Investors in Serbia

As a venture capital company, HBM BioVentures is invested globally in some 40 mature emerging companies in the biotechnology/human medicine, diagnostics and medical technology sectors. The primary products of HBM BioVentures' portfolio companies are either at an advanced stage of development or already available on the market. The company focuses on unquoted emerging companies, with two-thirds are invested in private companies that offer high value creation potential. This has enabled HBM BioVentures to carve out a unique and distinctive market position. HBM BioVentures has a broad shareholder base and is listed on the SIX Swiss Exchange (ticker: HBMN).

South Central Ventures focuses on early stage high-growth companies with excellent management teams. With offices in Belgrade, Zagreb and Skopje, South Central Ventures (SCV), through Enterprise Innovation Fund (ENIF), is focused on tech companies in the Balkans. The € 40 million fund is dedicated primarily to early stage and growth investments. Within the fund’s ‘seed pocket’, € 1.5 million is allocated for investments of up to € 100 000 per company. The majority of the fund is allocated for early stage and growth investments of up to € 3 million per company. These investments are intended to fuel the international business expansion and growth of the most promising tech startups that can show traction and prove their potential to “make it big”.

The European Bank for Reconstruction and Development (EBRD) was established to help build a new, post-Cold War era in Central and Eastern Europe. It has since played a historic role and gained unique expertise in fostering change in the region - and beyond -, investing more than €130 billion in a total of over 5,200 projects. The EBRD is also heavily involved in providing project financing in the Middle East and Africa.

Eleven is a EUR 12 million acceleration and seed fund, based in Sofia, Bulgaria. Eleven launched in 2012 as a winner of the EIF Jeremie seed finance instrument for Bulgaria. Eleven’s aim is to give early stage teams the opportunity to pass from the discovery stage to validation and beyond, and to accelerate past initial MVP to Seed and Series A investment readiness. They are primarily focused on giving opportunities to teams in the region of Central and Eastern Europe, but they encourage teams from everywhere to apply. Eleven invests in 10-15 startups every three months, and offers an extensive mentorship program, an acceleration space, and a EUR 25,000 initial investment against 8% of equity to teams selected to participate. Based on each team's progress and needs, Eleven provides a follow-on investment of up to EUR 200,000 in aggregate. Eleven is a member of the Global Accelerator Network (GAN) and it is forging relationships with other startup hubs and investor communities across Europe and North America. Currently, the fund has invested more than EUR 7 million in 93 startups from South Eastern Europe and beyond.

Mid Europa is a buyout investor, focused on the growth markets of Central and South Eastern Europe with approximately €4.6 billion of funds raised and managed since inception.

Smurfit Kappa is one of the leading producers of paper-based packaging in the world, with around 41,000 employees in approximately 350 production sites across 32 countries and with a sales revenue of €7.9 bn in 2013. Innovation, service and pro-activity towards customers, using sustainable resources, is our primary focus. This focus is enhanced through us being an integrated producer, with our packaging plants sourcing the major part of their raw materials from our own paper mills. We are the European leader in paper-based packaging, operating in 21 countries selling products including corrugated, containerboard, bag-in-box, solidboard and solidboard packaging. We have a growing base in Eastern Europe in many of these product areas. We also have a key position in other product/market segments including graphicboard, MG paper and sack paper.

Credit Suisse Private Equity is the private equity arm of global private bank and wealth manager, Credit Suisse. The division invests in mezzanine, buyouts, secondaries, primarily in Europe and North America. The firm is based in London, United Kingdom.

The International Fund Distribution team at Citi screens the market for attractive investment opportunities through specialised asset managers, who give access to a specific asset know-how while demonstrating track-record and expertise. In parallel, the team keeps abreast of investment and portfolio allocation trends amongst Citi’s institutional clients with the aim to match their needs with those select managers.

UBS Asset Management delivers to the UK market the extensive capabilities of a truly global organisation. They offer a powerful partnership of independent global research, state-of-the-art risk management and cost-effective dealing. This all adds up to one clear aim to deliver superior investment performance and client servicing.

Abris Capital Partners is a private equity firm specializing in management buyouts, management buyins, acquisitions, and expansion capital investments in middle market companies. It also typically target companies through operational or strategic changes or succession situations and helping companies de-list from the stock exchange. It does not invest in gambling (but not bets), high content alcohol beverages, drugs, prostitution, speculative real estate development projects, and start-ups (except if the project is part of the development plans of an existing investee company), companies in operational distress, that need operational restructuring (have very low or do not have positive operational profit). It prefers to invest in industrial, commercial, and service businesses including infrastructure, media, commercial and consumer manufacturing, logistics/ express Delivery, FMCG, financial services, consumer finance, business services, automotive, communication equipments, telephone and telecommunication equipment, retail, environment and waste management, and energy, alternative energy sectors. The firm invests in the Central and Eastern Europe region with a focus on Poland; Bulgaria; Romania; Ukraine; and occasionally other CEE countries. The firm typically invests between €15 million ($20.09 million) and €75 million ($85.96 million), although it does consider larger investments in partnership with our institutional investors. It seeks to take a majority stake. It has a typical investment period of three and five years and exits its investments through trade sale, initial public offering, secondary sales etc. Abris Capital Partners was founded in 2007 and is based in Warsaw, Poland with an additional office in North Yorkshire, United Kingdom; and Bucharest, Romania.