Maghreb Private Equity Fund IV

Equity : November 2017

BIO has invested EUR 10 M in the Maghreb Private Equity Fund IV, a growth capital PE fund focused on North Africa.

Amount

€ 10,000,000.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Private sector consolidation/innovation

Beneficiary locations

Middle East & North Africa: Algeria, Egypt, Morocco, Tunisia

Investment field

Investment Companies & Funds

Activity

SME Fund

Organisation

Maghreb Private Equity Fund IV

Domicile

Mauritius

MPEF IV is a generalist, growth capital Private Equity (PE) fund with a $200 m target size. It will largely maintain the Fund III strategy of investing into expanding SMEs across North-Africa, refined with a slightly larger deal size and the addition of Egypt as core country alongside Algeria, Morocco, and Tunisia.

The strategy looks to contribute to the development of medium-sized companies through supporting their expansion in North as well as in Sub-Saharan Africa and in Europe. The objective is to develop regional champions, efficient and profitable, with sustainable operations, leading brands, professional management, and optimized structures. The Fund Manager (AfricInvest) will support the portfolio companies toward achieving their expansion goals and implementing their growth strategies through a hands-on monitoring approach and by offering a customized know-how.

Development impacts

  • Local economic growth

    by providing long-term equity financing (average holding period expected between 5 and 6 years) to medium size companies with a potential of becoming regional champions, MPEF IV will play its role of growth capital PE player, fostering the growth of investee companies with the aim to also impact the whole sector / value-chain at national and regional level through growth, job creation, exports and taxes paid to local governments.

  • Private sector consolidation/innovation

    MPEF IV is expected to have a market structuring effect through supporting the development of a strong integrated regional market. The Fund manager, with its unique pan-African network and experience is very well placed to deliver. As AfricInvest has become a major regional PE player, the Fund Manager has some influence at political/regulatory level to promote a more investor-friendly environment.

Made possible through this investment

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

Masria Digital Payments - mdp

Egypt

Card manufacturing & payment processing.
MDP is a leader in the Egyptian and African smart and

payment card solutions sector with the largest market share in its home market, Egypt, and clients over 34 other African nations. The Company is a member of the International Cards Manufacturing Association and is fully certified by Visa International and MasterCard.

CFG Bank

Morocco

CFG is an investment bank offering brokerage, asset management and corporate financial services. It started delivering retail banking services in 2015 targeting mainly retail customers.

Promamec

Morocco

Specialized in the manufacturing and distribution of medical and paramedical devices, the Company was founded in 1981 in an ongoing effort to serve public health needs. Through a broad range of products and services, the Company is able to cater for the needs of both public and private medical sectors.

Land'Or

Tunisia

Land'Or is specialized in the cheese production (processed and fresh). It has developed more than 100 types of products enabling it to adapt to an increasing demand and consolidate its market share as one of the robust players in a highly competitive market. The company is present in the Maghreb region through its subsidiary in Morocco and is planning to go beyond the Maghreb region to develop these activities in Africa.

View more of our investments in this region

Cathay Africinvest Innovation Fund

Investment Companies & Funds

Cathay Africinvest Innovation Fund

  6,000,000.00

  Egypt, Kenya, Nigeria, South Africa

  21/05/2021

  Equity

Enda Tamweel

Financial Institutions

Enda Tamweel

  365,916.96

  Tunisia

  29/12/2020

  Equity

The Currency Exchange Fund n.v.

Financial Institutions

The Currency Exchange Fund n.v.

  7,091,000.00

  Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, 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

  05/09/2007

  Equity

Argan Infrastructure Fund LLC PCC (ARIF)

Investment Companies & Funds

Argan Infrastructure Fund LLC PCC (ARIF)

  6,000,000.00

  Algeria, Egypt, Morocco, Tunisia

  29/11/2011

  Equity

Amethis Maghreb Fund I (ex. CNAV II)

Investment Companies & Funds

Amethis Maghreb Fund I (ex. CNAV II)

  5,000,000.00

  Morocco, Tunisia

  31/05/2013

  Equity

Centrale Solaire de Bir El Haffey S.A.

Infrastructure

Centrale Solaire de Bir El Haffey S.A.

  4,830,000.00

  Tunisia

  20/09/2020

  Debt

Centrale Solaire de Bir El Haffey S.A.

Infrastructure

Centrale Solaire de Bir El Haffey S.A.

  14,937.25

  Tunisia

  03/07/2019

  Subsidy

Capital North Africa Venture Fund S.A.S

Investment Companies & Funds

Capital North Africa Venture Fund S.A.S

  3,000,000.00

  Morocco

  11/01/2006

  Equity

Tunisie Leasing & Factoring

Financial Institutions

Tunisie Leasing & Factoring

  15,000,000.00

  Tunisia

  17/12/2019

  Debt

Maghreb Private Equity Fund II

Investment Companies & Funds

Maghreb Private Equity Fund II

  6,000,000.00

  Algeria, Morocco, Tunisia

  29/06/2006

  Equity

AfricInvest Financial Inclusion Vehicle

Investment Companies & Funds

AfricInvest Financial Inclusion Vehicle

  10,000,000.00

  Morocco, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Zambia

  14/12/2017

  Equity

Enda Tamweel

Financial Institutions

Enda Tamweel

  8,000,000.00

  Tunisia

  21/06/2019

  Debt

Enda Tamweel

Financial Institutions

Enda Tamweel

  5,863,753.66

  Tunisia

  16/11/2017

  Equity

Maghreb Private Equity Fund III

Investment Companies & Funds

Maghreb Private Equity Fund III

  6,000,000.00

  Algeria, Morocco, Tunisia

  05/09/2011

  Equity

Maghreb Private Equity Fund III

Investment Companies & Funds

Maghreb Private Equity Fund III

  2,000,000.00

  Algeria, Morocco, Tunisia

  16/09/2014

  Equity