MEDITERRANIA CAPITAL III PARALLEL F
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Mediterrania Capital III is a EUR 250m targeted fund being raised by Mediterrania Capital Partners. The Fund will focus primarily on North Africa, including Egypt, with some allocation to Francophone Africa (max 35% in new countries), targeting growth capital investments in SMEs/Midcaps.
What is our funding objective?
To be an anchor investor in a Private Equity Fund providing scare growth equity capital to companies in the circle around Europe.
Why do we fund this investment?
Through financing and institutionalizing SME/mid-sized companies in the target markets, The Fund will help them grow, thus creating employment and tax revenues for governments. By increasing our existing stake by EUR 5.00 MLN, we can further achieve this goal, and also thereby catalyze additional funding from other existing LPs.
What is the Environmental and Social categorization rationale?
The Manager has established a functioning E&S management system and there are no material gaps with FMO’s requirements. There are proper ESG policies and procedures in place that meet FMO’s requirements. (e.g. clear E&S due diligence process, external ESG audits against IFC Performance Standards on portfolio companies, clear roles and responsibilities in the team, KPI’s on ESG and even a policy on ESG related to their exits).
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 11/27/2017
- Total FMO financing
- EUR 20.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B