I&P Afrique Entrepreneurs II

Equity : February 2019

I&P Afrique Entrepreneurs II is a 10 year closed-end investment fund with a € 100 M target size.

Amount

€ 5,000,000.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Promotion of ESG best practices
  • Gender

Beneficiary locations

Sub-Saharan Africa:

Investment field

Investment Companies & Funds

Activity

SME Fund

Organisation

I&P Afrique Entrepreneurs II

IPAE2 aims at financing around 35 small SMEs in Africa through investments of € 0,5 to 3m which is generally considered as the «missing middle». Its mission is to promote the emergence of a new generation of responsible African entrepreneurs by investing minority equity and quasi-equity stakes in mainly mature but also early-stage SMEs, operating in Western and Central Africa, in the Indian Ocean region and to a lesser extent in Eastern Africa.

A first closing of the fund was held at € 50m in December 2017. IPAE2 follows the same philosophy as its predecessor fund IPAE, which closed in 2012 at € 53,9m, and during its investment period which ended in May 2017, committed € 30m to 29 companies.

IPAE2 and IPAE are managed by Investisseurs & Partenaires (“I&P”), a French fund manager.

Development impacts

  • Local economic growth

    Long term equity financing will be provided by the fund to around 35 African SMEs, in markets where SMEs usually face major issues to finance their growth, as local banks scarcely provide local debt to SMEs and capital markets typically focus on the larger companies.

  • Promotion of ESG best practices

    Impact and ESG matters are core to I&P’s strategy, thereby aiming at maximizing the environmental, social and governance impacts of their portfolio companies, by following a specific methodology for African SMEs they have developed in-house.

  • Gender

    IPAE2 specifically targets to invest in 1/3 of companies that are owned or managed by women.

Made possible through this investment

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

AMI

Launched in 2014, The African Management Initiative (AMI) provides formalized training to empower managers and entrepreneurs. AMI has developed over 45 practical business modules – including over 2,000 tools – with Africa’s leading business schools and global experts on adult learning. Through its programmes, AMI aims to reach 20,000 people in 11 African countries.

Afribon

AFRIBON, launched in 2012, is specialized in the creation and marketing of food flavours. The group has five production sites in total: four in East Africa (Kenya, Uganda, Rwanda, Tanzania) and one in Cameroon. AFRIBON is currently the only company to produce locally and offer a tailor-made service to its customers, including notably manufacturers of beverages, biscuits and dairy products.

Procréa

Côte d'Ivoire

Procréa is an Ivorian clinic founded in 2008 and specialized in the field of reproductive health.

CoinAfrique

CoinAfrique is a 100% mobile community platform designed to buy and sell products simply. Created in 2015, CoinAfrique aims to become the leader in online ads between individuals in French-speaking Africa. To date, CoinAfrique has over 500,000 downloads and more than 100,000 active users.