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African Capital Partners, L.L.C., an affiliate of Tuninvest Finance Group S.A.
AfricInvest II LLC is a target EUR 120 million private equity fund managed by AfricInvest Capital Partners (“ACP”), an affiliate of Tuninvest Finance Group (“Tuninvest”), focusing on growth and expansion small and medium-sized enterprises (SME) in primarily Sub-Saharan West and East Africa.
The fund intends to focus on enterprises that are well-established and have developed brands, products, distribution channels and good customer bases in their local markets. The targeted companies will ideally have a clear potential to scale up regionally, combined with operational improvement prospects. The Fund will focus on growth investments to companies with annual revenues between EUR 5 and EUR 50 million. Fund investments are expected to range from EUR 2 to EUR 10 million.
Environmental analysis according to guidelines acceptable to the Bank will be part of the Fund’s due diligence process in the appraisal of invested companies.