Project detail - EZDEHAR MID-CAP FUND II COÖPERATIEF

EZDEHAR MID-CAP FUND II COÖPERATIEF

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Who is our client

Ezdehar Mid-Cap Fund II Coöperatief U.A (“Ezdehar II” or “the Fund”) aims to provide capital to SMEs/Mid-cap companies operating in Egypt. The Fund will be managed by Ezdehar B.V. (“the Fund Manager”) with a targeted fund size of USD 150m in commitments. This represents a continuing relationship for FMO, having committed to the predecessor fund, Ezdehar Egypt Mid-Cap Fund Coöperatief U.A., in 2016.

Funding objective

The Fund Manager intends to promote development by enhancing sustainable growth of private sector businesses in Egypt. The investment strategy of Ezdehar II will be in line with the successfully implemented strategy of its predecessor, targeting mainly family-owned companies looking to grow and institutionalise with the support of a hands-on partner.

Why we fund this project

An investment in Ezdehar II aligns strongly with FMO’s strategy to deepen relationships with existing partners and contribute to improving access to finance to SMEs/Mid-cap companies in Egypt.

Environmental and social rationale

The E&S categorization of Ezdehar II is B, based on the pipeline, the Fund Manager’s investment strategy and demonstrated commitment to E&S. FMO and other DFI investors have the opportunity to continue supporting the Fund Manager on further refining its ESMS as well as the management of E&S risks in the investment portfolio, in line with the IFC Performance Standards.

Region
Africa
Country
Egypt
Sector
Infrastructure, Manufacturing and Services
Signing date
12/20/2021
Total FMO financing
USD 20.00 MLN
Fund
FMO
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