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    Signature(s)

    Amount
    € 14,120,305
    Countries
    Sector(s)
    Egypt : € 14,120,305
    Services : € 14,120,305
    Signature date(s)
    14/02/2017 : € 14,120,305
    Link to source

    Summary sheet

    Release date
    29 August 2016
    Status
    Reference
    Signed | 14/02/2017
    20150634
    Project name
    Promoter - financial intermediary
    EGYPT MID-CAP FUND
    PRIVATE ENTITY(IES)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 15 million (EUR 14 million)
    USD 120 million (EUR 113 million)
    Location
    Sector(s)
    Description
    Objectives

    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.

    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.

    Environmental aspects
    Procurement

    The fund will operate in line with the EIB's environmental and social standards.

    Procurement will be in line with EIB guidelines for private sector projects.

    Link to source
    Summary sheet

    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).

    News & Stories

    Other links
    Summary sheet

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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