The European Bank for Reconstruction and Development (EBRD) is a multilateral development finance institution established in 1990. Headquartered in London, it operates primarily in Central and Eastern Europe, the Caucasus, Central Asia, and the Southern and Eastern Mediterranean. The EBRD provides a range of financial products and services, including loans, equity investments, and guarantees, to support private sector development and promote sustainable growth. It serves various sectors such as agribusiness, energy, finance, and infrastructure, and also offers policy dialogue and advisory services. The EBRD has invested over €130 billion in more than 5,200 projects since its inception, playing a significant role in fostering change and economic development in its regions of operation.
Director and Head of Infrastructure, Turkey, Middle East and Africa
Maria Barsuk
Investor
Odile Renaud Basso
President
Matteo Colangeli
Regional Director, Western Balkans
Mark Davis Ph.D
Managing Director, Southern and Eastern Mediterranean
Susan Goeransson
Director of Infrastructure Europe and Sustainable Infrastructure Group
Zsuzsanna Hargitai
Managing Director, Small and Medium Enterprises Finance and Development
Zoltan Hopka
Investor
Natalia Lacorzana
Director, Natural Resources
Francis Malige
Managing Director, Financial Institutions
Andreea Moraru
Director and Regional Head of Greece and Cyprus
Tamás Nagy
Director, Equity Partner and Co-Head of Private Equity
Nandita Parshad
Managing Director, Sustainable Infrastructure Group
Odile Renaud-Basso
President and Member of the Executive Committee
Jürgen Rigterink
First Vice President, Chairman and Head of Client Services Group
Kanako Sekine
Managing Director, Portfolio
Melis Tabojer
Director and Head of European Union Banks and Structured Finance
Paul Vlaanderen
Director
Aleksandra Vukosavljevic
Director, Financial Institutions, Western Balkans and Eastern Europe
Dirk Werner
Managing Director, Equity
Natalia Zhukova
Director and Head, Agribusiness
Grzegorz Zielinski
Director and Head of Energy Europe
Alistair Clark Ph.D
Managing Director, Environment and Sustainability Department
Heike Harmgart
Managing Director for Sub-Saharan Africa
Past deals in Eastern Europe
AFI Europe Romania
Debt Financing in 2025
AFI Europe Romania provides scale residential projects under development. They serve residential and mixed-use developments. They serve a portfolio consisting of shopping centers, business parks, and large-scale residential and mixed-use developments.
Yuria-Pharm
Debt Financing in 2025
Yuria-Pharm is a pharmaceutical manufacturer based in Kyiv, Ukraine, focused on producing a diverse array of pharmaceutical drugs and medical supplies. The company specializes in intensive care medicines, including a variety of intravenous drugs and medical devices. Yuria-Pharm provides comprehensive infusion options designed to address various medical conditions, as well as antiseptics to support healthcare needs. Through its commitment to quality and innovation, Yuria-Pharm plays a significant role in the healthcare sector in Ukraine.
Ukrnafta
Post in 2025
Ukrnafta is an oil and gas company operating in Ukraine, focusing on the exploration, development, and production of natural gas and oil. The firm is involved in various aspects of the energy sector, including onshore drilling, work-over services, gas processing, and transportation. Additionally, Ukrnafta manages gas stations and provides oilfield services to support its operations. Through its comprehensive approach, the company contributes to the energy supply and infrastructure within the region.
Kazakhstan Electricity Grid Operating Company
Post in 2024
Kazakhstan Electricity Grid Operating Company JSC, based in Astana, is a key player in the electricity sector of Kazakhstan, providing essential services such as electricity transmission, dispatch, and production-consumption management. Founded in 1996, the company is responsible for centralized dispatch control and maintains the balance of the energy system while coordinating with neighboring countries' energy systems. Its activities include ensuring the readiness of electricity capacity, offering technical support, and maintaining infrastructure. The company also plays a significant role in the development of a sustainable electric power system, emphasizing infrastructure planning and clean energy initiatives. A substantial portion of its revenue is generated from customers in Kazakhstan, as well as in Russia and Uzbekistan.
