As stated by the EBRD, the project entails an equity co-investment in Preply Inc. through HCGF IV Co-Investment I, L.P. Proceeds will be used for research and development activities of Preply in Ukraine.
The main objective of the Project is to support further growth by funding ongoing research and development activities in Ukraine.
The equity proceeds of up to USD 4.6m will be financed for R&D activities of a fast-growing education technology company in Ukraine along with another co-investor, IFC, through a newly created SPV that will be set up by Horizon Capital for its LP co-investors.
The EBRD invests in the client through a financial intermediary.
As stated by the EBRD, Preply Inc. is one of the leading education technology companies specialising in online language learning marketplaces, with primary development activities in Ukraine.
HCGF IV Co-Investment I, L.P. is a special purpose limited partnership established and managed by Horizon Capital in Delaware, USA for the sole purpose of acquiring and owning shares of Preply Inc.
Financial Intermediary - Horizon Capital:
Client - Preply Inc.:
ACCESS TO INFORMATION
You can request information by emailing: firstname.lastname@example.org or by using this electronic form: https://www.ebrd.com/eform/information-request
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: email@example.com or you can submit a complaint online using an online form at: 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