Release date: 19 October 2011
Promoter – Financial Intermediary
Capital Invest (fund manager)
Location
Description
Equity investment in a closed-end generalist private equity fund focused on growth capital investments in SMEs located across North Africa.
Objectives
The proposed operation is expected to contribute risk capital funding to established, growth-oriented mid-market SMEs, principally located in Morocco and in neighbouring North African countries (Algeria, Tunisia). The Fund will target individual equity and/or quasi-equity investments between EUR 2-10 million.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 10 million
Total cost (Approximate amount)
The target size of the Fund at final closing is EUR 80-90 million
Environmental aspects
The Fund will operate in accordance with an environmental policy developed by the fund manager in consultation with an investor group of Development Finance Institutions.
Procurement
Not applicable (private sector operation)
Status
Signed - 21/12/2011
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).