Original disclosure @ EIB website
Updated in EWS Jan 11, 2019
Disclosed by Bank Nov 9, 2018
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The proposed operation consists of an equity participation of up to USD 25m in the Ascent Rift Valley Fund II, a generalist, closed-ended private equity fund targeting mainly growth capital investments in small and medium-sized enterprises located primarily in East Africa.
The fund will build on the strategy followed for the predecessor fund, Ascent Rift Valley Fund I, by providing mainly growth capital to small and medium-sized enterprises. It will seek to acquire majority and / or significant minority stakes in enterprises that have a strong market position and potential for growth. Due to their relatively small size, these companies are unable to finance their growth through bank funding, or through the local capital markets.
No contact information provided at the time of disclosure
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