Stéphane Colin and Khaled Ben Jennet, partners at AfricInvest Europe

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AfricInvest Europe has made an investment in Tecofi Group, a specialist in industrial valve design and manufacturing, via its Fonds Franco-Africain 2 (FFA II). The fund joins Tecofi’s long-standing financial partners, Bpifrance and Garibaldi Participations. As part of the transaction, the management team is also strengthening its ownership stake in the company.

Founded in 1985, Tecofi designs and manufactures a wide range of industrial valves, primarily butterfly and knife-gate valves, along with taps and check valves used across high-growth sectors such as water, energy, HVAC, paper, agri-food and chemicals. The group employs around 240 people across five subsidiaries covering Europe, Africa, the Middle East and Asia, and is supported by a network of local partners distributing Tecofi products in over 110 countries.

With the backing of its investment partners, Tecofi’s leadership – Jean-Paul Colombel (chairman) and Fabien Fayard (CEO) – intends to use this new round of financing to accelerate growth, combining organic expansion with targeted acquisitions. The company aims to enter new markets such as nuclear and hydrogen and to broaden its product offering, diversifying its customer base. The group will also benefit from the support and know-how of its financial partners, particularly the AfricInvest group, to strengthen its presence in Africa, where it already operates through a subsidiary in Egypt.

Stéphane Colin and Khaled Ben Jennet, partners at AfricInvest Europe, said in a joint statement: “Leveraging the reach of our eight offices across Africa, including Algeria, Côte d’Ivoire, Egypt, Mauritius, Kenya, Morocco, Nigeria and Tunisia, we are proud to support Tecofi’s international expansion, and in particular, its growth ambitions on the African continent. With nearly 25% of the group’s revenue already generated in the Middle East and Africa, we believe this region offers significant opportunities for Tecofi’s continued development.”

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AfricInvest Europe invests in Tecofi