BaltCap Private Equity Fund III (EBRD-51009)

Countries
  • Estonia
  • Latvia
  • Lithuania
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
Proposed
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 10, 2019
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
Usaldusfond BaltCap Private Equity Fund III
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Industry and Trade
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)
$ 39.09 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 35
Converted using 2019-05-28 exchange rate.
Project Cost (USD)
$ 150.77 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 135
Converted using 2019-05-28 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 14, 2019

Disclosed by Bank May 28, 2019


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Project Description

According to the Bank's website, this project provides financing to the Usaldusfond BaltCap Private Equity Fund III to make equity and quasi-equity investments in small to mid-cap companies, predominantly in Estonia, Latvia and Lithuania. 

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

An equity commitment of up to EUR 25 million in favour of Usaldusfond BaltCap Private Equity Fund III, as well as a potential commitment of up to EUR 10 million in a passive supplementary investment facility

Private Actors

Usaldusfond BaltCap Private Equity Fund III will be managed by OU BaltCap Private Equity Fund III  and advised by AS BaltCap.

Contact Information

AS BaltCap
info@baltcap.com
+372 665 0280
+372 665 0280
www.baltcap.com
Tartu mnt. 2/Tallinn 10145

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.