English
Français“Investisseurs & Partenaires" company is pleased to announce the final closing of its private equity fund “I&P Afrique Entrepreneurs” at Euro 54 Million
Submitted by on Mon, 06/03/2013 - 10:38
Launched in May 2012, the private equity fund IPAE dedicated to SMEs in sub-Saharan Africa, announce its third and final closing at around € 54 million, ahead of its initial target. The Funds counts now 37 investors.
THE OBJECTIVE OF THE IPAE FUND IS TO CONTRIBUTE TO THE EMERGENCE OF A SUSTAINABLE AND DYNAMIC PRIVATE SECTOR IN SUB-SAHARAN AFRICA.
Jean-Michel Severino, the Chief Executive Officer of Investisseurs & Partenaires states "we have a great responsibility: investing these funds successfully for our investors, of course, but also for the proponents of the businesses that we support, and for Africa, where the success of entrepreneurial development is our cause. Our investment team is experienced and will meet the challenge.”
The IPAE private equity fund aims to support the financial needs of responsible African entrepreneurs seeking funding between EUR 0.3 and 1.5 million, as well as strategic support and targeted technical support. The objective of the IPAE Fund is to realize up to 50 investments over the next five years in various sectors of the economy: health, microfinance, equipment, agro-industry or transport.
A year after its launching, IPAE has invested almost EUR 11 million in more than a dozen companies. The IPAE has, for example, funded the development of the Conergies Group in Mali and Côte d'Ivoire, specialist in industrial refrigeration and air conditioning systems; the Malagasy start-up IOT, an enterprise of industrial aquaculture; the medical network Nest For All Senegal, dedicated to women and infant or the Ugandan microfinance institution Uganda Finance Trust.