Bpifrance in partnership with AfricInvest has launched the French African Fund (FFA)
The French African Fund is “the first cross-border investment fund dedicated to the development of small and medium-sized enterprises (SMEs) in both Africa and France.”
The fund is geared towards accelerating the growth of SMEs across Africa and France. It will be under the management of AfricInvest, a leading pan-African mid-cap-focused private equity firm.
AfricInvest will be looking for profitable mid-cap companies that demonstrate growth potential through an entrepreneurial medium-to-long-term approach in the creation of value. The fund will be split in half; one-half is going to French SMEs with initiatives that promise to grow into African markets and provide opportunities for economic empowerment. While the other half will go towards African SMEs that demonstrate the potential to grow into a regional economic powerhouse.
The investment of the fund will be in the form of equity participation, but one on a mostly minority stake.
AfricInvest will also take the initiative of supporting the investees by giving them capacity building mentorship, sharing of experiences, financial guidance, and exposure to their extensive network. AfricInvest has expertise operating both in France …read more