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Signature(s)

Amount
€ 25,729,790.42
Sector(s)
Services : € 25,729,790.42
Signature date(s)
21/06/2024 : € 25,729,790.42
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Summary sheet

Release date
30 November 2023
Status
Reference
Signed | 21/06/2024
20230132
Project name
Promoter - financial intermediary
METIER CAPITAL GROWTH FUND III
METIER CG III MAURITIUS GP
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 28 million (EUR 26 million)
USD 200 million (EUR 186 million)
Location
Sector(s)
Description
Objectives

The operation is an equity participation in Metier Capital Growth Fund III, a generalist closed-end fund providing equity capital to small and medium sized enterprises (SMEs) and mid-market growth companies active across Africa.

The fund will support companies with experienced management teams, stable market positioning and strong growth potential. The operation will contribute to the gender balance and social sustainability in Africa and will support the development of the private sector by increasing access to finance, reducing unemployment and attracting private and institutional investors to the region.

Additionality and Impact

The operations concerns an investment in Metier Capital Growth Fund III - a USD 200m fund, providing equity and quasi-equity financing to SMEs and Mid-Market companies in Sub-Saharan Africa.

The proposal is in line with the Global Gateway priorities of supporting digitalisation and renewable energy across Africa. It also fits with the goals of the African Union's Agenda 2063 in supporting an inclusive growth and sustainable development, via economic resilience and diversification.

The commitment of EIB into the Fund is expected to ensure that the Fund is able to reach its target size and to fully implement its investment strategy. The participation of EIB will ensure that the terms of the Fund are in line with best market practice.


Environmental aspects
Procurement

The fund will comply with the EIB's Environmental and Social policies.

The fund will comply with the EIB's procurement policies.

Milestone
Under appraisal
Approved
Signed
6 February 2024
21 June 2024
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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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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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