Release date: 7 August 2024
Promoter – Financial Intermediary
SPECIAL PURPOSE ENTITY(IES)/FUNDLocation
Description
The project consists in an equity participation in Helios EU-Africa Global Gateway, a Pan African private equity fund focusing on companies in sectors aligned with the Global Gateway's priorities.
Objectives
The key objectives include private sector development, the creation of jobs and supporting local enterprises, including through digitalisation initiatives, across several economic sectors in Africa. The fund will focus on sectors aligned with the Global Gateway priorities. The operation will increase access to risk capital and to support the institutionalisation of local enterprises. The fund aims to invest in a diversified portfolio of companies, supporting the value creation in the underlying investees through a hands-on management approach enhanced by the EIB's Environmental and Social standards.
Comments
N/A
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
USD 75 million (EUR 69 million)
Total cost (Approximate amount)
USD 750 million (EUR 687 million)
Environmental aspects
The fund will operate in line with the EIB's Environmental and Social standards.
Procurement
The fund is expected to comply with EIB's procurement guidelines.
Status
Under appraisal - 16/04/2024
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).