| Project Detail |
The operation consists of an equity participation in Amethis Mena Fund II, a closed-end private equity fund targeting investments in small and medium-sized enterprises (SMEs) and Midcaps active in the Middle East and North Africa (MENA). The fund will be set up to make privately negotiated equity and equity-related investments without focusing on a specific industry/sector. Objectives The fund targets EUR 150m of total commitments into local companies in need of growth financing, with the aim of building national and regional champions. Its main objective is to acquire significant minority stakes in businesses with strong growth potential. The fund manager will seek to create value through a hands-on management approach, driving the growth and profitability of investee companies and enhancing enterprise skills and governance as well as environmental and social standards. Sector(s) Services - Financial and insurance activities Proposed EIB finance (Approximate amount) EUR 20 million Total cost (Approximate amount) EUR 150 million |
