The European Bank for Reconstruction and Development (EBRD) announced on Wednesday, October 24, 2018, that it was considering an equity investment of up to EUR 10 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 adds.
The target size of Invera Private Equity Fund is EUR 100 million.
– The operation is expected to contribute to the resilient transition quality by increasing the availability of private equity capital – the EBRD noted and added that the project would support the competitive transition quality by providing long-term financing to SMEs and mid-market companies in the region.