According to the Bank’s website, the proposed transaction is an up to EUR 17.0m participation in a convertible instrument of up to EUR 22.0m in favour of the North Symphony Investments S.a.R.L, (the "Investee") alongside majority shareholder MidEuropa Partners Fund V ("MEP") and selected minority shareholders for EUR 5.0m. EBRD's investment would consist of a EUR 15.0m committed tranche and a EUR 2.0m uncommitted tranche. The Investee is a holding company based in Luxemburg and the 100%-owner of UAB Pigu (the "Company"; "PHH Group" together with subsidiaries), a Lithuania-based provider of e-commerce services with operations across the Baltics and Finland.
Project objectives include:
- Increase in the number of merchants from the Baltics on the Company's platform
- Bolstering of the Gross Merchandise Value (GMV) generated by Baltic merchants on the Finnish marketplace
- Profitability improvements
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||NORTH SYMPHONY INVESTMENT SARL||Client||-|
|-||-||-||-||PHH Group||Parent Company||-|
COMPANY CONTACT INFORMATION
Laisves pr. 75, Vilnius, LT-06144, Lithuania
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