Maghreb Private Equity Fund IV LLC (IFC-40172)

Regions
  • Middle East and North Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
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
Sep 29, 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
MAGHREB PRIVATE EQUITY FUND IV LLC
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)
$ 17.92 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 EUR15 million
Converted using 2017-09-17 exchange rate.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 17, 2017

Disclosed by Bank Aug 10, 2017


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Project Description
The proposed project consists of an equity investment of up to EUR15 million in Maghreb Private Equity Fund IV LLC (“MPEF IV” or the “Fund”), a closed-end private equity fund organized as a Mauritius limited liability company with a target size of EUR200 million. The Fund will have a generalist sector strategy and will invest in small and mid-market growth capital transactions primarily in Tunis, Morocco, Algeria and Egypt. (i) Access to finance: Improving access to much needed long-term equity capital for SME and mid-market companies in North Africa. (ii) Financial inclusion and sustainability: The Fund will provide access to employment opportunities for individuals and access to cross-border markets for enterprises. The Fund will play an active role in strengthening governance and transparency of the investee companies. Through its hands-on involvement, operating efficiencies of the portfolio companies will be improved, thus promoting growth, sustainability and regional integration. The proposed project consists of an equity investment of up to EUR15 million in Maghreb Private Equity Fund IV LLC (“MPEF IV” or the “Fund”), a closed-end private equity fund organized as a Mauritius limited liability company with a target size of EUR200 million. The Fund will have a generalist sector strategy and will invest in small and mid-market growth capital transactions primarily in Tunis, Morocco, Algeria and Egypt.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
AfricInvest Anny Wyman Public relations +216 71 189 800 ann.wyman@africinvest.com Immeuble Integra, Centre Urbain Nord, Tunis 1082 TUNISIA www.africinvest.com ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/