AccessBank of Azerbaijan CJSC

AccessHolding is an active manager which invests in start-up and early-stage microfinance institutions worldwide, with an initial focus on building regional clusters of microfinance banks in Sub-Saharan Africa and Central Asia.The firm focuses on equity investments, taking controlling majority stakes of their investee MFIs as sole investor or co-investing with like-minded investors, including AccessHolding shareholders.AccessHolding seeks to tightly oversee and actively foster the development of their investee banks, forming the strategic node of the network banks while LFS Financial Systems provides management and consulting services. They exercise the central interface function by providing investee banks with support including product development, internal audit and control, information and knowledge management and refinancing.The firm provides flexible, task-specific assistance in areas which are typically underdeveloped in early-stage MFIs, allowing management to focus on day-to-day operations and building up the key functions which they require to sustain and drive medium and long-term growth.

KfW Mittelstandsbank invests in young technology-based businesses and established small and medium-sized companies.The ERP Start fund is invested in early-stage innovative businesses, generally in syndication with a third-party investment firm, a corporate strategic investor, the German Federal Ministry for Economics and Labor (BMWA) and private investors. The firm co-invests with a lead investor who provides consulting support to the investee. They avoid getting involved in the management of the companies in which they invest. The firm may participate in subsequent financing rounds. The ERP Start fund is focused on technology-based startups developing new products or services based on their own research and development effort.The ERP Participation program makes one-time only investments in direct equity participations, targeting established middle-market companies with an annual turnover of up to 50 million Euros. ERP Participation focuses on expansion financing, operational restructuring, corporate successions, shareholder restructuring and innovative or cooperative projects. The targeted investment horizon varies from 10 years in the western part of Germany to 15 years in the eastern regions.The KfW Unternehmerkapital program specializes in mezzanine financing, offering long-term subordinated loans to startups, expansion-phase businesses and established companies.

European Bank for Reconstruction & Development (Private Eqty) is an active manager which invests in companies located in Albania, Armenia, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Belarus, Czech Republic, Georgia, Croatia, Hungary, Kyrgyzstan, Kazakhstan, Lithuania, Moldova, Montenegro, North Macedonia, Poland, Romania, Serbia, Russian Federation, Slovenia, Slovakia, Tajikistan, Ukraine and Uzbekistan. It participates in various transactions and focuses on a wide range of sectors and industries.