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Ezdehar - Egypt Mid-Cap Fund

Location:

Egypt

Project number:

47796

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

20 Jul 2016

Status:

Signed

PSD disclosed:

09 Oct 2015

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

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

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