Bulgaria Mezzanine Capital I

cancelled

Translated version of this PSD: Bulgarian EBRD is considering providing an equity commitment of up to €15 million to Bulgaria Mezzanine Capital I SCS, SICAR (the “Fund”), an investment fund to be established as a limited liability partnership in Luxembourg. The Fund is a first-generation fund which will provide mezzanine financing with equity participation features to primarily small and medium sized enterprises (SMEs) in Bulgaria. EBRD’s potential investment will support the development of a new investment team in Bulgaria and will facilitate the expansion of the mezzanine market in south eastern Europe. It will provide long term growth capital to SMEs, a segment of the economy which remains underserved by the financial markets. The project is also expected to contribute to the promotion of best practices in corporate governance among investee companies. Bulgaria Mezzanine Capital I SCS, SICAR, a limited liability partnership to be established in Luxembourg. The Fund will be managed by Bulgaria Mezzanine Capital I, Sarl, a limited liability company incorporated in Luxembourg; sponsored by Growth Capital Partners AG, a public company incorporated under the laws of Austria; and formed by key executives of the Mezzanine Management Group, a fund manager active in central and eastern Europe, and principals of Rosslyn Capital Partners, a Bulgarian investment firm. The Bank is proposing to make an equity commitment of up to €15 million. The Fund is targeting €60 million in aggregate investor commitments at final closing. Categorized FI. The Fund will be required to comply with the EBRD's Performance Requirement 2 (Labour and Working Conditions) and Performance Requirement 9 (Financial Intermediaries). The Fund will be required to adhere to the EBRD's Environmental and Social Exclusion and Referral lists, implement the EBRD’s Environmental and Social Procedures for Active Equity Investments and submit annual environmental and social reports to the EBRD. None. Christian Stix Email: stix@mezzanine.bg