Accession Mezzanine Capital IV (EBRD-48242)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Greece
  • Turkey
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
Mar 8, 2017
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
MEZZANINE MANAGEMENT
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 42.18 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 40 million
Converted using 2017-03-08 exchange rate.
Loan Amount (USD)
$ 42.18 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 40 million
Converted using 2017-03-08 exchange rate.
Project Cost (USD)
$ 263.62 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 250 million
Converted using 2017-03-08 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 23, 2018

Disclosed by Bank Jul 6, 2016


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Project Description

According to EBRD website, the project will seek to generate long-term capital appreciation by investing mezzanine and equity capital in SMEs and mid-market companies, primarily in Central and Eastern Europe. The Fund may also make selective investments in Turkey and Greece.

The proposed project will expand the mezzanine fund market with a sustainable team of investment professionals with experience and long-term market practice. It will continue the development of the mezzanine and structured finance products; and will contribute to the availability of long-term financing for SMEs and mid-market companies by mobilising additional capital for its investment region.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Project Contact: Christian Stix
Director, Head of Investor Relations
Email Address: stix@mezzmanagement.com
Telephone No.: +43 1 532 89 90 19, +43 1 532 89 90 20
Website: www.mezzmanagement.com
Office Address: Mezzanine Management GmbH Kohlmarkt 5/6 A-1010 Vienna; Austria

General enquiries to EBRD: 
Telephone No.: +44 20 7338 7168
Email Address: projectenquiries@ebrd.com

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.