Release date: 13 November 2019
Promoter – Financial Intermediary
ACCEPTABLE CORPORATE(S)Location
Description
Foursan Capital Partners Fund II is a generalist sector fund, focussing on investments primarily on small and medium-sized enterprises (SMEs) located in the Levant region and North Africa.
Objectives
The fund will build on the strategy followed by its predecessor funds, Jordan Fund and Foursan Capital Partners I, in making equity investments in enterprises operating in the Levant region and North Africa, with a focus on Jordan. The fund will seek to acquire significant minority and/or majority stakes in companies that have a strong market position and potential for growth. The operation will support the development of the private sector by increasing access to finance, reducing unemployment and attracting private and institutional investors to the region.
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
USD 20 million (EUR 19 million)
Total cost (Approximate amount)
USD 200 million (EUR 181 million)
Environmental aspects
The fund manager has developed and implements an Environmental, Social and Governance Policy, which complies with national regulation as well as the IFC Performance Standards.
Procurement
Not applicable
Status
Signed - 20/12/2019
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).