Lorax Capital Partners Fund II

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 49877

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 49877

Status Signed

Location

Egypt

Business Sector

Equity Funds

Notice Type

Private

Environmental Category

Approval Date

23 Jul 2020

Disclosure date

07 Oct 2019

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 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

Transition impact

ETI Score:73

PSD last updated

07 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.

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