The European Bank for Reconstruction and Development (EBRD) is making its foray into the wind power market in Ukraine with a joint EUR 13.3 mln financing of Eco-Optima, a Ukraine-Italy joint venture undertaking. The two loans comprising the financing of the wind farm in Western Ukraine, in the Staryy Sambir region, are a 10-year EUR 9.5 [...]

Top Polish insurance company PZU is in talks with certain PE funding groups to set up a PLZ 13 bln (USD 4.13 bln) fund. Though the main targets will be European insurance companies, the European Bank for Reconstruction and Development and the World Bank’s International Finance Corporation may also be invited to fund the pool. The [...]

Telecommunications towers company Russian Towers has attracted a USD 100 mln round of funding from a consortium of PE funds; the participants include MRIF, ADM, UFG PE Fund II and the EBRD. MRIF is lead investor with an infusion of USD 50 mln into the Russian tower operator. The funding will be used to increase [...]

In a further move to strengthen its presence in the Russian pharmaceutical sector, the European Bank for Reconstruction and Development will take on a 15 percent (minority) stake in OJSC Katren Russia a privately held company operating pharmaceutical distribution and retail chains in Russia. The funds will be used to upgrade and expand Katren’s warehousing infrastructure [...]

The European Bank for Reconstruction and Development is set to announce a EUR 50 mln fund to the Turkish fund Turkven PE Fund III for investment in mid-market companies in Turkey that will either involve buyouts or capital expansions. The hard-cap target for the fund is EUR 500 mln, and it seeks to invest in [...]

Telemach – a cable TV operator in Bosnia and Herzegovina, has been approved a EUR 25 million syndicated loan by the European Bank for Reconstruction and Development (EBRD). The company will use the money for upgrading its existing network and future domestic acquisitions. Telemach (www.telemach.si) Telemach is a leading provider of Slovenian cable TV, telephony [...]

A leading, privately owned Russian car and vehicle leasing company, Carcade, seems to be out of the crisis, thanks to their recently signed four-year loan agreement with EBRD.  According to the agreement Carcade will receive a RUB 600 million loan which could help the company to extend its leases on light trucks and cars for [...]

The European Bank for Reconstruction and Development (EBRD) has approved a 10-year loan to state controlled power company RusHydro. The 8 billion (€192 million) ruble loan will enable OJSC Energy Systems of the Far East (ESV), a RusHydro subsidiary, to refinance its short-term debt as part of a major corporate restructuring exercise that includes separating [...]

The Bulgarian division of CallPoint New Europe Ltd., Cyprus, has garnered a EUR 3 mln minority equity investment from the European Bank for Reconstruction and Development (EBRD). The funds will go towards expanding operational capacity up to 2,000 seats by 2013. The investment leaves 79 percent of the company with the original 100 percent stakeholders, but [...]

Ukrainian construction materials company Kerameya Ltd. has been sanctioned a USD 10 mln loan from the European Bank for Reconstruction and Development (EBRD). Existing investors – Emerging Europe Growth Fund, Western NIS Enterprise Fund and the Entrepreneurial Development Bank of the Netherlands (FMO) – jointly own the company along with its core management team. The [...]

Armenian glass bottle and jar manufacturer Saranist has secured a USD 3.5 million loan from EBRD for capacity expansion and working capital requirements. The company will use the proceeds to build a new production unit and an energy efficient furnace that will cater to the demands of the local Armenian and Georgian markets, thus offering [...]

Turkey based fund manager Crescent Capital Advisory Ltd. has announced the successful launch and first closing of Clean Energy Transition Fund LP (CETF), a private equity fund focused on renewable energy and related sectors. CETF will seek investment opportunities in solar, wind, hydro, geothermal and biomass power projects in Turkey and South Eastern Europe. Clean [...]

Expur S.A., a Romanian agriculture business, will receive a EUR 80 million syndicated financing deal from EBRD. The loan will be used to help develop a market for rapeseed meal and produce sunflower seeds that are higher in oleic acid. The higher acid content in the sunflower seeds will produce greater quantities of oil; an [...]

Ukrainian meat processing company Globino Group will receive a USD 25 million loan from EBRD to increase its production capacity, encourage exports, construct a biogas complex, and restructure their finances. EBRD is the largest investor in the Ukraine. Currently over USD 9 billion has been invested into this area through 276 different projects. This is [...]

EBRD has acquired a minority stake in Khask Group, a Ukrainian packaging manufacturer. The USD 6 million investment will enhance the company’s ability to bring in additional modern equipment and foster expansion. The investment will also be used to help the group maintain its position as the leading producer of adhesive tape in the CIS [...]

A loan valued at EUR 34.4 million will be granted by EBRD to AS Graanul Invest. The loan will be used by Graanul Invest to build two new fuel pellet facilities. These factories include an additional plant in Estonia and one in Latvia. AS Graanul Invest (www.graanulinvest.ee) The company was first established in 2003, building [...]

Mediterra Capital Management is pleased to announce that they raise $144 million during the first close of their debut fund aimed directly at the Turkish market. Mediterra plans to raise a total of USD 360 million by the end of 2011 for its Mediterra Capital Management I fund. Initial investors include 10 of the top [...]

The European Bank for Reconstruction and Development (EBRD) has completed the purchase of a minority stake in the Russian bakery, Hlebprom. The EUR 10 million investment will be used to upgrade the cake and biscuit producer’s plants. which has developed its own national distribution system. The money will primarily be used to buy new ovens [...]

The European Bank for Reconstruction and Development (ERBD) has recently granted a $2.5 million (U.S. Dollars) loan to Aqua Vita, LLC to help the company increase its production capabilities. The loan will be used to help Aqua Vita modernize its bottling capabilities, doubling its production capabilities. Aqua Vita LLC Aqua Vita is one of the [...]

The EBRD has added to its 200+ Ukrainian projects with a USD 11.5 million equity investment in a Fra-M. Fra-M is one of the largest wholesale distributors of pharmaceutical products in the Ukraine. The company plans to use the new financing to stabilize working capital, invest in its logistics operations, and expand its wholesale operations. As part [...]