BSTDB invests in EOS Hellenic Renaissance Fund
Press Release | 05-Jun-2018
The Black Sea Trade and Development Bank is providing EUR 3 million to the EOS Hellenic Renaissance Fund (“EOS Fund”), a private equity fund established to support Greek small and medium-sized enterprises (SMEs). Through the Fund, the Bank’s financing will help Greek SMEs with high growth and export potential to implement their development and investment plans, thus creating added value to the Greek economy.
Along with BSTDB, key stakeholders in the EOS Fund are the European Investment Fund, the European Investment Bank, leading Greek businessmen, as well as Greek and foreign institutional investors.
The Fund is to be managed by EOS Capital Partners Alternative Investment Fund Manager, a private equity management company based in Greece.
“We are pleased to see the successful first closing of the EOS Hellenic Renaissance Fund. This innovative way of supporting the SME sector underlines BSTDB’s long-term commitment to this strategic and outward-looking sector of the Greek economy. BSTDB is determined to pursue this developmental goal at the time of limited access to capital in the Greek market. We are pleased to work with EOS Capital Partners, a team of reputed professionals possessing international and domestic experience necessary to strengthen and support the development of a sophisticated financial structure in Greece,” said Ihsan Ugur Delikanli, BSTDB President.
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EOS Hellenic Renaissance Fund is a private equity fund which provides growth capital to high growth Small and Medium Enterprises (SMEs) entrepreneurial activities in Greece. The Fund’s management company is EOS Capital Partners AIFM (“EOS Capital Partners”), which has been authorized and is regulated by the Hellenic Capital Markets Commission.
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 are 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 EUR 3.45 billion. BSTDB is rated long-term “A-” by Standard and Poor’s and “A2” by Moody’s. For information on BSTDB, visit www.bstdb.org.
Press contact:
Haroula Christodoulou
Phone: +30 2310 290533
E-mail: cchristodoulou@bstdb.org