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    Reference: 20160648
    Release date: 29 November 2016

    Promoter – Financial Intermediary

    Catalyst Capital Partners

    Location

    Description

    The operation consists of a commitment to a private equity fund targeting small and medium-sized enterprises (SMEs) and small mid-sized companies active in East Africa.

    Objectives

    The proposed operation concerns a participation in Catalyst Fund II, a closed-end private equity fund with a target size of USD 175m. The fund will be set up to make privately negotiated equity and equity-related investments in SMEs and small mid-sized companies active in East Africa, with a focus on Kenya, Tanzania, Ethiopia, Uganda, Rwanda, Zambia and the Democratic Republic of Congo. Its principal objective consists in acquiring majority and/or significant minority stakes in businesses with significant growth potential. The manager will seek to create value through a hands-on management approach, driving the growth and profitability of investee companies and enhancing enterprise skills, governance as well as environmental and social standards. Catalyst Fund II is the successor fund to Catalyst Fund I, a USD 123m vintage 2011 fund to which the EIB committed USD 12.5m and which is now fully invested.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    USD 18 million (EUR 17 million)

    Total cost (Approximate amount)

    USD 175 million (EUR 165 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 - 20/03/2017

    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

    Regional - East Africa Services