Syntaxis Mezzanine Fund II

signed

The proposed project is a regional mezzanine fund with a target size of up to EUR 250 million. The Fund aims to provide investors with returns comprising current income and medium-term capital appreciation, derived from a portfolio of mezzanine investments, diversified by sector and geography. The main geographical focus of the Fund will be Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, the Slovak Republic, Slovenia, Ukraine and the Baltic’s. Furthermore, a portion of the Fund can be invested in Russia, Turkey, Serbia, Montenegro, Bosnia, Macedonia and Albania. The Bank will have an automatic opt-out from investments in the Czech Republic. The transition impact of the proposed project would come from the following three areas: institution building and development of sustainable mezzanine managers in the region, restructuring of investee companies, and demonstration effects of the new transaction structures as the new ways to finance companies, including companies in the less advanced transition countries. Syntaxis Mezzanine Fund II LP will be established as a Guernsey limited partnership. Commitment to invest up to EUR 50 million. It is expected that the other investors may include a range of commercial banks, investment banks and other private investors, including European and US institutional investors. The maximum size of the Fund is EUR 350 million, with a target size of EUR 250 million. The Fund will be required to implement environmental procedures based on EBRD’s Environmental Procedures for Private Equity Funds which includes adherence to the FI Environmental Exclusion and Referral List, compliance by Investee companies with the applicable national environmental, health and safety and labour legislation, appointment of a member of senior management with overall responsibility for the implementation of environmental procedures, and submission of annual environmental reports to EBRD. None. Ben Edwards, Managing Partner Syntaxis Capital GmbH Blumenstockgasse 5/7 A-1010 Vienna, Austria Tel: +43 1 513-4469 Fax: + 43 1 513 4581 Email: edwards@syntaxis-capital.com For business opportunities or procurement, contact the client company. EBRD project enquiries not related to procurement: Tel: +44 20 7338 7168; Fax: +44 20 7338 7380 Email: projectenquiries@ebrd.com