Van Campen Liem has provided legal, tax and regulatory assistance to Lorax Capital Partners (LCP) in the setting-up and first closing of LCP II Fund.
The LCP II Fund has secured commitments of approximately USD 142 million at first closing from a number of DFIs, including the European Bank for Reconstruction and Development (EBRD), the Egyptian American Enterprise Fund (EAEF), French Development Agency’s Proparco (Proparco), the International Finance Corporation (IFC) and the European Investment Bank (EIB).
LCP is targeting a USD 250 million final closing, making LCP II Fund one of the largest PE funds focused on Egypt. The LCP II Fund will be mainly focused on long-term investments in Egyptian SMEs with the aim to support growing companies in promising sectors of the Egyptian economy and eager to expand regionally.
For more information about the LCP II fund you could also check the following links:
- IFC commits USD 25 mn in Lorax Capital’s new SMEs private equity fund | Enterprise
- EBRD invests $50 million in Egyptian private fund LCP II of Lorax Capital Partners (econostrum.info)
- EAEF contributes to LCP Fund II first close | Africa Global Funds
The Van Campen Liem team included: Marcello Distaso, Svetlana Baraban, Marieke Spee, Maurits Tausk, Saman Sadeghi, Ilona van den Bergh, Robin de Meester, Andrew de Vries, Piet Boonstra and Ruby Pickup-Vinkesteijn.