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Data sheet
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Summary sheet
Release date
10 May 2007
Status
Reference
Signed | 26/11/2007
20070099
Project name
Promoter - financial intermediary
Capmezzanine Morocco
Accès Capital Atlantique S.A., a subsidiary of Morocco's Caisse de Dépôt et de Gestion.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
The amount of the Bank’s investment will not exceed the equivalent in Moroccan dirhams (MAD) of EUR 6m or, if this amount is lower, 25% of the fund's capital.
The fund will have minimum capital of MAD 250m at the first closing (around EUR 22.5m). The promoters are aiming for capital of MAD 500m (EUR 45m) at the second closing.
Description
Objectives
The operation consists of the Bank's acquisition of an equity participation in a fledgling investment fund, financed from the European Union's budgetary resources (risk capital managed by the Bank under the MEDA II Regulation).
The purpose of the fund will be to make equity and quasi-equity investments (mezzanine finance) in small and medium-sized enterprises domiciled and operating in Morocco. The fund will invest in enterprises operating in all business sectors except real estate, agriculture, raw materials, defence and other sectors traditionally excluded by the EIB.
Environmental aspects
Procurement
Not applicable.
Not applicable.
Comments
Financial intermediation and investment funds.
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Summary sheet
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Data sheet
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