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 versions of this PSD: Arabic | French

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

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

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Public Information Policy (PIP)

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Text of the PIP

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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