Lorax Capital Partners Fund II

Location:

Egypt

Project number:

49877

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Status:

Concept Reviewed

PSD disclosed:

07 Oct 2019

Translated version of this PSD: Arabic

Project Description

An equity investment of up to USD 50 million in Lorax Capital Partners Fund II (the "Fund"). The Fund has a target size of USD 250 million.

Project Objectives

The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments primarily in Egyptian small and medium-sized enterprises ("SMEs") and mid-cap companies.

Transition Impact

The operation is expected to contribute to the Resilient transition quality by increasing the availability of private equity capital. The project will support the Competitive transition quality by providing long-term financing to SMEs and mid-cap companies in the Region.

Client Information

LORAX CAPITAL PARTNERS FUND II LP

The Fund will be managed by Lorax Capital Partners Fund II GP Ltd.

EBRD Finance Summary

USD 50,000,000.00

An equity commitment of up to USD 50 million.

Total Project Cost

USD 250,000,000.00

The target size of the Fund is USD 250 million.

Environmental and Social Summary

Categorised FI (ESP 2014). The Fund will be required to comply with EBRD's Performance Requirements 2, 4 and 9, adopt and implement the EBRD's Environmental and Social Risk Management Procedures for Active Equity Funds and submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Lorax Capital Partners
Info@loraxcapitalpartners.com
+202 2737 7118
http://loraxcapitalpartners.com/
1 Gabalaya Street, 7th Floor, Zamalek Cairo, Egypt 11211

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