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    Reference: 20160950
    Release date: 28 March 2017

    Promoter – Financial Intermediary

    PRIVATE ENTITY(IES)

    Location

    Description

    The proposed operation consists of an equity participation of up to EUR 30m in Amethis Fund II, a EUR 300m target growth capital fund with a generalist approach in terms of sectors, targeting small and medium-sized enterprises (SMEs) active in Sub-Saharan Africa.

    Objectives

    The proposed operation concerns a participation in Amethis Fund II, a closed-end growth equity fund with a target size of EUR 300m. The fund will be set up to make privately negotiated equity and equity-related investments in SMEs and mid-caps with a focus on Sub-Saharan Africa. With a generalist approach in terms of sectors, the fund will support local companies in need of growth financing, with the aim of building regional champions. Its main objective is to acquire significant minority stakes in businesses with strong 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 and governance as well as environmental and social standards.

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    EUR 25 million

    Total cost (Approximate amount)

    EUR 300 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 - 11/12/2018

    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