Autonom Group
Debt Financing in 2024
Autonom Group is a family-owned mobility network that specializes in transportation and car rental services across Romania, Hungary, and Serbia. The company offers a comprehensive range of services, including car rentals, purchase-use vehicles, operating leases, equipment leases, road assistance, transfer services, and fleet management. Autonom Group is committed to long-term growth driven by client satisfaction and the development of its employees. The company prioritizes profitability and financial stability as natural outcomes of its focus on customer service and employee evolution.
Ronesans Holding
Debt Financing in 2024
Ronesans Holding AS is a diversified company based in Ankara, Turkey, with a wide range of operations in construction, real estate development, energy, and health infrastructure. The company constructs various facilities, including shopping malls, offices, hotels, residential buildings, and industrial plants, alongside significant infrastructure projects such as bridges, tunnels, and power plants. Additionally, Ronesans engages in land development and investment activities. In the energy sector, the company operates ten hydroelectric power plants and is involved in electricity trading. Founded in 1993, Ronesans Holding has extended its reach beyond Turkey, with operations in several countries, including Russia, Turkmenistan, and Algeria, among others, reflecting its robust international presence.
Kormotech
Debt Financing in 2024
Kormotech is a Ukraine-based company that specializes in cat and dog food manufacturing.
ProCredit Bank
Debt Financing in 2024
ProCredit Bank Moldova is a commercial bank based in Chisinau, Moldova, focusing on development. It provides banking services, with a particular emphasis on serving small and medium enterprises, as well as offering savings accounts to private individuals. The bank is known for its excellent customer service.
La Cocos
Private Equity Round in 2024
La CocoS is a Romanian retail company operating a single store in Ploiesti. It specializes in discounted food retail, offering a range of grocery items at bargain prices to its local customers.
Raiffeisen Bank
Debt Financing in 2024
Raiffeisen Bank International AG, headquartered in Vienna, Austria, is a leading provider of banking services, operating through its subsidiaries across Central, Southeastern, and Eastern Europe. The company offers a comprehensive range of services, including corporate, retail, and investment banking. For corporate clients, it provides trade finance, working capital finance, real estate finance, and project finance, along with credit and preload cards, bank guarantees, and hedging services. Retail customers can access services such as cards, accounts, credits, deposits, insurance, and online services. The bank also offers asset management, structured products, and digital services like mobile banking and electronic banking. With over 2,000 business outlets, Raiffeisen Bank caters to both individual and commercial clients, striving to improve customer service through its long-term experience and innovative solutions.
Photon Energy Group
Debt Financing in 2024
Photon Energy Group is a global solar power solutions and services company headquartered in Amsterdam, Netherlands, with additional offices in Germany, Australia, the Czech Republic, and Slovakia. The company specializes in the entire lifecycle of solar power systems, operating through five key divisions: Engineering, Technology, Investment, Operations & Maintenance, and New Energy. With a proven track record, Photon Energy has built and commissioned over 50 MWp of solar power plants and manages a portfolio of more than 180 MWp in operations and maintenance. The company also oversees its proprietary portfolio of 26 MWp of power plants across three countries on two continents. Photon Energy derives the majority of its revenue from its New Energy segment, primarily in the Czech Republic, while maintaining a strong presence in other markets, including Hungary, Poland, Romania, and Germany.
Farmak
Debt Financing in 2024
Farmak is a leading pharmaceutical company based in Ukraine, specializing in the creation and manufacturing of medical drugs. Established in 2010, it has become the largest exporter of medicines in the country and holds a prominent position in the Ukrainian pharmaceutical market. The company operates 20 production lines that adhere to Good Manufacturing Practice (GMP) standards. In 2015, Farmak expanded its capabilities by establishing a facility in Shostka for the production of active pharmaceutical ingredients, with a planned output of 100 tons per year. Farmak's product range includes generic medications across various therapeutic areas, such as endocrinology, diagnostics, and cardiology, which are primarily distributed within Ukraine and exported to numerous international markets.
Ukreximbank
Debt Financing in 2024
Ukreximbank is an export-import bank located in Kyiv, Ukraine, established in January 1992. It was created through a presidential order and received its initial banking license from the National Bank of Ukraine shortly thereafter. The bank primarily focuses on facilitating foreign trade for the country and offers specialized services such as pre-export financing and banking solutions for warehouse stocks in the agricultural sector. Over the years, Ukreximbank has evolved into a modern financial institution, supporting the development of Ukraine's trade and export activities.
