10.04.2023 BDB offers equity investment funds cooperation in risk financing
The state bank met with representatives of 25 equity investment companies in Bulgaria
Bulgarian Development Bank initiated a meeting with equity investment funds in the country. The venture financing needs of the market, the potential for collaboration and the main factors related to venture capital investments were discussed.
"It is important for us to restart the discussions with the funds and be able to assist them in the challenges they face. They expect systematic support for the development of the sector and we want to build on the opportunities that we already offer through our Capital Investments Fund," said BDB’s Executive Director, Ivan Cerovski, who has many years of experience in the field of equity investments.
Among the main tasks of the state bank is to create a suitable environment for the development of small and medium-sized businesses and to support their growth by providing various types of financial instruments. Its purpose is to meet the demand for liquid, investment and venture capital needed by the businesses during the various phases of their development.
In 2018, BDB also created a Capital Investments Fund with a capital of BGN 65 million. It provides equity capital, management expertise and market knowledge to small and medium-sized enterprises. The bank participates in the capital and supports the development of the companies Kolev & Kolev, Decibel, IPS (International Power Supply), Econic One, Barin Sports and Evrotrust. In August 2022, the Capital Investments Fund successfully exited its deal with the furniture company M2 PROM. Thus, the first successful exit of the bank was realized, after the French giant in the equipment of commercial spaces, Groupe Lindera, acquired 100% of the company.
