Beltone Private Equity and SIGEFI Private Equity Orient Investment Management S.A., a company formed as a joint partnership between the two sponsors.
Location
Egypt
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.
Comments
Sector(s)
Services
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. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding 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, EIB can also be contacted through its external offices.
Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.
Any complaint regarding alleged maladministration can be lodged to 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 or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.
The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
