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    Reference: 20190666
    Release date: 13 November 2019

    Promoter – Financial Intermediary

    ACCEPTABLE CORPORATE(S)

    Location

    Description

    Foursan Capital Partners Fund II is a generalist sector fund, focussing on investments primarily on small and medium-sized enterprises (SMEs) located in the Levant region and North Africa.

    Objectives

    The fund will build on the strategy followed by its predecessor funds, Jordan Fund and Foursan Capital Partners I, in making equity investments in enterprises operating in the Levant region and North Africa, with a focus on Jordan. The fund will seek to acquire significant minority and/or majority stakes in companies that have a strong market position and potential for growth. The operation will support the development of the private sector by increasing access to finance, reducing unemployment and attracting private and institutional investors to the region.

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    USD 20 million (EUR 19 million)

    Total cost (Approximate amount)

    USD 200 million (EUR 181 million)

    Environmental aspects

    The fund manager has developed and implements an Environmental, Social and Governance Policy, which complies with national regulation as well as the IFC Performance Standards.

    Procurement

    Not applicable

    Status

    Signed - 20/12/2019

    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