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    Signature(s)

    Amount
    € 20,000,000
    Countries
    Sector(s)
    Regional - North Africa : € 20,000,000
    Services : € 20,000,000
    Signature date(s)
    31/05/2013 : € 10,000,000
    21/12/2011 : € 10,000,000
    Link to source

    Summary sheet

    Release date
    19 October 2011
    Status
    Reference
    Signed | 21/12/2011
    20110435
    Project name
    Promoter - financial intermediary
    Capital North Africa Venture Fund II

    Capital Invest (fund manager)

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 10 million
    The target size of the Fund at final closing is EUR 80-90 million
    Description
    Objectives

    Equity investment in a closed-end generalist private equity fund focused on growth capital investments in SMEs located across North Africa.

    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.

    Environmental aspects
    Procurement

    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.

    Not applicable (private sector operation)

    Link to source

    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

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