EQUITY INVESTMENT IN ECP FUND IV, A PAN AFRICAN PRIVATE EQUITY FUND INVESTING CROSS-SECTOR


Overview

  • Reference: P-Z1-KZ0-033
  • Approval date: 13/12/1901
  • Start date: 01/01/2002
  • Appraisal Date: 13/12/1901
  • Status: OngoingOnGo
  • Implementing Agency: --
  • Location:

Description

Equity investment in ECP Fund IV ("ECP" or "Fund IV"), a pan African private equity fund which will invest cross-sector in growth companies. Fund IV will seek to achieve significant capital appreciation through investments in high-growth companies primarily by pursuing a strategy with three core elements:

(i) Identify exceptional Domestic-Facing Opportunities with a focus on companies that service basic consumer needs and/or vital business requirements;

(ii) Create scale in businesses with strategic value through acquisition targets (EBITDA positive), operate in economic hub economies and the potential to become regional businesses with multi-country operations; and

(iii) Secure the ability to drive change with an outright control or joint control positions with a like-minded financial investor. AfDB has been a key investor in the previous funds (Fund I in 1999, Fund II in 2006 and Fund III in 2008


Key contacts

NIANG Malick - PITD1


Costs

Finance source Amount
ADBUSD 17,915,111
Co-financierUSD 519,538,220
DeltaUSD 3,331
TotalUSD 537,450,000