Meridiam Infrastructure Africa Fund: Equity investment to finance infrastructure in Africa

Senegal Multi-country Africa
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In Africa, infrastructure development is essential, especially in the energy, transport, housing and health sectors. The Meridiam Infrastructure Africa Fund is financing infrastructure construction and management.
Client presentation

Meridiam is an independent investment company specialized in the development, financing and management of long-term public infrastructure projects. Meridiam is a world leader in public infrastructure investments, with a portfolio under management of EUR 3.5bn and an investment in 44 projects to date. Meridiam obtained the ISO 9001 certification for its responsible investment process in January 2012. Meridiam is a founding member of the Long-Term Infrastructure Investors Association (LTIIA).      

Project description

Meridiam Infrastructure Africa Fund will target financing for essential infrastructure, with the priority being energy (supply, generation, transmission and distribution), transport (roads, rail, ports and airports), water and sanitation (irrigation, water treatment and distribution, desalinization) and health. Its specificity will be its financing for greenfield projects or projects at an early stage of development – which traditional investors take little interest in – and its offer of long investment maturities of around 15 years – which are not readily available locally. The fund has a target size of EUR 300m and its investments will include majority interests. An additional EUR 10m subscription was allocated in 2019 following the reopening of the fund. This project meets the significant need for investment in high-quality infrastructure in Sub-Saharan Africa. 

Project impact

This operation will support the development of essential infrastructure in the fields of energy, transport, housing and health in Africa. It will also contribute to creating jobs and additional tax revenues through the construction and operation of this new infrastructure.

30/09/2015
Date of signature of the project
Sectors
Senegal Multi-country Africa
Location
Financing tool
20 000 000 Euros
Amount of funding
Equity investment of EUR 20m
Financing details
MERIDIAM INFRASTRUCTURE AFRICA FUND
Client
CES