BSTDB Invests in a Regional Private Equity Fund to Support the SME Sector Development in Ukraine and Moldova
Press Release | 03-Nov-2011
BSTDB has committed USD 12 million to the Europe Virgin Fund L.P. (EVF), a regional private equity fund sponsored by Dragon Capital, a leading investment bank in Ukraine. The Fund has the target size of USD 150 million and will provide equity financing to up to a dozen private small and medium-sized businesses with primary operations in Ukraine, Belarus and Moldova, in particular focusing on consumer goods, retail, industrial, telecom, media, technology, pharmaceuticals, construction materials and financial services sectors.
EVF started operations in the region, having raised USD 57 million to date from private partners and development finance institutions, including the European Bank for Reconstruction and Development and the Swiss Investment Fund for Emerging Markets.
* * * * * *
Dragon Capital is a leading investment bank in Ukraine offering a comprehensive range of services in equities and fixed income sales, trading and research, investment banking, private equity and asset management to institutional, corporate and private clients. Established in 2000, the company is an independent partnership controlled by management, with a minority stake held by Goldman Sachs.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters is in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is SDR 3 billion (appx. EUR 3,3 billion). BSTDB is rated long-term A by Standard and Poor’s and A3 by Moody’s.
Press Contact
Haroula Christodoulou
Tel: +30 2310 290533