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TunisiaEuropean Bank for Reconstruction and Development invests in Egypt-focused private equity fund
The European Bank for Reconstruction and Development (EBRD) is boosting the resilience of the financial sector in Egypt and supporting equity financing to small and medium-sized businesses by investing up to US$ 50 million in Lorax Capital Partners (LCP) Fund II.
Equity fundraising is facing extremely challenging times in the southern and eastern Mediterranean (SEMED) region due to the COVID-19 pandemic and small companies are facing a decrease in their activity and liquidity shortages. The EBRD’s commitment to LCP Fund II helps bring a SEMED fund to fruition during the crisis.
Egypt is a founding member of the EBRD. Since the start of its operations there in 2012, the EBRD has invested over €6.8 billion in 123 projects in the country.
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Egypt
