Release date: 8 October 2008
Promoter – Financial Intermediary
African Capital Partners, L.L.C., an affiliate of Tuninvest Finance Group S.A.
Location
Description
AfricInvest II LLC is a target EUR 120 million private equity fund managed by AfricInvest Capital Partners (“ACP”), an affiliate of Tuninvest Finance Group (“Tuninvest”), focusing on growth and expansion small and medium-sized enterprises (SME) in primarily Sub-Saharan West and East Africa.
Objectives
The fund intends to focus on enterprises that are well-established and have developed brands, products, distribution channels and good customer bases in their local markets. The targeted companies will ideally have a clear potential to scale up regionally, combined with operational improvement prospects. The Fund will focus on growth investments to companies with annual revenues between EUR 5 and EUR 50 million. Fund investments are expected to range from EUR 2 to EUR 10 million.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 20 million.
Total cost (Approximate amount)
EUR 120 million.
Environmental aspects
Environmental analysis according to guidelines acceptable to the Bank will be part of the Fund’s due diligence process in the appraisal of invested companies.
Status
Signed - 19/12/2008
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).