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According to bank's website, the approved project consists of an IFC investment of up to EUR 20 million in ACP Credit II SCA SICAV-RAIF (“ACP II” or the “Fund”), a closed-end private credit fund targeting investments in Poland, Romania, and other countries in Central and Eastern Europe (“CEE”). The Fund will be domiciled in Luxembourg with a target size of EUR 250 million. The Fund will target established SMEs and mid-market corporates, providing financing for growth capex, acquisitions, buy-outs, and working capital needs.
Environmental Category: FI-2 - Limited
The proposed Project consists of an investment in equity of up to the lower of (i) EUR20 million in ACP II and (ii) 20% of total commitments in ACP II. IFC will not be the single largest investor in the Fund.
IFC's Investment as Approved by the Board: US$ 23.00 million (equity)
ACP Credit Advisory Sp. z.o.o. (“ACP Credit”) will act as the Fund’s Investment Advisor. ACP Credit is the direct senior lending platform of the ACP Group, a Luxembourg -based private capital manager with an established track record. ACP Group has raised six prior funds with ~EUR 1.3bn of committed capital, and completed 75+ investments since inception.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| ACP Group | Parent Company | Finance | owns | ACP Credit Advisory Sp. z.o.o. | Client | Finance |
Accession Capital Partners
Project Team Leader: Christian Stix
Title: Partner, Head of Investor Relations
Email: stix@acp-group.eu
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You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
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ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org