Date de publication: 4 juillet 2008
Promoteur – Intermédiaire Financier
Sphinx Capital, a Luxembourg-registered company, which is owned 90% by the Sponsor Citadel Capital and 10% by Ms. Marianne Ghali, shall act as the General Partner of the fund.
Lieu
Description
An equity participation on ENPI risk capital resources of up to USD 20 million in Sphinx Turnaround Fund, a fund investing in majority and controlling stakes in Egyptian companies in distress, default or in need of restructuring.
Objectifs
The aim of the Fund is to create value by restructuring and re-launching companies, which would otherwise most likely be liquidated.
Commentaires
A closed-end private equity fund incorporated in Luxembourg, targeting private sector companies located in Egypt.
Secteur(s)
Montant BEI envisagé (montant approximatif)
Up to the lower of USD 20 million and 20% of the total commitments at any closing.
Coût total (montant approximatif)
The target size of the Fund is USD 100 million with a ceiling of USD 150 million. Committed capital at first closing is foreseen at USD 50 million.
Aspects environnementaux
In addition to complying with Egypt’s environmental laws, regulations and policies and, where appropriate, EU legislation (e.g. sensitive sectors, environmental impact assessment), the Fund has agreed to develop environmental guidelines in agreement with its leading investors, namely the IFC and the Bank.
Passation des marchés
N/A (private sector investment).
Statut
Signé - 19/12/2008
Clause de non-responsabilité
Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).