Algeria
Egypt
Israel
Jordan
Lebanon
Libya
Morocco
Palestine *
Syria *
TunisiaEBRD commits up to US$ 80 million to RMBV North Africa Fund III
The European Bank for Reconstruction and Development (EBRD) is supporting mid-cap companies in Egypt, Morocco and Tunisia through a cornerstone commitment of up to US$ 80 million to North Africa Fund III (NAF III), the first fund to be raised by RMBV as an independent fund manager.
NAF III will seek to generate long-term capital gains from equity and equity-related investments in mid-cap companies in the three countries.
Following a first closing, NAF III will seek to invest up to US$ 300 million in North African businesses help them reach their full operational potential and generate financial returns for investors. While the Fund will be sector agnostic, RMBV will primarily target companies operating in four core sectors where the team has a track record of successfully deploying capital, namely, healthcare, education, financial services and consumer staples. Within these sectors, the RMBV team will have a bias towards investing in companies offering goods and/or services that will capitalise on the promising consumer dynamics of North Africa.
In addition to financial support, RMBV will receive a technical co-operation package to assist with the creation and implementation of a gender action plan.
Countries covered:
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Egypt
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Morocco
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Tunisia