KredoBank
Debt Financing in 2023
KredoBank PJSC is a banking corporation based in Ukraine that offers a range of commercial banking services. Its operations encompass both retail and corporate banking, providing individuals with current and savings accounts, deposits, credit and debit cards, consumer loans, mortgages, and foreign currency transactions. For corporate clients, KredoBank offers direct debit facilities, various loans, and credit services. Additionally, the bank engages in financial instrument trading, capital market transactions, and foreign currency operations. KredoBank is committed to delivering effective and secure banking solutions to its customers, aiming for growth and stability in its financial offerings.
Moldovan Railways
Debt Financing in 2023
Moldovan Railways is the country's sole railway operator, responsible for passenger and cargo transportation as well as railway infrastructure maintenance.
Ukreximbank
Debt Financing in 2023
Ukreximbank is an export-import bank located in Kyiv, Ukraine, established in January 1992. It was created through a presidential order and received its initial banking license from the National Bank of Ukraine shortly thereafter. The bank primarily focuses on facilitating foreign trade for the country and offers specialized services such as pre-export financing and banking solutions for warehouse stocks in the agricultural sector. Over the years, Ukreximbank has evolved into a modern financial institution, supporting the development of Ukraine's trade and export activities.
ProCredit Holding
Post in 2023
ProCredit Holding is a financial services company that manages a group of banks operating in South-Eastern Europe, Eastern Europe, South America, and Germany. It offers a range of banking services, including deposits, loans, and current and savings accounts. The company's core activities involve strategic management, capital adequacy, risk management, and ensuring proper business organization within the group.
Grain Alliance
Debt Financing in 2022
Grain Alliance is a farm operator based in Ukraine that focuses on modernizing agricultural practices to enhance productivity and efficiency. By integrating contemporary technology and effective financial management, the company aims to revitalize Ukraine's agricultural sector and reaffirm its status as a significant producer of grain. Through the implementation of advanced production methods, Grain Alliance is committed to improving farming outcomes and contributing to the country's agricultural development.
Premier Energy
Debt Financing in 2022
Premier Energy SRL is a Romanian company focused on the distribution and supply of natural gas. Established in 2007 and headquartered in Bucharest, it provides maintenance and construction services for natural gas distribution networks, as well as connections and user installations. The company serves both residential and commercial clients, distributing natural gas to households and non-household consumers while also supplying industrial clients beyond its concession areas.
Raiffeisen Bank
Debt Financing in 2022
Raiffeisen Bank International AG, headquartered in Vienna, Austria, is a leading provider of banking services, operating through its subsidiaries across Central, Southeastern, and Eastern Europe. The company offers a comprehensive range of services, including corporate, retail, and investment banking. For corporate clients, it provides trade finance, working capital finance, real estate finance, and project finance, along with credit and preload cards, bank guarantees, and hedging services. Retail customers can access services such as cards, accounts, credits, deposits, insurance, and online services. The bank also offers asset management, structured products, and digital services like mobile banking and electronic banking. With over 2,000 business outlets, Raiffeisen Bank caters to both individual and commercial clients, striving to improve customer service through its long-term experience and innovative solutions.
OTE Group of Companies
Post in 2022
OTE Group is the technology company.They offers the full range of telecommunications services: from fixed-line and mobile telephony, broadband services, to pay television and integrated ICT solutions. In addition to its core telecommunications activities, the Group in Greece is also involved in maritime communications, real-estate and professional training. Abroad, the Group operates in the telecommunications market of Romania, where it offers fixed-line and mobile communications, as well as television services.
Mobiasbanca
Debt Financing in 2021
Mobiasbanca is a commercial bank located in Chisinau, Moldova, established in 1990. It offers a range of banking services for individuals and businesses, including individual, corporate, and mortgage banking. The bank provides various financial products such as working capital, project finance, real estate debt, trade finance, and cash management. As a subsidiary of Groupe Société Générale, Mobiasbanca plays a significant role in the Moldovan banking sector, serving the diverse financial needs of its customers.
