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    Reference: 20160034
    Release date: 18 March 2016

    Promoter – Financial Intermediary

    PRIVATE ENTITY(IES)

    Location

    Description

    Equity participation in Adenia Capital IV, a new closed-end private equity fund targeting small and medium-sized enterprises (SMEs) active primarily in West Africa (Ghana and Ivory Coast) and the Indian Ocean area (Mauritius, Madagascar)

    Objectives

    The fund will promote the expansion and strengthening of private small and medium-sized businesses. The fund's focus is on acquiring controlling stakes in enterprises with business activities in the following sectors: financial services, agro-industry/consumer goods, infrastructure and utilities, business services and telecoms. The manager will seek to create value through a hands-on approach, driving the growth and profitability of investee companies and enhancing enterprise skills and governance as well as environmental and social standards.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 20 million

    Total cost (Approximate amount)

    EUR 200 million

    Environmental aspects

    The fund's operational guidelines provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.

    Procurement

    Not applicable.

    Status

    Signed - 11/11/2016

    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 - Africa Services