Global Finance invests in EIG

June 30, 2008

Global Finance, through its South Eastern Europe Fund, has agreed to inject Euro 26 mm of equity in EuroIns Insurance Group LLC (EIG) against a minority stake.
EIG is a leading Bulgarian general insurance group that has successfully expanded to Romania and FYROM. The Group has 300 branches and 700,000 clients across the region and expects consolidated Gross Written Premium of Euro 95 mm for 2008 representing a growth of more than 40% over 2007.
Global Finance, in line with its strategy of supporting leading national companies to grow into strong regional players, will finance EIG’s organic growth as well as further acquisitions in both the region and new for the group insurance markets such as Russia and Ukraine.
EIG is a wholly owned subsidiary of EuroHold, the second largest holding listed on the Bulgarian Stock Exchange, active in leasing, asset management and the automotive sector.
Global Finance is a leading private equity firm with Euro 850 mm under management, raised from leading national and international investors. Since its establishment Global Finance has raised eight funds and invested in more than 60 companies predominantly in Greece, Bulgaria and Romania.
EFG Telesis Finance and EFG Securities Bulgaria advised on the transaction.