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    Reference: 20140028
    Release date: 9 April 2014

    Promoter – Financial Intermediary

    PRIVATE ENTITY(IES)

    Location

    Description

    The proposed operation consists of an equity participation in Abraaj North Africa Fund II, a generalist private equity fund targeting expansion capital investments in private companies located in North African countries (Morocco, Algeria, Tunisia and Egypt).

    Objectives

    The Fund will seek to take minority or majority stakes in mid-market SMEs with proven business models and the ability to grow into regional leaders.

    Comments

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    EUR 20 million

    Total cost (Approximate amount)

    EUR 180 million

    Environmental aspects

    The Fund will operate in line with EIB requirements.

    Procurement

    Not applicable

    Status

    Signed - 30/06/2014

    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

    Regional - North Africa Services