Au terme de cette operation, la part en droits de vote de Hatem Denguezli, Hichem Ayed et le fonds "MPEF
4" dans le capital de la societe Holding sera respectivement de 48,73%, de 2,84% et de 48,43%.
III, which has a target size of EoAeu200 million, will focus primarily on providing equity, quasi-equity and equity-linked debt financing to SMEs.
Fulfilling its counter-cyclical role in a difficult global fund raising environment, the AfDB provided Euro 20 million to MPEF III, the largest equity share of the first closing.
Other investors in the MPEF III include prestigious DFIs and institutional investors such as FMO (the Dutch Bank for Development), the International Finance Corporation, a member of the World Bank Group, CDC Entreprises Elan PME (leading institutional investor in private equity funds in France and affiliate of the Caisse des DepE[sup.3]ts et Consignations of France), DEG (the German Development Agency), Proparco (Affiliate of the French Development Agency), SIFEM (the Swiss Investment Fund for Emerging Markets), BIO (the Belgian Development Investment Company) and Averroes Finance II.
MPEF III is a 10-year fund managed by the TunInvest-AfricInvest Group, with a target size of Euro 150 million.
"We thank our investors for their trust and support, particularly at this critical juncture for the Region which brings a number of tough challenges but also seeds of hope for a better and brighter future, and we firmly believe that MPEF III will make a significant contribution towards addressing the most pressing needs of the region: growth, job creation and governance"said Ziad Oueslati, co-founder of TunInvest - AfricInvest Group.
Apres ce franchissement de seuil, AfricInvest Fund III LLC detient directement 4708839 actions et droits de vote representant 8,8% du capital de OTH et de concert avec MPEF
III 4396925 actions et droits de vote representant 8,2% du capital de ladite societe.
The Board of Directors of the African Development Bank (AfDB) has approved a 20-million equity investment in the Maghreb Private Equity Fund III (MPEF III).
MPEF III is a 10-year fund, with a target size of 130 million.
MPEF III will focus on businesses in high-growth industries seeking capital, contacts, and know-how to facilitate expansion into the Maghreb regional markets as well as overseas.
Following an investment in MPEF II approved by the AfDB in January 2008, MPEF III is the Bank's second private equity investment dedicated to the Maghreb region.