METIER CAPITAL GROWTH FUND III

Promoter – Financial Intermediary

METIER CG III MAURITIUS GP

Location

• Regional - Africa

Description

The operation is an equity participation in Metier Capital Growth Fund III, a generalist closed-end fund providing equity capital to small and medium sized enterprises (SMEs) and mid-market growth companies active across Africa.

Additionality and Impact

The operations concerns an investment in Metier Capital Growth Fund III - a USD 200m fund, providing equity and quasi-equity financing to SMEs and Mid-Market companies in Sub-Saharan Africa.

The proposal is in line with the Global Gateway priorities of supporting digitalisation and renewable energy across Africa. It also fits with the goals of the African Union's Agenda 2063 in supporting an inclusive growth and sustainable development, via economic resilience and diversification.

The commitment of EIB into the Fund is expected to ensure that the Fund is able to reach its target size and to fully implement its investment strategy. The participation of EIB will ensure that the terms of the Fund are in line with best market practice.

Objectives

The fund will support companies with experienced management teams, stable market positioning and strong growth potential. The operation will contribute to the gender balance and social sustainability in Africa and 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 28 million (EUR 26 million)

Total cost (Approximate amount)

USD 200 million (EUR 186 million)

Environmental aspects

The fund will comply with the EIB's Environmental and Social policies.

Procurement

The fund will comply with the EIB's procurement policies.

Status

Signed - 21/06/2024