Release date: 13 August 2015
Promoter – Financial Intermediary
VANTAGE CAPITAL GROUP (PTY) LTDLocation
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