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Data sheet
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Summary sheet
Release date
29 August 2016
Status
Reference
Signed | 14/02/2017
20150634
Project name
Promoter - financial intermediary
EGYPT MID-CAP FUND
PRIVATE ENTITY(IES)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 15 million (EUR 14 million)
USD 120 million (EUR 113 million)
Description
Objectives
The proposed operation consists of an equity participation in Egypt Mid-Cap Fund, a generalist private equity fund targeting growth capital investments in small and medium-sized private companies located in Egypt.
The Fund will target growth capital investments in Egyptian small and medium-sized companies ("SMEs") that are seeking to grow their business at above average growth rates. The EIB would support an experienced first-time team and help restore the development of the private equity industry in Egypt. The Fund has a target size of USD 100m with a hard cap of USD 120m.
Environmental aspects
Procurement
The fund will operate in line with the EIB's environmental and social standards.
Procurement will be in line with EIB guidelines for private sector projects.
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Summary sheet
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Data sheet
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