APIS GROWTH FUND II

Promoteur – Intermédiaire Financier

APIS PARTNERS LLP

Lieu

• Régional - Afrique

Description

The proposed operation concerns an equity participation of up to USD 35 million (circa EUR 29.5 million) in the APIS Growth Fund II, a private equity fund planning to make equity and quasi-equity investments in private sector enterprises active in the financial sector and related market infrastructure (payment gateways, switches, payment platforms, etc.) in Africa and Asia.

Objectifs

Through a participation in the Fund, the EIB will support the development of an emerging manager in the field of innovative provision of financial services. The fund will provide equity financing to high growth companies active at all levels of the financial services sector, including payments, credit and savings, insurance, technology enablers and service providers and capital markets, ultimately fostering financial inclusion in Africa.

Secteur(s)

• Services - Activités financières et d'assurance

Montant BEI envisagé (montant approximatif)

USD 35 million (EUR 30 million)

Coût total (montant approximatif)

USD 400 million (EUR 342 million)

Aspects environnementaux

The Bank will ensure that the project meets the social and environmental standards of the EIB. Furthermore, the manager has developed a fully integrated Environmental, Social, Governance and Impact (ESGI) management system to assess, manage and monitor ESGI issues at all stages of the investment process.

Passation des marchés

N/A

Statut

Signé - 21/12/2018