Slovenia's January net power output rises 2% m/m
Ljubljana stock exchange indices start week down
Croatian share indices close barely changed in higher turnover
Bosnia's building permits up 5.8% y/y in Jan
Bosnia's Federation building permits down 2.7% y/y in Jan
Nov 09, 2009 16:04 EEST
November 9 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said it is teaming up with Dutch-based Rabobank Group to set up a new private equity fund to support businesses in central and south-eastern Europe.
The Resource Eastern European Equity Partners I, LP will focus primarily on investing in mid-cap food and agribusinesses in Poland, as well as in other European Union member states in central and south-eastern Europe, operating in food processing, manufacturing, retail and logistics sectors, which have been historically underserved by private equity, the EBRD said in a statement on its website.
You can download the 2023 Agriculture industry in Southeast Europe report here
Limited liability company Resource Partners GP Ltd is acting as the Fund’s general partner.
The Fund will have a first close of 51 million euro ($76.4 million), of which the EBRD and Rabobank Group are investing 25 million euro each. Resources Partners GP is contributing 1.0 million euro. EBRD’s and Rabobank Group’s respective shares of the Fund will be diluted as third-party financing is raised and the Fund reaches its target size of 200 million euro.
“This project will bring the much needed resources and knowledge to support the development of prospective businesses in the current more challenging times,” Nick Tesseyman, EBRD Business Group Director for Financial Institutions and Private Equity, said in the statement.
Poland, the Czech Republic, Hungary and Slovakia are the EU member states in central Europe. In Southeast Europe, Bulgaria, Romania and Slovenia have so far joined the bloc.
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options