Maghreb Private Equity Fund II
The Maghreb Private Equity Fund II (MPEF II) will target Algeria, Morocco and Tunisia and will take equity stake in mid-sized companies that can become regional leaders.
Amount
€ 6,000,000.00
Type of investment
Equity
Development impacts
- Local economic growth
- Private sector consolidation/innovation
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
SME Fund
The fund manager, Tuninvest Finance Group, intends to advise and accompany the companies in their regional development thanks to its wide experience and network in North Africa and Europe, and its track record of helping companies define and achieve their growth strategy.
Tuninvest sees interesting investment opportunities in (i) under-capitalized or under-managed enterprises well established in their local market and with clear expansion potential, (ii) enterprises seeking help with succession planning, (iii) foreign companies seeking to enter the region but lacking knowledge of the local market.
Development impacts
-
Local economic growth
This fund helps the development of an integrated regional business community in North Africa and fosters the economic integration of long-term political foes such as Algeria and Morocco.
-
Private sector consolidation/innovation
MPEF II aims to bring best business private practices in Algeria, a country still dominated by the public sector and with a scattered and often archaic private sector. Tuninvest is, in our view, one of the rare fund managers able to meet this challenge thanks to its unique regional experience (already active and well-reputed in Morocco, Algeria and Tunisia) and its excellent track record in bringing value-added to its investees.
Made possible through this investment
CAP
Tunisia
The Compagnie Africaine de Peinture (CAP), specialized in the manufacturing and distribution of paint coatings in Tunisia, was created in 1978 and is owned by the Cherif Group. CAP is the market leader in Tunisia car refinish coatings.
General Emballage
Algeria
General Emballage is the market leader in corrugated cardboard packaging in Algeria with a market share of around 40%.
Snax
Algeria
Snax, a producer of salty snacks, is the unchallenged leader in the Algerian market with over 50% market share.
Inpha-Medis
Algeria
Inpha-Médis is an Algerian pharmaceutical company specialized in the manufacturing and marketing of generic drugs. Inpha-Médis produces syrups, antibiotic and non-antibiotic tablets and packages sterile forms.
S2M
Morocco
S2M is one of the leading players in developing and implementing payment solutions. The company offers the following services: software development, smart card solutions, implementation of software packages and personalization of payment means.
Icosnet
Algeria
Icosnet is an Internet Service Provider in Algeria.
Sicopa
Morocco
SICOPA is the abbreviation for Société Industrielle de Conserves d'Olives et de Produits Agricoles (SICOPA). Originally a family business, the company was founded in 1974 in Fez, Morocco. Today, it manages two production units for Moroccan fruit and vegetables, mainly olives and capers, and ensures their sorting, processing and packaging.
Manorbois
Morocco
Manorbois was established in Morocco in 1954. It is specialized in the import and the distribution of sawing wood and panel, and insulation materials. The company holds around 20% market share in Morocco.
THCC
Tunisia
THCC is a company created in late 2006 specialized in operating health centers. The first unit under construction is a treatment center with surgical facilities providing various medical care services around three key activities: (i) oncology, (ii) cardiology and (iii) general surgery and orthopedics.
Omniacom
Tunisia
Omniacom is a Tunisian company created in 1999. The company is specialized in the integration of Telecom solutions. Its flagship product is a wireless telephony solution offered to fixed operators.
Altea Packaging
Flexible packaging
GAT
Tunisia
Groupe des Assurances de Tunisie (GAT) is an insurance and reinsurance company based in Tunisia.
Cotugrain
Tunisia
The primary activity of the Cotugrain group is the distribution of seeds (cereal, fodder and grain) with internationally renowned brand names.
Polymères S.A.
Tunisia
Polymères is an industrial company specialized in the compounding of resin polymer into extruded plastic compounds (pellets).
View more of our investments in this region
Investment Companies & Funds
European Financing Partners S.A.
20,000,000.00
Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia
21/12/2022
Debt
Investment Companies & Funds
Fefisol II
350,000.00
Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Kenya, Mali, Niger, Uganda
29/11/2022
Subsidy
Investment Companies & Funds
Fefisol II
3,000,000.00
Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Kenya, Mali, Niger, Uganda
17/05/2022
Equity
Investment Companies & Funds
AfricInvest Financial Inclusion Vehicle
10,000,000.00
20/04/2022
Equity
