Evolving Eur I

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 IFC proposes an equity investment of up to €20 million into Evolving Europe Principal Investments I SCSp. (the “Fund”), managed by Integral Venture Partners Sarl (the “Manager”). The Fund is targeting to raise €150 million to invest in control-oriented growth equity transactions, or in select cases, minority (or preferred) equity investments with control provisions in small and medium-sized companies (“SME”) and mid-caps in South Eastern Europe (“SEE”) in Bulgaria and Romania, in Former Yugoslavia in the countries of Croatia, Kosovo, Montenegro, Serbia, Slovenia, Bosnia & Herzegovina, and North Macedonia as well as in Albania, and in Central and Eastern Europe (“CEE”) in Hungary, Slovakia and the Czech Republic. The Fund will focus on sectors such as consumer goods and services, healthcare, industrials and TMT. Target ticket size for the Fund is €5-25 million to be invested in 10-12 companies. A delegated authority co-investment envelope for the same amount (up to €20 million) in potential co-investments in the Fund’s portfolio companies is also being proposed alongside the fund commitment.