The Building Block Equity Fund

Promoter – Financial Intermediary

Bader, a Lebanese entrepreneurial network.

Location

• Lebanon

Description

Participation in the setting up of a private equity fund focused on Small and Medium-sized Enterprises (SMEs) in Lebanon.

Objectives

The project will improve the financing of SMEs in Lebanon. SMEs are seen as a key factor for the reconstruction and improvement of the competitiveness of Lebanon's economy.

Comments

Lebanese technology, services or innovative traditional companies.

Sector(s)

• Services

Proposed EIB finance (Approximate amount)

Up to the lower of EUR 5 million or 25% of fund size.

Total cost (Approximate amount)

Up to USD 22 million (EUR 17 million) fund size.

Environmental aspects

The fund will only invest in companies that comply with the environmental standards required by the EIB.

Procurement

Not applicable.

Status

Signed - 23/07/2007