MAGHREB PRIVATE EQUITY FUND IV (EIB-20170334)

Countries
  • Algeria
  • Egypt
  • Morocco
  • Tunisia
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.
Borrower
TUNINVEST FINANCE GROUP SA
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)
$ 16.10 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 15 million
Converted using 2017-04-21 exchange rate.
Project Cost (USD)
$ 214.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 200 million
Converted using 2017-04-21 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS May 3, 2017

Disclosed by Bank Apr 19, 2017


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Project Description
Equity participation in a generalist closed-end private equity fund targeting mainly growth capital investments in small and medium-sized private companies across Tunisia, Morocco, Algeria and Egypt. The main project objectives include supporting the development of the private sector, primarily in North Africa, by increasing access to risk capital for local small and medium-sized companies, and contributing to the European Commission's economic and social development priority under the European Neighbourhood Policy (ENP) Action Plan, by supporting the reduction of unemployment and poverty.
Investment Description
  • European Investment Bank (EIB)
Contact Information
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