Resource Eastern European Equity Partners holds first close on €51m

The EBRD and Rabobank Group are investing €25m each, with Resources Partners contributing €1m. The fund has a final fundraising target of €200m.  

Resource Eastern European Equity Partners will focus primarily on investing in mid-cap agribusinesses in Poland, as well as in other EU member states in Central and South-Eastern Europe, operating in food processing, manufacturing, retail and logistics sectors, which have been historically underserved by private equity.
 
Nick Tesseyman, EBRD business group director for financial institutions and private equity, said, "The EBRD is pleased to join forces with Rabobank Group, a leading global bank for the food and agribusiness sectors, and to support the development of the private equity sector in Central and South-Eastern Europe. This project will bring the much needed resources and knowledge to support the development of prospective businesses in the current more challenging times.”
 
Sipko Schat, member of the executive board of Rabobank, added, "Rabobank has a strong position in the food and agribusiness sector in Poland and we believe private equity investments in these businesses in the region have superior return potential. We are excited to work together with EBRD as our partner in this promising venture."

To date the EBRD has committed €2.7bn in various private equity funds investing in countries of the Bank's operations.
 
Since the beginning of its operations in Poland the EBRD has invested close to €3.8bn in more than 200 projects in various sectors of the country's economy.

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