BAKU, Azerbaijan, December 2. The European Bank
for Reconstruction and Development (EBRD) has committed up to $80
million to North Africa Fund III (NAF III), a fund launched by
RMBV, marking its first independent fundraising effort, Trend reports.
NAF III will invest in mid-cap companies in Egypt, Morocco, and
Tunisia, aiming to drive long-term capital growth through equity
and equity-related investments.
The fund plans to raise up to $300 million to support businesses
in North Africa, particularly in healthcare, education, financial
services, and consumer staples, where RMBV has a proven track
record. The investments will target companies that align with the
region’s growing consumer dynamics.
Alongside financial support, RMBV will receive technical
assistance to develop and implement a gender action plan.
Anne Fossemalle, EBRD Director for Private Equity Funds,
emphasized the bank’s commitment to supporting private equity in
North Africa, stating that EBRD’s investment would catalyze further
capital inflows into the region.
Ahmed Badreldin, Managing Partner of RMBV, expressed gratitude
for EBRD’s trust and highlighted the partnership’s shared goal of
driving sustainable growth and supporting mid-cap companies in the
region.
RMBV will focus on companies with potential for growth and
resilience, managed by capable teams, with a strategy to deliver
strong returns and foster regional leadership.
