Release date: 12 June 2017
Promoter – Financial Intermediary
SPE CAPITAL PARTNERS LTDLocation
Description
The proposed operation consists of an equity participation in Africa Industrialization Fund (AIF) - North Africa, a generalist private equity fund targeting growth capital investments in small and medium-sized private companies located in Southern Neighborhood countries.
Objectives
The fund will target growth capital investments in Southern Neighborhood small and medium-sized companies (SMEs) that are seeking to grow their business at above average growth rates. The EIB would support the regionalisation strategy of an experienced private equity team. The fund has a target size of USD 150m.
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
USD 15 million (EUR 13 million)
Total cost (Approximate amount)
USD 150 million (EUR 133 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 - 18/12/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).