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Signature(s)

Amount
€ 20,000,000
Sector(s)
Services : € 20,000,000
Signature date(s)
20/12/2019 : € 20,000,000
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Summary sheet

Release date
2 August 2019
Status
Reference
Signed | 20/12/2019
20190409
Project name
Promoter - financial intermediary
AMETHIS MENA FUND II
AMETHIS INVESTMENT FUND MANAGER S.A.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million
EUR 150 million
Location
Sector(s)
Description
Objectives

The operation consists of an equity participation in Amethis Mena Fund II, a closed-end private equity fund targeting investments in small and medium-sized enterprises (SMEs) and Midcaps active in the Middle East and North Africa (MENA). The fund will be set up to make privately negotiated equity and equity-related investments without focusing on a specific industry/sector.

The fund targets EUR 150m of total commitments into local companies in need of growth financing, with the aim of building national and regional champions. Its main objective is to acquire significant minority stakes in businesses with strong growth potential. The fund manager will seek to create value through a hands-on management approach, driving the growth and profitability of investee companies and enhancing enterprise skills and governance as well as environmental and social standards.

Environmental aspects
Procurement

The fund's operational guidelines provide for environmental and social due diligence of investee companies according to guidelines acceptable to the EIB.

Not applicable.

Related projects
Link to source
Summary sheet
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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).

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Alternatively, the EIB can be contacted through its external offices.
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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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