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        FOURSAN CAPITAL PARTNERS FUND II

        Signature(s)

        Amount
        € 18,473,461.3
        Sector(s)
        Services : € 18,473,461.3
        Signature date(s)
        20/12/2019 : € 18,473,461.3
        Other links
        Parent project
        ERI RISK CAPITAL FACILITY

        Summary sheet

        Release date
        13 November 2019
        Status
        Reference
        Signed | 20/12/2019
        20190666
        Project name
        Promoter - financial intermediary
        FOURSAN CAPITAL PARTNERS FUND II
        ACCEPTABLE CORPORATE(S)
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        USD 20 million (EUR 19 million)
        USD 200 million (EUR 181 million)
        Location
        Sector(s)
        Description
        Objectives

        Foursan Capital Partners Fund II is a generalist sector fund, focussing on investments primarily on small and medium-sized enterprises (SMEs) located in the Levant region and North Africa.

        The fund will build on the strategy followed by its predecessor funds, Jordan Fund and Foursan Capital Partners I, in making equity investments in enterprises operating in the Levant region and North Africa, with a focus on Jordan. The fund will seek to acquire significant minority and/or majority stakes in companies that have a strong market position and potential for growth. The operation will support the development of the private sector by increasing access to finance, reducing unemployment and attracting private and institutional investors to the region.

        Environmental aspects
        Procurement

        The fund manager has developed and implements an Environmental, Social and Governance Policy, which complies with national regulation as well as the IFC Performance Standards.

        Not applicable

        Related projects
        Parent project
        ERI RISK CAPITAL FACILITY
        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.

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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 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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