SPE sets its sights on four to five new investors for its pan-African fund, AIF

SPE sets its sights on four to five new investors for its pan-African fund, AIF

After having brought the IFC into its fund with $15m, the Tunisia-based private equity firm is preparing a new round of financing for the end of the year. The firm, which has just bought Saham Pharma, could exceed its planned $200m target of investments in companies of significant size in North and Sub-Saharan Africa by 20%-25%.

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            ▪ SPE sets its sights on four to five new investors for its pan-African fund, AIF

▪ After having brought the IFC into its fund with $15m, the Tunisia-based private equity firm is preparing a new round of financing for the end of the year. The firm, which has just bought Saham Pharma, could exceed its planned $200m target of investments in companies of significant size in North and Sub-Saharan Africa by 20%-25%.

https://www.jeuneafriquebusinessplus.com/en/804069/spe-vise-quatre-a-cinq-nouveaux-investisseurs-pour-son-fonds-panafricain-aif/

15/04/2020 at 16h52, by Jeune Afrique Business+

In the midst of the Covid-19 crisis, SPE Capital, the recent purchaser of Moroccan company Saham Pharma alongside Proparco, remains active – this time in financing. The Tunis-based fund manager has just brought the International Finance Corporation (World Bank Group) on board its principal fund SPE AIF I (Africa Industrialization I Fund) for a maximum amount of $20m, in a deal finalised on 13 April.

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