Signature(s)
Summary sheet
- Services - Financial and insurance activities
The proposed operation consists of an equity participation in Mediterrania Capital III (MC III), a generalist private equity fund targeting growth capital investments in small and medium-sized private companies located primarily in Southern Neighbourhood countries.
Key project objectives include supporting the development of the private sector, primarily in North Africa, by increasing access to risk capital for local small and medium-sized companies, the entry of an experienced private equity team into Egypt and contributing to the European Commission's economic and social development priority under the European Neighbourhood Policy (ENP) Action Plan, namely the reduction of unemployment and poverty.
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.
The project falls under the Risk Capital Facility for the Southern Neighbourhood countries, financed by the Bank and the European Union (acting through the Neighbourhood Investment Facility).