Maghreb Private Equity Fund 2 (MPEF II)

North Africa,Africa Manufacturing, Food and agriculture, Business services, Financial services, Communications and IT Services, Health, Other consumer services

AfricInvest is an investment and financial services company based in Tunisia. Founded in 1994, it has dedicated investment teams focused on Africa, and employs 70 professionals based in nine offices.  The firm has two dedicated investment platforms for North Africa and sub-Saharan Africa, respectively

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, North Africa
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
Algeria, France, Morocco, Tunisia
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Business services, Communications and IT Services, Financial services, Food and agriculture, Health, Manufacturing, Other consumer services
Website:
http://www.africinvest.com/
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Tuninvest
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
February 2008
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$32.88m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Cyprus

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Altea Packaging (formerly Intaj Packaging)

Altea Packaging is a holding company that owns equity stakes in 3 companies specialized in the printing and processing of flexible packaging, films and papers.

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Tunisia Africa, North Africa Manufacturing January 2007 Active
Icosnet

Icosnet is an internet service provider and voice over IP operator located in Cherraga (a western suburb of Algiers). Icosnet today is the market leader in leased line access, and has deployed WiMax network in Algeria.

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Algeria Africa, North Africa Communications and IT Services April 2007 Active
Saiss Lait

Saiss Lait specialises in the production of sterilized milk and other dairy products and is based in Morocco.

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Morocco Africa, North Africa Food and agriculture December 2007 Active
GAT

Groupe des Assurances de Tunisie (GAT) is an insurance and reinsurance company based in Tunisia. GAT offers all types of insurance, including life insurance through its subsidiary Amina.

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Tunisia Africa, North Africa Financial services January 2008 Active
Snax

Snax is an Algerian manufacturer and distributor of salty snacks made from potatoes, pellets and extruded corn.

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Algeria Africa, North Africa Food and agriculture June 2008 Active
Sicopa

Sicopa is a producer of olives, dried tomatoes and peppers in Morocco. It caters to domestic and international markets.

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Morocco Africa, North Africa Food and agriculture September 2008 Active
Omniacom

Omniacom is a Tunisian company providing telecom solutions throughout Africa. Its flagship product is a wireless telephony solution offered to fixed operators.

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Tunisia Africa, North Africa Communications and IT Services November 2008 Active
General Emballage

General Emballage manufactures corrugated cardboard packaging in Algeria.

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Algeria Africa, North Africa Manufacturing June 2009 Active
Polymeres SA

Polymeres is an industrial company specialised in the compounding of resin polymer into extruded plastic compounds (pellets). The compounds are used by companies operating in the appliances, automotive, electrical and electronics industries.

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Tunisia Africa, North Africa Manufacturing May 2011 Active