Release date: 29 November 2023
Promoter – Financial Intermediary
LEAPFROG INVESTMENTS GROUP LTDLocation
Description
The project consists in an equity participation in Leapfrog Asia and Africa Climate Transition Fund, a growth equity fund with a target size of USD 600m (approx. EUR 560m) investments, that focuses on small and medium sized enterprises (SMEs) and mid-caps supporting climate action and environmental sustainability in Asia and Africa.
Objectives
The aim is to contribute plugging the financing gap of climate growth capital towards SMEs and mid-caps especially in emerging Asia and Africa. The fund will contribute to the local private sector development supporting its green transition across different sectors (transport, energy, environment). The operation is in line with the EIB Climate Actions & Environmental Sustainability objectives outside the EU, as it supports climate action projects particularly in the clean energy space, low carbon mobility, and green build environment. Moreover, the fund will support the achievement of several sustainable development goals (SDGs), particularly SDG 7 (Affordable and Clean Energy), SDG 11 (Sustainable Cities and Communities), SDG 12 (Responsible Consumption and Production), and SDG 13 (Climate Action).
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
- Solid waste - Water supply; sewerage, waste management and remediation activities
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
- Transport - Transportation and storage
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
USD 60 million (EUR 55 million)
Total cost (Approximate amount)
USD 600 million (EUR 549 million)
Environmental aspects
The fund's operational guidelines will provide for environmental and social due diligence of investee companies according to the guidelines acceptable to the EIB.
Procurement
If applicable, the fund is expected to comply with the EIB's procurement guidelines.
Status
Under appraisal - 21/11/2023
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).