| Legal form | Sub-Fund of INVL Alternative Assets Umbrella Fund, a closed-ended composite investment fund for informed investors |
| Management company | INVL Asset Management, UAB |
| Sector | Investment in shares of Moldova-Agroindbank (MAIB) |
| Start of operation | 24 July 2018 |
| Fund unit distributor | INVL Financial Advisors, FMĮ UAB (the distribution of fund units are completed) |
INVL Special Opportunities Fund has indirectly invested in the stock of Moldova-Agroindbank (MAIB), the largest bank in Moldova. The Sub-Fund started its activities on 24 July 2018.
The size of the Sub-Fund is €4.5 million. The minimum investment in the Sub-Fund was €200,000, and the maximum – €500,000.
On 2 October 2018, an international consortium, which includes the European Bank for Reconstruction and Development (EBRD), Invalda INVL and Horizon Capital and which acts via UK-based company HEIM Partners, won an auction for the sale of stake in Moldova-Agroindbank (MAIB), Moldova’s largest commercial bank. For 41.09% of the MAIB shares HEIM Partners offered MDL 451.533 million (€23.031 million). HEIM Partners currently holds a 38.69% stake.
Lithuanian based MD Partners and EBRD each owns 37.5% of the shares in HEIM Partners, while the private equity manager Horizon Capital holds 25%.
INVL Special Opportunities Fund owns 48.63% of shares in MD Partners, while Invalda INVL – 51.37%.
Moldova-Agroindbank is the largest commercial bank in Moldova. Its assets at the end of 2023 amounted to €2.7 billion, and equity to €401 million.
More information: https://www.maib.md/en
INVL and Šiaulių bankas merged their retail services as of 1 December 2023.
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INVL and Šiaulių bankas merged their retail services as of 1 December 2023.