CATALYST FUND II (EIB-20160648)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 20, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Catalyst Capital Partners
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 18.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 147.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Jan 2, 2018

Disclosed by Bank Nov 29, 2016


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Project Description
The operation consists of a commitment to a private equity fund targeting small and medium-sized enterprises (SMEs) and small mid-sized companies active in East Africa. OBJECTIVES The proposed operation concerns a participation in Catalyst Fund II, a closed-end private equity fund with a target size of USD 175m. The fund will be set up to make privately negotiated equity and equity-related investments in SMEs and small mid-sized companies active in East Africa, with a focus on Kenya, Tanzania, Ethiopia, Uganda, Rwanda, Zambia and the Democratic Republic of Congo. Its principal objective consists in acquiring majority and/or significant minority stakes in businesses with significant 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. Catalyst Fund II is the successor fund to Catalyst Fund I, a USD 123m vintage 2011 fund to which the EIB committed USD 12.5m and which is now fully invested.
Investment Description
  • European Investment Bank (EIB)
Contact Information
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