According to IFC website, the proposed project consists of an equity investment of up to EUR 30 million in Abris CEE Mid-Market Fund III. It is a closed-end private equity fund domiciled in Jersey with a target size of EUR 500 million. It will have generalist sector strategy and will invest in mid-market growth capital and buyout transactions in Poland and in other Central Eastern Europe countries, mainly Romania.
(i) Job creation: The Fund will focus on mid-cap companies with growth capital needs, which tend to have the largest impact on job creation, and the most potential for IFC to develop direct relationships with the underlying companies, through potential co-investment opportunities.
(ii) Access to finance: IFC''s investment would support Polish companies by providing additional equity to the mid-cap segment which otherwise has limited access to long-term equity/risk capital.
(iii) Private sector development: The Fund''s hands-on involvement, financial and operational insights will help strengthen governance and improve operating efficiencies of the investees.
No contact information provided at the time of disclosure.
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