SPE AIF I

Location:

Regional

Project number:

49079

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

22 May 2019

Status:

Signed

PSD disclosed:

04 Mar 2019

Translated versions of this PSD: Arabic | French

Project Description

An investment in SPE AIF I (the "Fund"), a private equity fund targeting primarily small and lower mid-cap companies in Egypt, Jordan, Morocco and Tunisia.

Project Objectives

The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments in companies with typical enterprise values between USD 30 to 80 million.

Transition Impact

The project will contribute to increasing the availability of private equity capital in SEMED which will strengthen the resilience of the financial sector and help promote private and entrepreneurial initiatives. Additionally, the Fund is expected to increase the competitiveness of its portfolio companies.

Client Information

SPE CAPITAL GP LIMITED

The Fund will be managed by SPE Capital GP Limited.

EBRD Finance Summary

USD 20,000,000.00

An equity commitment of up to USD 20 million.

Total Project Cost

USD 200,000,000.00

The Fund is targeting total commitments of USD 200 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 EBRD Environmental and Social Procedures for
Active Equity Funds and submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Sonia Ben Salem
sbensalem@spe-capital.com
+216 700 154 40
www.spe-capital.com

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

General enquiries

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Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.

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