EBRD to approve €20m for Amethis MENA Fund II in February 2021
The Board of Directors at the European Bank for Reconstruction and Development (EBRD) is scheduled, on 24 February 2021, to approve an equity investment of up to €20m, in favour of Amethis MENA Fund II.
The project’s total cost stands at €150m, with the EBRD’s participation in the Fund set to enable it to achieve a first closing.
The Luxembourg registered Amethis Investment Fund Manager is an Alternative Investment Fund Manager (AIFM).
The Fund will seek to achieve long-term capital growth by undertaking equity and equity-linked investments, predominantly in small- and medium-sized enterprises (SMEs) in Morocco, Tunisia, Egypt, and Jordan.
The EBRD’s proposed investment is expected to contribute to its concept of resilient transition, by increasing the availability of private equity capital. Additionally, the project is expected to support the bank’s concept of competitive transition, by increasing the competitiveness of investee companies.
Read More: https://dailynewsegypt.com/2020/11/30/ebrd-to-approve-e20m-for-amethis-mena-fund-ii-in-february-2021/