Invera Private Equity Fund (EBRD-50071)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Bosnia and Herzegovina
  • Croatia
  • Montenegro
  • Serbia
  • Slovenia
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
Nov 28, 2018
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
Invera Equity Partners LLC.
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)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 11.40 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 10
Converted using 2018-10-24 exchange rate.
Project Cost (USD)
$ 113.99 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 100 million
Converted using 2018-10-24 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 12, 2019

Disclosed by Bank Oct 24, 2018


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Project Description

According to EBRD website, the fund will seek to generate long-term capital appreciation through equity and quasi-equity investments in growth-oriented small and medium-sized enterprises and mid-market companies in Croatia, Slovenia, Bosnia & Herzegovina, Serbia and Montenegro. Further, The operation is expected to contribute to the Resilient transition quality by increasing the availability of private equity capital. The project will support the Competitive transition quality by providing longterm financing to SMEs and mid-market companies in the Region.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors
  • Invera Equity Partners LLC. -- Financial Intermediary
Contact Information

Project Contact: Slaven Kordic, Partner
Email Address: slaven.kordic@ascendantca.com
Telephone No.: +385 1 4921 429/430; +385 1 4921 431
Office Address: Budmanijeva 1, 8th floor 10 000 Zagreb, Croatia

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.