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    Reference: 20170157
    Release date: 1 March 2017

    Promoter – Financial Intermediary

    Mediterrania Capital Partners

    Location

    Description

    The proposed operation consists of an equity participation in Mediterrania Capital III (MC III), a generalist private equity fund targeting growth capital investments in small and medium-sized private companies located primarily in Southern Neighbourhood countries.

    Objectives

    Key project objectives include supporting the development of the private sector, primarily in North Africa, by increasing access to risk capital for local small and medium-sized companies, the entry of an experienced private equity team into Egypt and contributing to the European Commission's economic and social development priority under the European Neighbourhood Policy (ENP) Action Plan, namely the reduction of unemployment and poverty.

    Comments

    The project falls under the Risk Capital Facility for the Southern Neighbourhood countries, financed by the Bank and the European Union (acting through the Neighbourhood Investment Facility).

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    EUR 15 million

    Total cost (Approximate amount)

    EUR 250 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 - 27/11/2017

    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

    Mediterranean Countries Services