Signature(s)
Amount
€ 13,184,495.03
Sector(s)
Services
: € 13,184,495.03
Signature date(s)
18/12/2018 : € 13,184,495.03
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Data sheet
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Summary sheet
Release date
12 June 2017
Status
Reference
Signed | 18/12/2018
20170146
Project name
Promoter - financial intermediary
AFRICA INDUSTRIALIZATION FUND - NORTH AFRICA
SPE CAPITAL PARTNERS LTD
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 15 million (EUR 13 million)
USD 150 million (EUR 133 million)
Location
Sector(s)
- Services - Financial and insurance activities
Description
Objectives
The proposed operation consists of an equity participation in Africa Industrialization Fund (AIF) - North Africa, a generalist private equity fund targeting growth capital investments in small and medium-sized private companies located in Southern Neighborhood countries.
The fund will target growth capital investments in Southern Neighborhood small and medium-sized companies (SMEs) that are seeking to grow their business at above average growth rates. The EIB would support the regionalisation strategy of an experienced private equity team. The fund has a target size of USD 150m.
Environmental aspects
Procurement
The fund will operate in line with the EIB's environmental and social standards.
Procurement will be in line with EIB guidelines for private sector projects.
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Summary sheet
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News & Stories
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