Maghreb Private Equity Fund IV
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
Investment field
Investment Companies & Funds
Activity
SME Fund
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
Masria Digital Payments - mdp
Egypt
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
K.64.190 Commercial banking
Commercial bank in Morocco, providing corporate and retail services.
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
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
