Release date: 16 December 2008
Promoter – Financial Intermediary
Beltone Private Equity and SIGEFI Private EquityOrient Investment Management S.A., a company formed as a joint partnership between the two sponsors.
Location
Description
Participation on ENP risk capital of up to the USD equivalent of EUR 12.5 million in Beltone Midcap Fund - Egypt, a multi-sector fund investing in mid-sized companies in Egypt.
Objectives
Beltone Midcap will target mid-sized companies in Egypt defined as profitable companies with a turnover between USD 5 million and 50 million p.a.
Sector(s)
Proposed EIB finance (Approximate amount)
Contract amount of up to the USD equivalent of EUR 12.5 million.
Total cost (Approximate amount)
EUR 80 million / USD 100 million.
Environmental aspects
In addition to complying with Egypt’s environmental laws, regulations and policies and, where appropriate, EU legislation (e.g. sensitive sectors, environmental impact assessment), the Fund Manager has agreed to develop environmental guidelines in agreement with its leading investors, namely Beltone Private Equity and the Bank.
Procurement
N/A (private sector investment).
Status
Signed - 17/12/2008
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).