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    Signature(s)

    Amount
    € 18,790,570.55
    Sector(s)
    Services : € 18,790,570.55
    Signature date(s)
    30/09/2020 : € 18,790,570.55
    Link to source

    Summary sheet

    Release date
    15 October 2019
    Status
    Reference
    Approved | 22/10/2019
    20190621
    Project name
    Promoter - financial intermediary
    LORAX CAPITAL PARTNERS FUND II
    SPECIAL PURPOSE ENTITY(IES)/FUND
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 22 million (EUR 20 million)
    USD 250 million (EUR 225 million)
    Location
    Sector(s)
    Description
    Objectives

    The project concerns an equity participation of up to USD 22 million in Lorax Capital Partners (LCP) Fund II - a generalist, closed-ended private equity fund targeting primarily investments in SMEs and mid-market companies in Egypt.

    The investment strategy will build on the one that has been implemented for the predecessor fund. LCP fund II will seek to build a portfolio of private equity investments in growing and profitable companies run by experienced and credible management teams.

    Environmental aspects
    Procurement

    The fund will operate in line with the EIB's environmental and social standards.

    N/A

    Related projects
    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

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