Reference: 20150634
Release date: 29 August 2016

Promoter – Financial Intermediary

PRIVATE ENTITY(IES)

Location

Description

The proposed operation consists of an equity participation in Egypt Mid-Cap Fund, a generalist private equity fund targeting growth capital investments in small and medium-sized private companies located in Egypt.

Objectives

The Fund will target growth capital investments in Egyptian small and medium-sized companies ("SMEs") that are seeking to grow their business at above average growth rates. The EIB would support an experienced first-time team and help restore the development of the private equity industry in Egypt. The Fund has a target size of USD 100m with a hard cap of USD 120m.

Sector(s)

  • Services - Financial and insurance activities

Proposed EIB finance (Approximate amount)

USD 15 million (EUR 14 million)

Total cost (Approximate amount)

USD 120 million (EUR 113 million)

Environmental aspects

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

Procurement

Procurement will be in line with EIB guidelines for private sector projects.

Status

Signed - 14/02/2017

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

Egypt Services