Release date: 9 July 2008
Promoter – Financial Intermediary
Adlevo Capital Managers, LLCLocation
Description
Adlevo Capital Africa is a Mauritius-domiciled private equity fund which is being formed to take advantage of the growing opportunities for technology investments with a special focus on Nigeria and South Africa.
Objectives
The Fund will primarily target investments into technology-enabled infrastructure and service companies in sub-Saharan Africa. This strategy is expected to deliver significant enterprise development benefits, especially in the area of information technology.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to USD 20 million.
Total cost (Approximate amount)
USD 100 million.
Environmental aspects
Environmental analysis accourding to guidelines acceptable to the Bank will be part of the Fund’s due diligence process in the appraisal of investee companies.
Procurement
Not applicable.
Status
Signed - 17/10/2008
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).