Resource Eastern European Equity Partners I LP

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The EBRD is considering providing an initial €25 million to Resource Eastern European Equity Partners LP I. The proposed project is a private equity fund with a target size of €200 million. It will seek to generate long-term capital appreciation principally through privately negotiated equity and equity related investments in mid-sized companies. Its investment strategy will have a particular focus on Consumer Goods including Food and Agribusiness sector in Poland (minimum 60% of the portfolio) with the balance of the fund invested in accordance with a generalist strategy. The fund will invest in companies based or pursuing operations in Central and South Eastern Europe. The transition impact of the proposed project will come from the following three areas: institution building and expansion of private equity in the region, business improvement of investee companies and demonstration effects in promoting the best business ethics and corporate governance standards. Resource Eastern European Equity Partners LP I will be managed by Resource Partners GP. The Fund Manager will be based in Warsaw. Rabobank and EBRD will act as Cornerstone Investors for the Fund. Rabobank will commit an initial €25 million at first close with an option to increase its commitment at subsequent closings. The EBRD will commit an initial €25 million at first close with an option to increase its commitment at subsequent closings. Target size of the Fund is €200 million, with a first close expected of €51 million. The Fund will be required to comply with Rabobank’s and the EBRD's Performance Requirement 2 (Labour and Working Conditions) and Performance Requirement 9 (Financial Intermediaries). The Fund should require that investee companies comply with national and EU environmental and OHS standards and national labour laws and the ILO's core labour standards. The Fund will be required to adhere to the EBRD's Environmental and Social Exclusion and Referral lists, and submit annual environmental and social reports to the Bank and Rabobank. None. Ryszard Wojtkowski Resource Partners sp. Z.o.o. Al. Jerozolimskie 56c 00-803 Warszawa Poland Tel: +48 6012 50101 E-mail: Ryszard.Wojtkowski@reeep.eu