Release date: 29 August 2016
Promoter – Financial Intermediary
PRIVATE ENTITY(IES)Location
Description
The proposed operation consists of an equity participation in Egypt Mid-Cap Fund, a generalist private equity fund targeting growth capital investments in small and medium-sized private companies located in Egypt.
Objectives
The Fund will target growth capital investments in Egyptian small and medium-sized companies ("SMEs") that are seeking to grow their business at above average growth rates. The EIB would support an experienced first-time team and help restore the development of the private equity industry in Egypt. The Fund has a target size of USD 100m with a hard cap of USD 120m.
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
USD 15 million (EUR 14 million)
Total cost (Approximate amount)
USD 120 million (EUR 113 million)
Environmental aspects
The fund will operate in line with the EIB's environmental and social standards.
Procurement
Procurement will be in line with EIB guidelines for private sector projects.
Status
Signed - 14/02/2017
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).