Syntaxis Mezzanine Fund

repaying

The proposed project is a regional mezzanine fund with a target size of up to EUR 150 million. The Fund aims to provide investors with returns comprising current income and medium-term capital appreciation, derived from a portfolio of Central European mezzanine investments, diversified by sector and geography. 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 I LP will be established as a Guernsey limited partnership. Commitment to invest up to EUR 25 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 150 million. The Fund will be required to implement environmental procedures based on EBRD’s Environmental Procedures for Private Equity Funds which include the Bank’s Environmental Exclusion List. Investee companies will be required to comply, at a minimum, with national requirements for environment, health and safety local and EU environmental standards. An Annual Environmental Report will be prepared by the Fund and submitted to the Bank for approval. None. Ben Edwards, Managing Partner Syntaxis Capital Blumenstockgasse 5/7 A-1010 Vienna, Austria Tel: +43 1 513-4469 Fax: + 43 1 513 4581 Email: edwards@syntaxis-capital.com