AFRICINVEST FUND IV, LLC
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
AfricInvest was founded in 1994 and is one of the most experienced private equity investors on the African continent. To date, AfricInvest has invested in more than 150 companies across 25 countries and has raised USD 1.5b across 18 funds, and now aims to raise USD 500m for AfricInvest Fund IV.
What is our funding objective?
AfricInvest aims to make growth-capital investments in mid-cap African companies that are well positioned in their local markets and are posed to scale up operations as they expand outside their borders to become “regional champions”. By investing in AfricInvest IV FMO can contribute to the economic growth and private equity market development across the African continent.
Why do we fund this investment?
This investment fits FMO’s strategy, deepening a relationship with an existing partner in African private equity investing, and contributes further to FMO’s ambition of being a preferred partner for growth in emerging markets.
What is the Environmental and Social categorization rationale?
Based on the risk profile of the pipeline companies, the preliminary E&S categorization is B (medium – high risk). AfricInvest has shown a solid commitment towards E&S and has a strong environment and social management system in place as well as an experienced and dedicated ESG manager in its team. AfricInvest conducts rigorous ESG due diligence during its investment process and develops E&S action plans for its portfolio companies to bring them into compliance with the IFC Performance Standards.
Sub investments
Disclaimer
This data is updated annually so some investments might no longer be in FMO’s portfolio, while some newer investments may not yet be shown.
| Name | Country | Region | Sector |
|---|---|---|---|
| Justrite Limited | Nigeria | AFRICA | Agri, Food and Water |
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 11/21/2019
- Effective date
- 6/4/2020
- Total FMO financing
- USD 30.00 MLN
- Funding
- FMO NV
-
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