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        CAPE III

        Signature(s)

        Amount
        € 28,625,235.4
        Sector(s)
        Services : € 28,625,235.4
        Signature date(s)
        15/05/2009 : € 28,625,235.4
        Other links

        Summary sheet

        Release date
        4 February 2009
        Status
        Reference
        Signed | 15/05/2009
        20080594
        Project name
        Promoter - financial intermediary
        Capital Alliance Private Equity III Limited ("Cape III", or "the Fund")

        African Capital Alliance Ltd, ("ACA")

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        The maximum between EUR 30 million and 20% of the Fund’s size.
        USD 500 million.
        Location
        Sector(s)
        Description
        Objectives

        The Fund will make equity investments in high growth companies operating in West Africa and the Gulf of Guinea.

        The Fund has a 30% gross IRR objective, promoting development through investments to be made primarily in the following sectors - energy (40%), information technology, telecommunications, services, agro-allied and manufacturing.

        Environmental aspects
        Procurement

        The EIB will ensure that the Fund has appropriate Environmental and Social Management Systems in place for the evaluation of its investee companies.

        Not applicable.

        Other links

        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).

        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.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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