Angola Capital Partners

• 1st Private Equity Fund exclusively dedicated to investing in Angola.
• Established in Luxembourg as a SICAV-SIF.
• Invests equity (or other long term financing instrument) in medium-sized companies in all sectors of the Angolan economy (except oil production-upstream).
• Looks for deals where it can invest up to $8mn - Expansions, MBOs, MBIs, Privatizations and Startups - and generate high returns.
• Investors’ capital commitments will be for up to 10 years (5 years of investment period plus 5 years of divestment period).
• First Close completed in January 2010 with an initial capital of $28mn.
• The Promoters of Angola Capital Partners (Norfund and BAI) have jointly committed the total of US$15mn in the First Close.
• The other founding investors are the European Investment Bank (EIB), the Danish Industrialization Fund for Developing Countries (IFU) and Banco Privado Atlantico (BPA).
• Second closing, by year end 2010, will aim to raise up to $100mn of capital from other reputed International and Angolan institutional investors (Limited Partners). Minimum subscription is US$2mn.
• FIPA’s Investors will be given the possibility to co-invest with FIPA directly in the deals identified.

About FIPA's investors:

About BAI: Founded on 14th November 1996, BAI is today a dynamic bank using the most up-to-date technology. We give special attention to a more efficient and personalized market approach and we strive to become an essential partner in your business. As the largest Angolan bank, we are actively engaged in providing an attentive service to Individual Customers and offering innovating solutions to support SMEs (Small and Medium Enterprises) while keeping ourselves as an undeniable reference among Corporate Organizations. A team of dedicated and expert professionals ensures our presence throughout the national market as well as representation in the international market. With over 70 branches in Angola , BAI is also present in Portugal, through BAI Europa, in Cabo Verde, through BAI Cabo Verde, S. Tomé e Príncipe and Brazil through partnerships that ensure BAI businesses. www.bancobai.ao

About BPA: Banco Privado Atlântico is committed to being a model company in the Angolan financial market. We aspire to uphold the outmost respect throughout the world for the excellence of our services to our customers, for the creation of wealth to our shareholders, for our consideration towards the life and career of our employees, and for our sense of corporate social responsibility, focused on ensuring sustained economic development as means to create internal wealth. www.bpa.ao

About the EIB: The European Investment Bank was created by the Treaty of Rome in 1958 as the long-term lending bank of the European Union. The task of the Bank is to contribute towards the integration, balanced development and economic and social cohesion of the EU Member States. The EIB raises substantial volumes of funds on the capital markets which it lends on favourable terms to projects furthering EU policy objectives. The EIB continuously adapts its activity to developments in EU policies. Besides supporting projects in the Member States, its main lending priorities include financing investments in future Member States of the EU and EU Partner countries. The EIB operates on a non-profit maximising basis and lends at close to the cost of borrowing. The Bank's consistent AAA rating is underpinned by firm shareholder support, a strong capital base, exceptional asset quality, conservative risk management and a sound funding strategy. In 2008, the EIB raised nearly EUR 60 billion. www.eib.org

About IFU:  Danish International Investment Funds (IFU) was founded by law in 1967. The objective of IFU is to promote economic activity in developing countries in collaboration with Danish trade and industry.  IFU works to achieve it's objective by investing in companies in such countries in collaboration with Danish strategic partners. www.ifu.dk

About Norfund:

The Norwegian Investment Fund for Developing Countries – Norfund – was created by the Storting (parliament) in 1997. Norfund’s vision is to combat poverty through investments in profitable and sustainable businesses in developing countries. Norfund is a hybrid state-owned company established by law with limited liability, owned on behalf of the state by the Ministry of Foreign Affairs with Erik Solheim as the minister with constitutional responsibility. Its activities are conducted in accordance with the fundamental principles for Norwegian development cooperation. www.norfund.no