AFRICINVEST EUROPE

A French Incorporated Asset Management Company,
regulated by the French Market Authority

At a glance

AfricInvest Europe is a French Private Equity Company, regulated by the French Market Authority (AMF agreement number GP -16000028).

A subsidiary of AfricInvest Group, AfricInvest Europe is led by a dedicated team, which manages the Franco-African Funds (“FFA”). The FFA 1 and 2, “Fonds Professionnel de Capital Investissement” or FPCI, are the first cross-border funds dedicated to the French Small and Medium-sized companies, which are willing to invest and grow in Africa. A pool of diverse investors have subscribed to the funds, all with the vision of accelerating the growth of African and French SMEs through development projects across the two continents. These investors include Bpifrance, French private-sector groups—Société Générale, Orange and BNP Paribas, and Proparco (the AFD group). In addition, a large part of the funds’ subscription comes from African investors, including the Caisse Nationale de Prévoyance Sociale de Côte d’Ivoire (CNPS), the Moroccan insurance company Saham, the Moroccan industrial and financial group Financecom, the Central Bank of Kenya Pension Fund, private investors from Kenya and Nigeria, as well as AfricInvest itself.

To date, the FFA have already made 16 investments in innovative and fast-growing French SMEs in sectors as varied as health, industry, education and the environment. The FFA invest unit tickets between €2m and €6m, either directly in a minority or alongside renowned co-investors.

AfricInvest Europe aims to support investee companies through its experience, financing capabilities, extensive network and the expertise of its teams in France and Africa in an effort to help them accelerate their growth and access new markets. It will also look to facilitate partnerships with the relevant commercial, financial, industrial and technological partners in each market.

In addition to financial returns, the fund will focus on the impact of its investments on companies’ governance, transparency, employment creation and respect for social and environments value.

AfricInvest Europe, benefits from the unique positioning of the AfricInvest Group, a Pan-African Group, a pioneer and leader in Private Equity in Africa, founded in 1994 in Tunisia.AfricInvest raised $2bn across 21 funds and benefits from strong, long-term support from both local and international investors, including leading development finance institutions in the United States and Europe. Since the beginning, AfricInvest has invested in more than 200 companies across 35 African countries and relies on a team of more than 100 employees operating from 10 offices.

  • 6
    years
    of experience in France
  • 16
    supported
    companies
  • around
    90 m

    under
    management
  • 4
    professionals

INVESTMENT APPROACH

French SMEs, with high development potential

and benefiting from their financial strength (turnover between €20m and €300m)

Agnostic sector:

health, education, environment, industry, packaging, travel, etc.

High value-added minority investments

in majority or minority operations, with €2m to €6m tickets in equity and quasi-equity

VALUES AND MISSION

Long-term investment


An involvement in governance and a long-term commitment to support and promote value creation.

Respect


Support that respects the culture, uniqueness and identity of each portfolio company.

Flexibility and reactivity


A reactivity in the decision making process of AfricInvest Europe's teams, thanks to an investment committee that can be mobilized quickly and a reactivity throughout the support period.

Active and non-interventionist involvement


Involvement with management teams, to (i) participate in strategic thinking, while respecting operational management and (ii) assist in the key stages of development: organic and external growth, restructuring of management teams, development of the African angle, etc.

Proximity


A decentralized structure based in Paris which allows a strong proximity with the portfolio companies. Through a hands-on approach, the entire investment team of AfricInvest Europe is entirely dedicated to the success of FFAs, and is at the disposal of French entrepreneurs.

Commitment


A proactive approach to create a real "partnership" with the teams of the AfricInvest Group, locally established in Africa, in order to "unlock" access to the African business world and meet the development challenges of French entrepreneurs.

Contact Details

Africinvest Europe SAS

france@africinvest.com

16 Bis avenue de la Motte-Picquet
75007 Paris

Tel: (+33) 1 73 04 34 40