cover. Through a single equity investment the Bank will be able to reach a number of countries of operation and a number of SMEs in different sectors.
Environmental Classification and Impact:: BSTDB/IFI compatible environmental categorization system to be applied (A, B, C and FI), as well as EH&S assessment and monitoring of A projects.
Operation Leader:: Financial Institutions II
E-mail:: fi2@bstdb.org