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    Reference: 20140602
    Release date: 13 August 2015

    Promoter – Financial Intermediary

    VANTAGE CAPITAL GROUP (PTY) LTD

    Location

    Description

    The operation consists of an equity participation of up to USD 25 million in Vantage Mezzanine Fund III, a generalist closed-end fund providing mezzanine finance to mid-market growth companies located in Africa.

    Objectives

    The fund will build on the successful strategy followed by its predecessor funds, Vantage Mezzanine Fund I and Vantage Mezzanine Fund II by providing mezzanine finance to high quality mid-market growth companies that are unable to access sufficient bank funding or to tap the bond or IPO markets due to their relatively small size, and are not willing to take private equity funding because of the level of equity dilution that this option entails.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 23 million (USD 25 million)

    Total cost (Approximate amount)

    EUR 225 million (USD 250 million)

    Environmental aspects

    The fund will operate in line with the EIB's environmental and social standards.

    Procurement

    N/A

    Status

    Signed - 10/03/2017

    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).

    Related tags

    Regional - Africa Services