Dragon Capital
Debt Financing in 2021
Dragon Capital is a prominent Ukrainian financial services firm established in 2000, headquartered in Limassol, Cyprus. The company provides a wide range of investment and financial services, including equities and fixed-income sales, trading and research, investment banking, private equity, and asset management to institutional, corporate, and private clients. Dragon Capital has a significant presence in the Ukrainian stock and debt markets, executing a substantial portion of the country's transactions and advising leading corporates and banks on debt financing through local bonds, Eurobonds, and structured finance. The firm's investment banking capabilities encompass domestic and cross-border mergers and acquisitions, initial public offerings, private placements, and various debt financing solutions. With a successful track record in private equity investments across various sectors in Ukraine, Dragon Capital has garnered a reputation for excellence, receiving multiple awards for its equity research and investment banking services. The company has completed over 100 capital-raising and advisory deals, contributing significantly to the development of the Ukrainian financial landscape.
Moldova Agroindbank
Debt Financing in 2020
Moldova Agroindbank is a commercial bank based in Chişinău, Moldova, established in 1991. It offers a comprehensive range of financial services to both individuals and legal entities, including mortgage loans, consumer credit, term deposits, current accounts, and payment cards. The bank specializes in providing various banking products such as leasing, multi-optional loans, credit cards, and overdraft facilities, as well as financing for personal expenses, real estate, and working capital. Additionally, it offers capital market investment products, letters of credit, bank guarantees, and documentary collections, making it a key player in the Moldovan financial services sector.
Grain Alliance
Debt Financing in 2020
Grain Alliance is a farm operator based in Ukraine that focuses on modernizing agricultural practices to enhance productivity and efficiency. By integrating contemporary technology and effective financial management, the company aims to revitalize Ukraine's agricultural sector and reaffirm its status as a significant producer of grain. Through the implementation of advanced production methods, Grain Alliance is committed to improving farming outcomes and contributing to the country's agricultural development.
Mobiasbanca
Debt Financing in 2020
Mobiasbanca is a commercial bank located in Chisinau, Moldova, established in 1990. It offers a range of banking services for individuals and businesses, including individual, corporate, and mortgage banking. The bank provides various financial products such as working capital, project finance, real estate debt, trade finance, and cash management. As a subsidiary of Groupe Société Générale, Mobiasbanca plays a significant role in the Moldovan banking sector, serving the diverse financial needs of its customers.
Lantmännen Axa
Debt Financing in 2020
Lantmännen Axa are producer of breakfast cereals in Ukraine that is owned by Sweden’s agribusiness cooperative, Lantmännen.
Moldova Agroindbank
Private Equity Round in 2018
Moldova Agroindbank is a commercial bank based in Chişinău, Moldova, established in 1991. It offers a comprehensive range of financial services to both individuals and legal entities, including mortgage loans, consumer credit, term deposits, current accounts, and payment cards. The bank specializes in providing various banking products such as leasing, multi-optional loans, credit cards, and overdraft facilities, as well as financing for personal expenses, real estate, and working capital. Additionally, it offers capital market investment products, letters of credit, bank guarantees, and documentary collections, making it a key player in the Moldovan financial services sector.
SolarGaps
Grant in 2018
SolarGaps, based in Kyiv, Ukraine, specializes in the development of smart solar blinds that integrate photovoltaic panels to generate electricity. These innovative blinds automatically track the sun, allowing users to harness solar energy to power electrical devices in homes or offices. They can also store energy for later use, serving as an emergency power supply. By utilizing SolarGaps, users can significantly reduce their electricity bills while maintaining a comfortable indoor environment. Additionally, the system includes a smartphone app that enables remote monitoring and control, providing convenience and efficiency in energy management.
Webinar.ru
Series A in 2014
Webinar.ru is a Russian-based online service that enables businesses to conduct online meetings for various purposes, including marketing, training, sales, and collaboration. The platform allows users to hold webinars, where speakers can present to audiences ranging from small groups to several thousand participants. Key features of Webinar.ru include video and teleconferencing capabilities, chat functions, the ability to display presentations and documents, screen sharing, and conducting online surveys. This versatile platform facilitates the invitation of participants and speakers from around the globe, enhancing communication and engagement in a digital environment.
