PROJECT

Projects

Summary of Investment Information

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 - Limited

Status

Active

Last Updated Date

Dec 22, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Dec 2, 2024
Signed : Dec 6, 2024
Invested : Dec 20, 2024

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.                 

                                                 

Associated Advisory Engagement

  There are no advisory services associated with this engagement.    

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation