Genesis PEF II

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The EBRD is considering committing up to EUR 12 million to a private equity fund with a target size of EUR 60 million. The fund will seek to invest directly in equity and equity related instruments of companies operating in Czech and Slovak Republics. The transition impact of the proposed project would come from the following areas: (i) institution building and development of sustainable local private equity managers at the lower end of the middle market (ii) demonstration effects of new ways to finance activities in the countries of the region (iii) impact on investee companies through restructuring and implementation of improved business standards, support of extension of cross- border business activities. Genesis Private Equity Fund II L.P. will be formed as a Guernsey limited partnership. The EBRD will commit up to EUR 12 million. Target size of the fund is EUR 60 million. The Fund will carry out its operations in accordance with the EBRD's Environmental Procedures for Private Equity Funds. The Procedures include compliance with the Bank's Environmental Exclusion and Referral List. The Fund will be required to submit annual environmental reports to the EBRD. Investee companies will be required to comply, at a minimum, with all applicable national health, safety, environmental and public information/consultation requirements. None. Jan Tauber and Radan Hanzl Na Šafránce 22 101 00 Prague 10 Czech Republic Tel.: +420 271 740 207 Fax: +420 271 740 208 E-mail: genesis@genesis.cz