Project detail - I AND P AFRIQUE ENTREPRENEURS

I AND P AFRIQUE ENTREPRENEURS

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Who is our client

I&P Afrique Entrepreneurs is the second financial vehicle of Investisseurs et Partenaires (I&P), a family of investment vehicles whose objective is to support a new generation of responsible African entrepreneurs.

Funding objective

FMO will invest EUR 5 mln from MASSIF in I&P Afrique Entrepreneurs (IPAE). The life of the fund is 10 to 12 years, with 5 years investment period. The fund’s target companies are middle-sized companies in the formal economy, employing between 10 and 500 people. Led by local entrepreneurs and/or a management team, the companies can be in a variety of sectors (health, agribusiness, building, distribution, services, microfinance and any other licit sector) but shall have a proven potential of value creation and positive social, environmental and governance impacts. IPAE will generally hold minority stakes and act as an active partner, bringing its skills in management and finance in an entrepreneurial approach. The fund will mainly target Western and Central Africa and in the Indian Ocean.

Why we fund this project

The fund is complementary to existing funds that are active in this region, because IPAE’s target clients and deal sizes (from EUR 0.3 to EUR 1.5 million) are smaller. This also gives the fund the advantages of working exclusively on transactions and of future exit opportunities potentially coming from secondary sale to these other funds. The fund is an excellent fit with MASSIF’s purpose, combining a focus on Francophone Africa, SMEs, knowledge transfer and capacity building to entrepreneurs via an active investment approach and access to capacity development funding.

Website client
http://www.ip-dev.com/
Region
Africa
Country
Africa
Sector
Infrastructure, Manufacturing and Services
Signing date
5/10/2012
Total FMO financing
EUR 4.97 MLN
Fund
MASSIF
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B