Reference:
20100649
Release date: 7 December 2010
Release date: 7 December 2010
Promoter – Financial Intermediary
Abraaj Capital/Riyada Enterprise Development
Location
Description
An equity participation in a generalist Private Equity fund in Lebanon.
Objectives
The Fund will seek to acquire equity stakes in privately-held Lebanese SMEs by providing these businesses with long-term capital in addition to the institutional support.
Sector(s)
Proposed EIB finance (Approximate amount)
USD equivalent of EUR 5 million
Total cost (Approximate amount)
Total size of the Fund is USD 50 million, with a minimum USD 30 million at first close
Environmental aspects
Not applicable.
Procurement
Not applicable.
Status
Under appraisal - 7/12/2010