Marguerite II’s €700 Million Fundraising

Norton Rose Fulbright has advised Poland’s development bank, Bank Gospodarstwa Krajowego (“BGK”), on the launch of Marguerite II.

This follows the successful investment strategy of Marguerite I.

Marguerite II is a European infrastructure fund. It has been launched by a consortium of leading European national development banks comprising Poland’s Bank Gospodarstwa Krajowego (BGK), France’s Caisse des Dépôts Group (CDC), Italy’s Cassa depositi e prestiti (CDP), Germany’s Kreditanstalt für Wiederaufbau (KfW) and Spain’s Instituto de Crédito Oficial (ICO), and the European Investment Bank.

The equity fund aims to act as a catalyst for infrastructure investments of new greenfield and expansion of existing brownfield projects across Europe. The fund will ensure continued support to key infrastructure investments in the renewables, energy, transport and digital sectors. The total commitments of the fund are in excess of €700m. The fund has a 10-year fund life and intends to be fully invested in 5 years.

The Norton Rose Fulbright team included partners Pawel Bajno (Picture) (corporate law, private equity), Grzegorz Dyczkowski (finance law), Manfred Dietrich (financial institutions, funds, private equity) and of counsel Nam Nguyen-Groza (finance law, private equity).

Involved fees earner: Pawel Bajno – Norton Rose Fulbright; Grzegorz Dyczkowski – Norton Rose Fulbright; Manfred Dietrich – Norton Rose Fulbright; Nam Nguyen-Groza – Norton Rose Fulbright;

Law Firms: Norton Rose Fulbright;

Clients: Bank Gospodarstwa Krajowego;