I&P AFRIQUE ENTREPRENEURS
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
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.
What is our 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 do we fund this investment?
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 customer/investment
- https://www.ietp.com/en
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 5/10/2012
- Total FMO financing
- EUR 5.00 MLN
- Funding
- MASSIF
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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