MAYKOR
Private Equity Round in 2013
MAYKOR is a leading provider of information technology and business process outsourcing services in Russia, specializing in integrated maintenance for IT equipment, building utility systems, and business applications. Founded in 2010 and headquartered in Moscow, the company operates a nationwide network of 83 branches and 400 local offices, employing over 3,000 certified engineers. MAYKOR offers a wide range of services, including IT outsourcing, facility management, and Business Solutions-as-a-Service, catering to various industries such as retail, telecommunications, energy, and finance. The company's comprehensive service portfolio encompasses areas like enterprise resource management, human resources, logistics, and business process outsourcing, covering finance and accounting, payroll, and document management. With a customer base exceeding 950 businesses, including major geographically distributed firms, MAYKOR is dedicated to providing effective infrastructure maintenance and development solutions tailored for large and medium-sized enterprises across the country.
KupiVIP
Series D in 2012
KupiVIP, established in 2008, is a prominent Russian online fashion retailer headquartered in Moscow. It specializes in selling discounted fashion and home goods from a wide range of high-street and luxury brands. With a customer base of over 6 million, KupiVIP hosts up to 20 daily private online flash sales, offering customers access to affordable, branded products. The company was founded by Vladimir Kholyaznikov, Mikhail Konoplev, and Oskar Hartmann.
KDL Test
Private Equity Round in 2012
KDL Test, LLC is a provider of laboratory diagnostic services based in Moscow, Russian Federation. Founded in 2003, the company operates five regional laboratories located in Perm, Omsk, Kazan, Krasnodar, and Astrakhan, along with 60 blood collection points. KDL Test specializes in a range of diagnostic services, including prenatal diagnostics, thyroid healthcare, COVID-19 testing, and assessments for diabetes and rheumatological conditions. The company emphasizes the safety of blood collection procedures by utilizing vacuum systems, and it enables clients to undergo planned operations and health examinations conveniently at home. KDL Test has established itself as a significant player in the retail sector and is the leading service provider in the B2B sector.
Russian Towers
Private Equity Round in 2012
Russian Towers is an independent owner of antenna mast structures in Russia, specializing in the construction and maintenance of telecommunication infrastructure. The company invests in the development of various tower designs across the country and acquires existing towers to enhance their quality and reliability. By sharing this infrastructure, Russian Towers enables significant financial and operational savings for its clients, allowing them to avoid redundant expenses and focus on their core business areas. The company provides essential services to mobile and fixed communication operators, as well as television broadcasters, facilitating improved mobile communication coverage and efficient network development. Founded by telecommunications professionals with support from notable financial institutions, Russian Towers positions itself as a dependable partner in the telecommunications sector, committed to enhancing service delivery and operational efficiency for its clients.
Enforta
Series C in 2008
Enforta Limited is a telecommunications company based in Moscow, Russia, specializing in B2B fixed wireless Internet access solutions. Founded in 2003, Enforta provides a range of services that include high-speed Internet access, corporate networking for data communication and telephony, as well as virtual private networks to connect various business locations securely. The company also offers solutions for integrating office communication systems without the need for physical equipment, enabling remote video surveillance, and providing Internet monitoring tools for businesses. With a client base exceeding 7,000 across 18 cities in Russia, Enforta utilizes various technologies, including WiMAX, to deliver comprehensive service packages that encompass both voice and data services. The company's focus is on enhancing communication capabilities for enterprises by offering tailored telecom and IT solutions.
KredoBank
KredoBank PJSC is a banking corporation based in Ukraine that offers a range of commercial banking services. Its operations encompass both retail and corporate banking, providing individuals with current and savings accounts, deposits, credit and debit cards, consumer loans, mortgages, and foreign currency transactions. For corporate clients, KredoBank offers direct debit facilities, various loans, and credit services. Additionally, the bank engages in financial instrument trading, capital market transactions, and foreign currency operations. KredoBank is committed to delivering effective and secure banking solutions to its customers, aiming for growth and stability in its financial offerings.
Garanti BBVA Romania
Garanti BBVA Romania is a dynamic bank in the local market, offering a comprehensive range of banking and financial services to clients in Bucharest. The bank provides quality products for various sectors, including retail, small and medium-sized enterprises (IMM), and corporate clients. Its services encompass debit cards, bank accounts, loans, financing solutions, financial risk protection, and payment systems, effectively catering to the needs of both individuals and businesses.
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