Signature(s)
Amount
€ 20,000,000
Sector(s)
Services
: € 20,000,000
Signature date(s)
30/06/2014 : € 5,000,000
30/06/2014 : € 15,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
9 April 2014
Status
Reference
Signed | 30/06/2014
20140028
Project name
Promoter - financial intermediary
ABRAAJ NORTH AFRICA FUND II
PRIVATE ENTITY(IES)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million
EUR 180 million
Location
Sector(s)
- Services - Financial and insurance activities
Description
Objectives
The proposed operation consists of an equity participation in Abraaj North Africa Fund II, a generalist private equity fund targeting expansion capital investments in private companies located in North African countries (Morocco, Algeria, Tunisia and Egypt).
The Fund will seek to take minority or majority stakes in mid-market SMEs with proven business models and the ability to grow into regional leaders.
Environmental aspects
Procurement
The Fund will operate in line with EIB requirements.
Not applicable
Link to source
Summary sheet
Other links
Data sheet