Ezdehar - Egypt Mid-Cap Fund

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 47796

Status Signed

Location

Egypt

Business Sector

Equity Funds

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 47796

Status Signed

Location

Egypt

Business Sector

Equity Funds

Notice Type

Private

Environmental Category

Approval Date

20 Jul 2016

Disclosure date

09 Oct 2015

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Translated version of this PSD: Arabic

Project Description

An equity commitment of USD 20 million to Ezdehar Egypt Mid-Cap Fund (the "Fund").

The Fund is targeting USD 100 million of capital commitments and will make equity and equityrelated investments into Small and Medium sized Enterprises ("SMEs") in Egypt.

Project Objectives

The Bank's participation will help mobilise additional private sector investment in the Fund.

Transition Impact

The transition impact of the proposed project will come from the following areas:

1. Providing long-term equity finance to undeserved SMEs in Egypt by supporting the development of the private equity asset class which targets these companies;

2. Helping the transfer of skills and standards from the Fund's investment team to the management of portfolio companies on topics including improved corporate governance, financial reporting, environmental and human resource standards.

Client Information

EZDEHAR MANAGEMENT LLC

EBRD Finance Summary

USD 20,000,000.00

Total Project Cost

USD 100,000,000.00

Environmental and Social Summary

Categorised as a Financial Institution. The Fund will be required to comply with EBRD's Performance Requirements 2, 4 and 9, adopt and implement the EBRD Environmental and Social Risk Management Procedures for Active Equity Investments and submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Emad Barsoum
info@ezdehar.com

+20 2 3536 2915

http://www.ezdehar.com/

Building C7, Pyramids Heights Business Park, KM22 - Alex Desert Rd, Giza, 12556 Cairo, Egypt

Transition impact

ETI Score:80

PSD last updated

18 Oct 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

Our story

How we invest in changing lives

What we offer for businesses

Search