Baltcap PEF

repaying

BaltCap Private Equity Fund will be a private equity fund investing primarily in the Baltic states - Estonia, Latvia, and Lithuania. The fund will be managed by the local team of professionals, who draw their experience from the operations of 2 previous BaltCap managed funds. The target size of the fund is EUR 75 million. The fund will provide expansion capital and buy-out financing to small- and medium-sized companies operating in various sectors such as manufacturing or retail and services. The investment in BaltCap Private Equity Fund offers the Bank the opportunity to further advance the development of private equity industry in the Baltic states, thereby contributing to increasing financial intermediation. The financing would allow the fund to increase the scope and range of investment in small and medium size companies in Estonia, Latvia and Lithuania that typically have limited access to financing. A significant source of the transition impact will be the active management advisory services, provided by the team to the investee companies. The Bank’s investment in the fund is also expected to help Estonian, Latvian and Lithuanian companies to expand beyond the domestic markets and to establish their operations in neighbouring countries. The client is a new private equity fund, BaltCap Private Equity , raised by the team of BaltCap. Up to EUR 20 million. The target size of the fund is EUR 75 million. The maximum size is capped at EUR 100 million. BaltCap Private Equity Fund will follow the EBRD’s Environmental Procedures for private equity funds. In implementing these procedures, the fund will assess potential environmental issues associated with its investments, all of which are required to comply at a minimum with local/national health, safety and environmental standards, regulations and public consultation requirements. None. Peeter Saks, Managing Partner, BaltCap Tartu mnt. 2 Tallinn 10145 Tel. +372 665 0280 Fax. +372 665 0281 Email: Peeter.Saks@baltcap.com