PROJECT

Projects

Summary of Investment Information

Project Number

43921

Company Name

Evolving Europe Principal Investments I SCSp

Date SPI Disclosed

Aug 3, 2020

Country

Southern Europe Subregion

Region

Europe

Projected Board Date

Dec 10, 2020

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 19, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Dec 10, 2020
Signed : Dec 21, 2020
Invested : Mar 9, 2021

Sector

Growth Equity Fund

Project Description

 IFC proposes an equity investment of up to €20 million into Evolving Europe Principal Investments I SCSp. (the “Fund”), managed by Integral Venture Partners Sarl (the “Manager”). The Fund is targeting to raise €150 million to invest in control-oriented growth equity transactions, or in select cases, minority (or preferred) equity investments with control provisions in small and medium-sized companies (“SME”) and mid-caps in South Eastern Europe (“SEE”) in Bulgaria and Romania, in Former Yugoslavia in the countries of Croatia, Kosovo, Montenegro, Serbia, Slovenia, Bosnia & Herzegovina, and North Macedonia as well as in Albania, and in Central and Eastern Europe (“CEE”) in Hungary, Slovakia and the Czech Republic. The Fund will focus on sectors such as consumer goods and services, healthcare, industrials and TMT. Target ticket size for the Fund is €5-25 million to be invested in 10-12 companies. A delegated authority co-investment envelope for the same amount (up to €20 million) in potential co-investments in the Fund’s portfolio companies is also being proposed alongside the fund commitment.                                                 

Associated Advisory Engagement

                 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation