{"id":575119,"date":"2020-10-04T04:02:27","date_gmt":"2020-10-04T04:02:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/lorax-raises-usd-142-mn-from-international-lps-for-new-usd-250-mn-private-equity-fund-ebrd-commits-usd-10-mn-to-spe-capital-partners-fund\/"},"modified":"2020-10-04T04:02:27","modified_gmt":"2020-10-04T04:02:27","slug":"lorax-raises-usd-142-mn-from-international-lps-for-new-usd-250-mn-private-equity-fund-ebrd-commits-usd-10-mn-to-spe-capital-partners-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/lorax-raises-usd-142-mn-from-international-lps-for-new-usd-250-mn-private-equity-fund-ebrd-commits-usd-10-mn-to-spe-capital-partners-fund\/","title":{"rendered":"Lorax raises USD 142 mn from international LPs for new, USD 250 mn private equity fund; EBRD commits USD 10 mn to SPE Capital Partners fund"},"content":{"rendered":"

<\/a> PRIVATE EQUITY WATCH- Lorax Capital raises USD 142 mn from international limited <\/strong>partners (LPs) for new USD 250 mn private equity fund<\/strong>:<\/strong> Egyptian private equity outfit Lorax Capital Partners<\/a> has secured commitments of c. USD 142 mn for its SME-focused PE fund, LCP II. Limited partners in LCP II include the Egyptian-American Enterprise Fund and the European Bank for Reconstruction and Development<\/a>, each of which have committed USD 50 mn to the fund, while the European Investment Bank has kicked in<\/a> USD 22 mn. The International Finance Corporation (IFC) and the French Development Agency\u2019s Proparco have also made investments, the EAEF said in a statement (pdf)<\/a> that did not break down how much IFC and Proparco had put in.<\/p>\n

We have previously noted that Lorax is targeting a <\/strong>USD 250 mn final close<\/a><\/strong> for LCP II, which will primarily focus on long-term investments in Egyptian SMEs.<\/p>\n

Separately, the EBRD is investing USD 10 mn in an Egypt and North Africa-focused fund<\/strong> that targets SMEs and small mid-cap firms primarily in Egypt, Tunisia, Morocco, and Jordan, the bank said in a statement<\/a>. Swicorp-affiliate SPE Capital Partners manages the SPE AIF I LP fund, which focuses<\/a> on the manufacturing, healthcare, and education sectors. SPE currently holds a 30% stake<\/a> in Future Pharma Industries (FPI). This latest funding comes after the EBRD invested USD 20 mn into the fund last year and the IFC<\/a> committed USD 20 mn in April in response to the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"

PRIVATE EQUITY WATCH- Lorax Capital raises USD 142 mn from international limited partners (LPs) for new USD 250 mn private equity fund: Egyptian private equity outfit Lorax Capital Partners has secured commitments of c. USD 142 mn for its SME-focused PE fund, LCP II. Limited partners in LCP II include the Egyptian-American Enterprise Fund and […]<\/p>\n","protected":false},"author":1,"featured_media":575120,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[571,757,6009,72,760,759,6011,4053,4218,287,6010,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-ebrd","tag-egyptian-american-enterprise-fund","tag-egyptian-bank-for-reconstruction-and-development","tag-enterpriseam","tag-european-investment-bank","tag-international-finance-corporation","tag-lcp-ii","tag-lorax-capital-partners","tag-proparco","tag-smes","tag-spe-aif-i","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4ab09a5c-3eb7-4e13-8b56-95bf654e3c4b","is_powered_by":true,"section_story_id":"376368f9-a898-4dd3-af9e-b6cda3018b9f","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/10\/28.jpg","photo_position":"above","related_issue":[575111],"teaser":"","voice_url":""},"yoast_head":"\nLorax raises USD 142 mn from international LPs for new, USD 250 mn private equity fund; EBRD commits USD 10 mn to SPE Capital Partners fund - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/lorax-raises-usd-142-mn-from-international-lps-for-new-usd-250-mn-private-equity-fund-ebrd-commits-usd-10-mn-to-spe-capital-partners-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lorax raises USD 142 mn from international LPs for new, USD 250 mn private equity fund; EBRD commits USD 10 mn to SPE Capital Partners fund\" \/>\n<meta property=\"og:description\" content=\"PRIVATE EQUITY WATCH- Lorax Capital raises USD 142 mn from international limited partners (LPs) for new USD 250 mn private equity fund: Egyptian private equity outfit Lorax Capital Partners has secured commitments of c. 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The investment will help mid-cap companies in Egypt access long-term financing, which the statement says is \u201call the more important in a period\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575241,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/07\/ifc-commits-usd-25-mn-in-lorax-capitals-new-smes-private-equity-fund\/","url_meta":{"origin":575119,"position":1},"title":"IFC commits USD 25 mn in Lorax Capital's new SMEs private equity fund","author":"enterpriseam admin","date":"7 October 2020","format":false,"excerpt":"PRIVATE EQUITY WATCH- The International Finance Corporation (IFC) has committed USD 25 mn to Lorax Capital\u2019s SME-focused PE fund, LCP II, it said in a statement (pdf) overnight. The fund, managed by Egyptian private equity outfit Lorax Capital Partners, has already secured commitments of c. USD 142 mn from other\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575790,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/27\/apex-to-manage-lorax-capitals-lcp-ii-fund\/","url_meta":{"origin":575119,"position":2},"title":"Apex to manage Lorax Capital\u2019s LCP II fund","author":"enterpriseam admin","date":"27 October 2020","format":false,"excerpt":"PRIVATE EQUITY WATCH- Egyptian PE outfit Lorax Capital has appointed financial services provider Apex Group as fund administrator to its new LCP II fund, Private Equity Wire reports. Apex will provide fund administration and corporate services to the fund, including investor reporting, accounting, and compliance services. Lorax has secured USD\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593707,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/08\/lorax-capital-to-launch-usd-250-mn-sme-pe-fund\/","url_meta":{"origin":575119,"position":3},"title":"Lorax Capital to launch USD 250 mn SME PE fund","author":"enterpriseam admin","date":"8 October 2019","format":false,"excerpt":"Lorax Capital to launch USD 250 mn private equity fund: The Egyptian American Enterprise Fund\u2019s (EAEF) Lorax Capital Partners plans to launch a USD 250 mn private equity fund for long-term investment in Egyptian SMEs, the European Bank for Reconstruction and Development (EBRD) said on its website. \u201cThe [Lorax Capital\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567727,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/06\/lorax-capital-acquires-significant-minority-stake-in-dsquares-in-first-investment-by-its-new-fund\/","url_meta":{"origin":575119,"position":4},"title":"Lorax Capital acquires \u201csignificant\u201d minority stake in Dsquares in first investment by its new fund","author":"enterpriseam admin","date":"6 December 2020","format":false,"excerpt":"Lorax Capital Partners has acquired a \u201csignificant\u201d minority stake in loyalty services provider Dsquares through its LCP Fund II, the private equity outfit said in a statement (pdf), without specifying the size of the stake or the value of the investment. The acquisition includes Ezdehar Egypt Mid-Cap Fund\u2019s 22.5% stake,\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/91.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592918,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/ifc-could-invest-usd-25-mn-in-lorax-capital-sme-pe-fund\/","url_meta":{"origin":575119,"position":5},"title":"IFC could invest USD 25 mn in Lorax Capital SME PE fund","author":"enterpriseam admin","date":"12 November 2019","format":false,"excerpt":"INVESTMENT WATCH- IFC could put USD 25 mn into Lorax SME PE fund: The International Finance Corporation could provide USD 25 mn to the Egyptian American Enterprise Fund\u2019s Lorax Capital Partners, which is looking to raise USD 250 mn for its new SME-focused private equity fund, according to the local\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/575119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=575119"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/575119\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/575111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/575120"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=575119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=575119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=575119"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=575119"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=575119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}