Release date: 15 October 2019
Promoter – Financial Intermediary
SPECIAL PURPOSE ENTITY(IES)/FUNDLocation
Description
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.
Objectives
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.
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
USD 22 million (EUR 20 million)
Total cost (Approximate amount)
USD 250 million (EUR 225 million)
Environmental aspects
The fund will operate in line with the EIB's environmental and social standards.
Procurement
N/A
Status
Approved - 22/10/2019
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).