Maghreb Private Equity Fund IV

Location:

Regional

Project number:

49077

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

29 Nov 2017

Status:

Signed

PSD disclosed:

27 Sep 2017

Translated versions of this PSD: French | Arabic

Project Description

An equity commitment of EUR 25 million to Maghreb Private Equity Fund IV LLC (the "Fund").

Project Objectives

The Fund will seek to realise long-term capital gains through investing in a diversified portfolio of small and mid-cap companies in Tunisia, Morocco and Egypt.

Transition Impact

The project will contribute to the development of the private equity industry in North Africa and help to enhance the competitiveness of local small and mid-cap investee companies.

Client Information

MAGHREB PRIVATE EQUITY FUND IV LLC

The Fund will be managed by AfricInvest, a Tunisia based pan-African private equity investment group, and a relationship of EBRD since 2012 as the manager of Maghreb Private Equity Fund III.

EBRD Finance Summary

The EBRD is considering an equity commitment upto EUR 25 million.

Total Project Cost

The Fund is targeting total commitments of at least EUR 200 million and a maximum potential size of EUR 275 million.

Environmental and Social Summary

Categorised FI (2014 ESP). MPEV IV will be required to continue to comply with EBRD's Performance Requirements 2, 4 and 9 and implement the Bank's E&S Risk Management Procedures for Active Equity Investments. The Fund has an Environmental and Social Management System (ESMS) that is in line with EBRD E&S requirements and the target sectors for the Fund are deemed to be inherently low-medium E&S risk. The Fund will be required to continue to comply with EBRD's PRs and submit Annual Environmental and Social Reports to the Bank on implementation of the ESMS and compliance with the Bank's E&S requirements.

Technical Cooperation

None.

Company Contact Information

Ann Wyman, Client Relations
+216 71 189 800
www.africinvest.com
Immeuble Integra, Centre Urbain Nord, 1082 Tunis, Tunisia

Business opportunities

For business opportunities or procurement, contact the client company.

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