EBRD Mulls up to 15 Mln Euro Equity Investment in Bulgaria Mezzanine Capital I SCS

 The European Bank for Reconstruction and Development (EBRD) said it is considering providing an equity commitment of up to 15 million euro ($19.9 million) to Bulgaria Mezzanine Capital I SCS, SICAR, an investment fund to be established as a limited liability partnership in Luxembourg.The fund, targeting 60 million euro in aggregate investor commitments at final closing, is a first-generation fund which will provide mezzanine financing with equity participation features to primarily small and medium sized enterprises (SMEs) in Bulgaria, the EBRD said.

EBRD said its potential investment will support the development of a new investment team in Bulgaria and will facilitate the expansion of the mezzanine market in South Eastern Europe.

The fund will be managed by Bulgaria Mezzanine Capital I, Sarl, a limited liability company incorporated in Luxembourg; sponsored by Growth Capital Partners AG, a public company incorporated under the laws of Austria; and formed by key executives of the Mezzanine Management Group, a fund manager active in central and eastern Europe, and principals of Rosslyn Capital Partners, a Bulgarian investment firm.