BALTICS - GILD Bankers plans to launch new EUR 50m fund
GILD Bankers is planning to launch a new private equity fund in Q2 2008 with a target of EUR 50m.
The new vehicle will target companies in the Baltic and CEE region with high growth potential. It will purchase minority or majority stakes in those companies or provide them with convertible debt. It will target companies with at least three years of operational history and preferred sectors are internet properties, business services and outsourcing. The active investment period for the fund is 3+2 years with a total term of 10 years. GILD Long Haul II is set up to meet demand for investments in the range of EUR 1-10m in the Baltic region, and the current pipeline of investments includes telecommunications, transport and energy businesses.
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