In a drive to help privatize energy distribution in Turkey, the EBRD has joined with International Finance Corp.(IFC) and UniCredit Bank AG to provide financing of up to USD $325 million. The financing package is being made available to the Akcez Enerji Yatirimlari Sanayi ve Ticaret A.S (Akcez) consortium and it’s electricity distribution subsidiary Sakarya [...]
Tag Archives: International Finance Corporation
CRG Capital Joins with IFC and EBRD for New CEE Fund
Vienna-based CRG Capital is joining forces with the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) to establish a new CEE fund to invest in distressed assets. The CEE Special Situations Fund has a target size of €200 million with the three initial investors providing a combined €36 million. The fund, which is [...]
International Investors Lend Support to TBC Bank
Georgia’s second largest bank, TBC Bank, is receiving financial assistance from a variety of international investors to help weather the global economic slowdown. One of the largest investors is the EBRD which will contribute up to USD 70 million. The investment will include USD 36.8 in equity capital for a stake in the bank, as [...]
Horizon Capital closes oversubscribed EEG Fund II at USD 390 million
Horizon Capital closed its newest fund, Emerging Europe Growth Fund II (EEGF II) with a total capital commitment of USD 390 million. Horizon Capital initially targeted a fund size of USD 300 million, but EEGF was oversubscribed within nine months. Emerging Europe Growth Fund II L.P. EEGF II will make investments in the range of [...]
