📋 Tender Overview
Project Number: 48291
Company Name: TANMIYA CAPITAL VENTURES
Date SPI Disclosed: Aug 21, 2024
Country: Egypt, Arab Republic of
Region: Africa
Environmental Category: FI-2
Status: Pending Approval
Department: Disruptive Tech, Service & Funds
Industry: Funds
Sector: Growth Equity Fund
Project Description
IFC is considering an equity investment of up to US$20m into Tanmiya Capital Ventures Fund II Coöperatief U.A (TCV II, or the Fund), a fund targeting US$150m (hard cap of US$150m). TCV II is an Egypt-focused Growth capital PE fund planning to invest in growing mid cap companies across diversified sectors which include food & beverage, logistics, pharmaceuticals, healthcare, and higher education. The Fund aims to foster the institutionalization of family businesses in Egypt and focuses on the wider additionality of availing growth capital funding for successful Egyptian midcap companies.
Total Project Cost and amount and nature of IFC's Investment: TCV II is seeking to raise US$150m. IFC has proposed an equity investment of up to US$20m from its Own Account.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington, DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
