Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20190728
    Release date: 13 October 2020

    Promoter – Financial Intermediary

    SPECIAL PURPOSE ENTITY(IES)/FUND

    Location

    Description

    Equity participation in AfricInvest Fund IV (the "Fund"), a pan-African, generalist, closed-ended private equity fund targeting mainly growth capital investments in small and medium-sized companies. The Fund will be managed by AfricInvest (the "Manager").

    Objectives

    The investment strategy builds on the one that has been adopted in three predecessor funds. The Fund aims to build a diversified pan-African portfolio of private equity investments in growing and profitable companies with emphasis on those that are leaders in local markets across Africa. The Fund will adopt a hands-on approach by seeking to acquire influential positions through minority stakes with strong protections and selective majority transactions. It will seek to add value by enhancing governance mechanisms and helping portfolio companies to expand in new markets.

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    USD 50 million (EUR 41 million)

    Total cost (Approximate amount)

    USD 400 million (EUR 328 million)

    Environmental aspects

    The Fund will operate in line with the EIB's environmental and social standards.

    Procurement

    N/A

    Status

    Signed - 15/10/2021

    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