EZDEHAR MID-CAP FUND II COÖPERATIEF
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
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
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.
What is our 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 do we fund this investment?
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.
What is the Environmental and Social categorization 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
- Publication date
- 11/2/2021
- Effective date
- 12/20/2021
- Total FMO financing
- USD 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