Release date: 15 October 2010
Promoter – Financial Intermediary
Vantage Capital, a South African mezzanine and private equity firm founded in 2001.
Location
Description
An equity participation on ENPI risk capital resources in Vantage Regional Mezz Fund, a mezzanine fund that will primarily focus on growth and acquisition financing opportunities within middle market companies in the target region.
Objectives
Although the Fund will have no specific industry-sector focus, it will focus particularly in companies that have difficulty in getting loans from local commercial banks (e.g. asset-light business, service businesses, export-oriented businesses). The average investment will be between USD 5 million. and USD 20 million.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to the USD equivalent of EUR 10 million.
Total cost (Approximate amount)
The target size of the fund is USD 120 million.
Environmental aspects
In addition to complying with local environmental laws, regulations, and legislations, the Fund has agreed to implement environmental guidelines in agreement with the Bank and other leading investors.
Procurement
Not applicable (private sector investment).
Status
Signed - 17/12/2010
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).