Project description
and objectives:
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Centras Private Equity Fund (the “Fund”) is a private equity fund that will
seek intermediate and long-term capital appreciation by making primarily
equity and equity-like investments in the companies operating in or exporting
products or services from Kazakhstan, Russia and Central Asia.
The Fund will invest in early stage growth companies with potential to be
market leaders in the financial services, consumer goods & services, basic
materials, alternative telecoms in Kazakhstan (at least 70% of Fund’s
capital), Russia and Central Asia. The target size of investments is USD 4.5
to 7.5 million.
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Transition impact:
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The Fund will support the development of private companies in the region
through operational and strategic restructuring.
The team of the Fund has a good track record of active management of companies
and will continue to use the same approach in the Fund’s investments.
The transition impact of the proposed project will be most pronounced in the
following four areas:
1) institution building and development of private equity market;
2) restructuring of investee companies and transfer of skills;
3) demonstrating that private equity funds are a sustainable form of
financing; and
4) improvement of corporate governance.
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The client:
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The Fund will be established by Centras Capital Partners (the “General
Partner”), a private limited company incorporated under the laws of Guernsey.
The General Partner is an affiliate of Centras Securities, a joint-stock
company established under the laws of Kazakhstan. The General Partner will
appoint Centras Securities (most likely through its wholly owned subsidiary)
as an investment manager of the Fund (the “Investment Manager”).
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EBRD finance:
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The EBRD proposes an equity investment of 20% of the aggregate fund size to a
maximum USD 15 million.
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Total project cost:
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Total fund size is estimated at USD 75 million for the final closing. The
first closing target is USD 30 million.
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Environmental impact:
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The Fund will be required to adopt and implement the EBRD’s Environmental
Procedures for Funds which includes compliance with the EBRD’s Environmental
Exclusion and Referral List and provision of an Annual Environmental Report.
Investee companies will be required to comply, at a minimum, with national
standards for environment, health, safety and labour.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Mr. Eldar Abdrazakov, Managing Director
E-mail: eabdrazakov@centrascapital.com
Mr. Dauren Alipbayev, Managing Director
E-mail: dalipbayev@centrascapital.com
Centras Capital
240 G Furmanov Street
CDC Business Center 9th
Floor
Almaty 050059
Kazakhstan
Tel: +7 3272 59 88 77
Fax: +7 3272 59 88 87
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EBRD contact:
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Kanat Jousoupbekov, Operation Leader: jousoupk@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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