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    Signature(s)

    Amount
    € 23,571,563.27
    Countries
    Sector(s)
    Regional - Africa : € 23,571,563.27
    Services : € 23,571,563.27
    Signature date(s)
    10/03/2017 : € 23,571,563.27

    Summary sheet

    Release date
    13 August 2015
    Status
    Reference
    Signed | 10/03/2017
    20140602
    Project name
    Promoter - financial intermediary
    VANTAGE MEZZANINE FUND III
    VANTAGE CAPITAL GROUP (PTY) LTD
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 23 million (USD 25 million)
    EUR 225 million (USD 250 million)
    Location
    Sector(s)
    Description
    Objectives

    The operation consists of an equity participation of up to USD 25 million in Vantage Mezzanine Fund III, a generalist closed-end fund providing mezzanine finance to mid-market growth companies located in Africa.

    The fund will build on the successful strategy followed by its predecessor funds, Vantage Mezzanine Fund I and Vantage Mezzanine Fund II by providing mezzanine finance to high quality mid-market growth companies that are unable to access sufficient bank funding or to tap the bond or IPO markets due to their relatively small size, and are not willing to take private equity funding because of the level of equity dilution that this option entails.

    Environmental aspects
    Procurement

    The fund will operate in line with the EIB's environmental and social standards.

    N/A

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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.

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    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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