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    Reference: 20170146
    Release date: 12 June 2017

    Promoter – Financial Intermediary

    SPE CAPITAL PARTNERS LTD

    Location

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Mediterranean Countries Services