Tuninvest announces the final closing of its Maghreb Private Equity Fund II at Euro 124.5 millions

le 28/05/2008 à 13h03

Tuninvest announces the final closing of its Maghreb Private Equity Fund II at Euro 124.5 millions making it the largest private equity fund targeting Tunisia, Algeria and Morocco. This Fund will target Local and regional SMEs through capital development and LBO transactions.

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OPIC approved a facility of USD 60 million to support AfricInvest II

le 28/05/2008 à 13h01

OPIC approved a facility of USD 60 million to support AfricInvest II in its board meeting of January 31st, 2008. OPIC was established as an agency of the U.S. government in 1971. It fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy.

OPIC President and CEO Robert Mosbacher, Jr. said that supporting this type of investment funds “represents additional, tangible support for Africa, but with a dynamic focus on the social aspects of economic development and job creation on the continent.” Mr. Hakim Khelifa from ACP said “this is an important milestone for us and a confirmation of the level of maturity that AfricInvest, a PE fund targeting SMEs in Africa has reached thanks to our main investors who trusted us and our local partners Cauris, Fidelity, IBTC Stanbic and Cenainvest”.

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AfricInvest Capital Partners a majority owned affiliate of Tuninvest is in the process of raising its second generation pan African fund

le 28/05/2008 à 13h00

AfricInvest Capital Partners, a majority owned affiliate of Tuninvest, is in the process of raising its second generation pan African fund: AfricInvest II. The Fund’s targeted size is Euro 150 millions. The Fund will have its first closing on June 2008.

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