The EBRD could become an LP in SPE’s new fund: The European Bank for Reconstruction and Development (EBRD) is considering making a USD 40 mn equity investment in a new USD 350 mn North Africa-focused fund set up by SPE Capital, the bank said on its website. The private equity firm’s SPE PEF III fund will invest in midcap companies in Egypt, Morocco, and Tunisia, according to the disclosure. The lender is expected to approve the investment on 28 November.

EBRD + SPE know each other well: The two partnered with Amethis last year to acquirea90% stake in Egyptian non-banking financial services firm GlobalCorp. SPE also owns a stake in Future Pharma. Both investments were made via its SPE AIF I fund, which the EBRD invested USD 10 mn into.

ALSO- Banque Misr is in line for up to USD 50 mn in funding from the EBRD: Up to USD40 mn for on-lending to MSMEs and USD 10 mn to support women-led small firms. The former is set for board approval on 13 December and the latter on 28 November.

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