LJUBLJANA (Slovenia), October 24 (SeeNews) – The European Bank for Reconstruction and Development said on Wednesday it is considering an equity investment of up to 10 million euro ($11.5 million) in Invera Private Equity Fund to support the development of small and medium businesses in five southeast European countries.
The project has passed concept review and has a target board date of November 28, the EBRD said in a press release.
“The Fund will seek to generate long-term capital appreciation through equity and quasi-equity investments in growth-oriented small and medium-sized enterprises and mid-market companies in Croatia, Slovenia, Bosnia & Herzegovina, Serbia and Montenegro,” the statement added.
The target size of Invera Private Equity Fund is 100 million euro.
“The operation is expected to contribute to the resilient transition quality by increasing the availability of private equity capital,” the EBRD noted, adding that the project will support the competitive transition quality by providing long-term financing to SMEs and mid-market companies in the region.
($ = 0.87193 euro)