FIPA – Angola Private Equity Fund

Projektträger – zwischengeschaltetes Finanzinstitut

Angola Capital Partners (ACP), a joint venture between Banco Africano de Investimento (BAI) and Norfund (Norway). ACP will originate, implement, manage and realise investments on behalf of FIPA. ACP Management will include from the start three investment executives, already identified.

Ort

• Angola

Beschreibung

FIPA will be a private equity fund promoted by Norfund and BAI, a local, private commercial Angolan bank. FIPA’s objective will be to invest in local enterprises in Angola, thus overcoming the lack of equity/venture capital and similar instruments in the country.

Ziele

FIPA will be the first private equity fund in Angola focusing on investments in established and/or start-up local SMEs. Target size of the fund is USD 100 million., investments will take the form of equity, preference shares or loan instruments.

Sektor(en)

• Dienstleistungen

Vorgeschlagene EIB-Finanzierung (voraussichtlicher Betrag)

EIB’s commitment would be to make an initial investment of up to EUR 5 million. and increase its investment in the fund as FIPA grows towards its capitalization target (see below). EIB will not exceed 20% of the total investments made during the life of the fund at any time.

Gesamtkosten (voraussichtlicher Betrag)

The fund (FIPA) has a target capitalisation of USD 100 million., however it is anticipated that a first closing will be done with a core group of investors at a level of USD 22.5 million.

Umweltaspekte

Not available.

Auftragsvergabe

Not applicable.

Projektstatus

In Prüfung - 4/11/2009