8/12/2019 Midsized
1/1
July 2010
Geographic Scope
The Facility targets projects in
Kazakhstan, Russia, Ukraine and the
new EU members Bulgaria, Estonia,
Hungary, Latvia, Lithuania, Poland,
Romania, the Slovak Republic and
Slovenia.
Eligible investments
New investments, expansions, joint-
ventures and acquisitions of existing
private companies are all eligible
under the Facility. Funds can be used
for the purchase of equipment, for
civil works, patents and trademarks,
but also to finance working capital.
Refinancing can be considered on a
case-by-case basis.
A wide range of sectors qualify for
MPF investments including general
manufacturing, agribusiness, property,
tourism and telecom. Infrastructure
projects or financial institutions,
however, are not eligible.
Eligible Investors
The Facility is available to cross-border
investors from EBRDs countries
of operations and to locally-owned
companies that meet the followingcriteria:
are privately-owned;
are new EBRD clients in the country
concerned;
are not controlled by a dominant
player in the market.
International investors are also
eligible for projects in Kazakhstan,
the Russian Federation and Ukraine
provided they meet the abovementioned criteria and do not
have
more than 20 million invested in the
country concerned.
Financing instruments
The Facility provides various financing
instruments such as senior debt,
quasi-equity and equity. Financing
structures are tailored to the needs of
the client.
Simplified procedures
Projects under the Facility go through
a simplified approval process. The
potential clients will present a
description of their project in English
together with the financial statements
of the parent company. If the project
fulfils the eligibility criteria under the
Facility, a business plan will need to
be submitted and a handling team
from the EBRD will be assigned to theproject.
Conditionalities
The EBRD financing will amount to
1 million to 10 million while total
project cost should not exceed
30 million.
All projects must meet EBRDs
environmental and social standards.
TC Funds
On a case-by-case basis, TC Fundscan contribute to due diligence
and
legal costs.
TC Funds will not be offered in the
following instances :
for projects located in the new EU
members, other than Bulgaria and
Romania;
for companies with a turnover in
excess of 100 million; or
for projects with internationalsponsors in the EU.
The EBRD Mid-Sized Projects Facility (MPF) addresses the needs
of mid-sized
enterprises for fast approval of financing and simplified
procedures. Technical
Cooperation (TC) Funds may be available to cover part of the due
diligence and
legal costs.
Mid-sized Projects Facility
At a glance
Eligible countries
Bulgaria
Estonia
Hungary
Kazakhstan
Latvia
Lithuania
Poland
Romania
Russia
Ukraine
Slovak Republic
Slovenia
Eligible sectors
Agribusiness
General manufacturing
Property and tourism
Telecoms, informatics and media
Financing instruments
Senior debt
Quasi-equity
Equity
ContactsBndicte KarigerPrincipal Banker
Manufacturing and Services
Tel: +44 20 7338 6012
Email : [email protected]
EBRD website: www.ebrd.com
