Fonds Cauris Croissance II

Equity : October 2010

BIO has invested € 5 M in equity in Fonds Cauris Croissance II, a private equity fund dedicated to SMEs in West Africa.

Amount

€ 5,000,000.00

Type of investment

Equity

Development impacts

Local economic growth

Beneficiary locations

Sub-Saharan Africa: Benin, Burkina Faso, Cameroon, Côte d'Ivoire, Ghana, Guinea, Mali, Niger, Senegal

Investment field

Investment Companies & Funds

Activity

SME Fund

Organisation

Fonds Cauris Croissance II

Website

https://caurismanagement.com/en/funds-under-management/fonds-cauris-croissance-2/

Domicile

Mauritius

Fonds Cauris Croissance II was launched in 2010. It focuses on companies with a regional development strategy and covers West Africa with the exception of Nigeria. Fonds Cauris Croissance II is the third fund managed by the Cauris Management team.

Development impacts

Local economic growth
Effects at investee level: access to long-term financing for SMEs:
The Fund is targeting SMEs in West-Africa to provide them with (i) long term capital, (ii) cross-competencies and (iii) access to new markets. There have been only few private equity groups that have been active in this field.

Made possible through this investment

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

Atlantic Business International / Banque Atlantique

Benin, Burkina Faso, Côte d'Ivoire, Mali, Niger, Senegal

Banque Atlantique is a West African financial services conglomerate with subsidiaries in Benin, Burkina Faso, Côte d’Ivoire, Mali, Niger, Senegal and Togo.

Africa West Industries

Côte d'Ivoire

Africa West Industries (AWI) is a Cote d'Ivoire-based company which produces soap bars and soap pellets. Products are marketed within the West African market.

Axxend Corporation

Cameroon, Côte d'Ivoire, Ghana, Guinea, Senegal

Created in 2010, Axxend is a software company specializing in Microsoft and SAP technologies and helps companies increase their productivity and revenues through its services. Axxend operates from its base in Senegal, as well as from offices in Côte d’ Ivoire, Ghana, Guinea Conakry and Cameroon.

Azalaï Hotels

Benin, Burkina Faso, Côte d'Ivoire, Guinea, Mali

Azalai Hotels is a regional hotel group operating in Mali, Burkina Faso, Guinea-Bissau, Mauritania and Cote d’Ivoire and Benin.

Cipharm

Côte d'Ivoire

CIPHARM is the Ivorian leader in pharmaceutical production, present for more than 25 years in the production of generic drugs (dry form, powder and syrup), own brand or licensed, distributed in a dozen countries in West and Central Africa.

Vipnet

Côte d'Ivoire

Founded in 1999, VIPNET is a Cote d’Ivoire-based company which provides interconnection, data transmission, internet and VoIP telephony services mainly to SMEs.