AfricInvest exits industrial company
AfricInvest has sold its stake in Mathevon, an industrial company specialising in high-precision machining.
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AfricInvest Europe has announced the exit of the Franco-African Funds from Mathevon, a French industrial company specialising in high-precision machining.
The Franco-African Funds, managed by AfricInvest Europe – the Paris-based affiliate of AfricInvest Group – invests in French SMEs and mid-sized firms with current or planned expansion into Africa. The fund aims to accelerate their growth across the continent by leveraging AfricInvest’s extensive network.
Founded in 1949 in Saint-Étienne, Mathevon is a global industrial player focused on the precision manufacturing and treatment of safety-critical mechanical components produced in small and medium series.
In December 2018, AfricInvest Europe joined Mathevon’s capital alongside Siparex, Arkéa Capital, and BNP Paribas Développement as part of a financial consortium. This investment enabled the company to strengthen its structure, enhance its financial capacity, and expand internationally.
Sébastien Jerinte, CEO of Mathevon, commented: “AfricInvest was a particularly strong partner during the Covid crisis, supporting the continuity of our operations in Tunisia. Since then, the group has continued to expand its production capabilities, especially across Asia and the Middle East.”
Stéphane Colin and Khaled Ben Jennet, partners at AfricInvest Europe, added: “Our longstanding presence in Africa, particularly in Tunisia, enabled us to support Mathevon’s teams in both France and Africa, across their industrial development on the continent and their commercial growth internationally.”
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