Badia Impact Fund

Location:

Regional

Project number:

45487

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

10 Dec 2014

Status:

Signed

PSD disclosed:

26 Sep 2014

Project Description

The EBRD is considering an equity investment of up to USD 8 million in Badia Impact Fund C.V (the “Fund”), an early-stage venture capital fund established as a limited partnership in The Netherlands.

The Fund will make equity and equity related investments predominantly in early-stage technology companies primarily active in Jordan and the Southern and Eastern Mediterranean region.

Transition Impact

The EBRD’s proposed investment is expected to contribute to the expansion of the venture capital industry in Jordan, Egypt, Tunisia and Morocco, thereby providing the much needed long term equity financing to innovative technology oriented micro, small and medium-sized companies. Furthermore, the Bank’s investment is expected to have a positive impact on the implementation of standards for governance both at the level of the regional venture capital industry and on the Fund’s portfolio companies.

The Client

Badia Impact Capital Partners, B.V. (the “General Partner”), a limited liability company incorporated in The Netherlands is the general partner and Badia Management Company B.V., (the “Investment Manager”), a limited liability company incorporated in The Netherlands, is the manager of the Fund.

EBRD Finance

The EBRD is proposing to make an equity investment of up to USD 8 million.

Project Cost

The target size of the Fund is USD 30 million.

Environmental Impact

Categorised FI: The Fund will be required to comply with the EBRD's Performance Requirement 2 (Labour and Working Conditions) and Performance Requirement 9 (Financial Intermediaries). The Fund will be required to adopt and implement the Bank’s E&S Procedures for Active Equity Investments, adhere to the EBRD's Environmental and Social Exclusion and Referral lists, and submit Annual Environmental and Social reports to the EBRD.

Technical Cooperation

None.

Company Contact

Emile Cubeisy
Silicon Badia
123 Ameen Mar'i Street
Amman, Jordan
Tel: +962-6-593-9094
Email: emile@siliconbadia.com

 

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

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