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    Summary sheet

    Release date
    8 June 2022
    Status
    Reference
    Approved | 13/07/2022
    20220081
    Project name
    Promoter - financial intermediary
    PARTECH AFRICA VENTURE CAPITAL FUND II
    PARTECH PARTNERS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    not disclosed
    not disclosed
    Location
    Sector(s)
    Description
    Objectives

    The proposed operation consists of an equity participation in Partech Africa II ("the Fund"), a venture capital fund focusing on start-ups and high-growth small and medium-sized enterprises (SMEs) active in the digital and technology sectors in Africa.

    The operation concerns a participation in Partech Africa Venture Capital Fund II, a closed-end venture capital fund. The fund will target local start-ups led by young and local entrepreneurs in the digital and technology sectors in Africa. The fund is the successor fund of Partech Africa Fund I, in which the EIB invested in 2017. The first fund has been successfully deployed and the new fund will pursue a similar strategy, leveraging on the strong team's knowledge and experience. As proven in the past, the fund manager will create value through a hands-on management approach, driving the growth and profitability of investee companies and enhancing enterprise skills, 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 Bank.

    Not applicable.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - PARTECH AFRICA VENTURE CAPITAL FUND II
    Publication Date
    19 Jul 2022
    Document language
    Main Topic
    Lending
    Document Number
    154514755
    Document Focus
    Environmental Information
    Project Number
    20220081
    Sector(s)
    Countries
    Publicly available
    Download now

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