Date de publication: 27 juin 2017
Promoteur – Intermédiaire Financier
SPECIAL PURPOSE ENTITY(IES)/FUNDLieu
Description
Cepheus is a local Ethiopian fund manager launching its first fund focused on Ethiopia where the private equity industry is nascent. The fund is incorporated in Mauritius and will focus on providing growth capital for Ethiopian small and medium-sized enterprises (SMEs) with a focus on strong job creation and sustainable financial returns. The significant job creation will impact the root causes of the migration crisis in this frontier country. The operation is EIB's first fund investment in Ethiopia, supporting a first-time manager with a focus on generating superior developmental returns.
Objectifs
The proposed operation concerns a participation in Cepheus Growth Capital Fund, a closed-end growth equity fund with a target size of USD 100m. The fund will be set up to make privately negotiated equity and equity-related investments in SMEs in Ethiopia. With a generalist approach in terms of sectors, the fund will support local companies in need of growth financing with strong job creation focus. Its main objective consists in acquiring significant minority stakes in businesses with a strong growth potential. The manager will seek to create value through a hands-on management approach, driving the growth and profitability of investee companies and enhancing enterprise skills, governance as well as environmental and social standards.
Secteur(s)
- Services - Activités financières et d'assurance
Montant BEI envisagé (montant approximatif)
USD 10 million (EUR 8 million)
Coût total (montant approximatif)
USD 100 million (EUR 84 million)
Aspects environnementaux
The fund's operational guidelines provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.
Passation des marchés
Not applicable
Statut
Signé - 23/11/2017
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).