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    Reference: 20130493
    Release date: 7 November 2013

    Promoter – Financial Intermediary

    CDG

    Location

    Description

    The proposed operation consists of an equity participation of up to EUR 12m in CapMezzanine Fund II, a generalist private equity fund targeting growth capital investments in private sector companies primarily located in Morocco.

    Objectives

    The proposed operation is expected to contribute risk capital funding to established, growth-oriented mid-market SMEs, principally located in Morocco, and potentially in neighbouring North African (Tunisia, Egypt) and West African countries (Senegal, Mauritania, Ivory Coast, Ghana and Mali). The Fund will target individual equity and/or quasi-equity investments between EUR 2-8m.

    Comments

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    EUR 12 million

    Total cost (Approximate amount)

    EUR 71 million

    Environmental aspects

    The Fund will operate in accordance with an environmental policy developed by the fund manager in consultation with the fund's investors.

    Procurement

    Not applicable (private sector operation)

    Status

    Signed - 20/12/2013

    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).

    Related tags

    Morocco Regional - North Africa Services