Krokus Nova Polonia III (EBRD-47670)

Countries
  • Poland
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 20, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Krokus Nova Polonia III LP
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Finance
  • Industry and Trade
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 17.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 16.00 million
Converted using 2016-07-20 exchange rate.
Project Cost (USD)
$ 88.02 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 80.00 million
Converted using 2016-07-20 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 28, 2017

Disclosed by Bank Nov 5, 2015


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
This project finances the generation of long-term capital appreciation through equity and equity-related investments in lower mid-market companies operating in Poland with a particular focus on healthcare, industry, consumer and infrastructure related businesses.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
This project is funded by an equity commitment of up to € 16 million to Krokus Nova Polonia III LP, which will be the successor fund to Nova Polonia II LP and Nova Polonia I in which the EBRD invested in 2006 and 2000 respectively. Krokus Nova Polonia III LP, to be domiciled in Jersey, will be managed by the general partner of the Fund, NPN Management Limited to be also domiciled in Jersey and advised by Krokus PE Sp. z.o.o., based in Warsaw.
Contact Information
Company Contact Information Witold Radwanski witold.radwanski@krokuspe.pl +48 22 653 69 50 www.krokuspe.pl Krokus PE Sp. z.o.o. Atrium Plaza Al. Jana Pawla II 29 00-867 Warszawa Poland ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.