EBRD commits $40m to SPE Capital fund
The fund will back mid-cap companies in Egypt, Morocco and Tunisia.
The European Bank for Reconstruction and Development (EBRD) is committing up to $40 million to SPE PEF III, the new fund raised by SPE Capital, to support mid-cap companies in Egypt, Morocco and Tunisia.
The fund will seek to generate long-term capital gains from equity and equity-related investments in companies in these three North African countries, with the flexibility to also invest in selected countries in sub-Saharan Africa.
This new EBRD investment follows the first made with SPE Capital, back in 2019-20, when the EBRD invested in the SPE AIF I fund, the predecessor to SPE PEF III. To date, through AIF I, SPE Capital has invested in nine companies across a broad range of sectors including healthcare, education, fast-moving consumer goods and food processing.
Anne Fossemalle, EBRD director for private equity funds investment, said: “We are excited to support SPE Capital, a key strategic partner to the EBRD in the southern and eastern Mediterranean region, in their next phase of development, through our investment in PEF III. SPE Capital will leverage their established presence in regional offices in Tunis, Casablanca, Cairo and Abidjan to support African firms in reaching their full operational potential, deliver successful financial returns to investors and improve quality of life on the continent.”
Nabil Triki, managing partner and CEO of SPE Capital, said: “We are grateful for the unwavering support of the EBRD, which has been instrumental to the private equity funds we manage and the development of our firm more generally. Such commitment not only empowers us to generate substantial returns for our investors but also drives positive and lasting impact in the markets we invest in. Together, we are fostering sustainable growth and development that benefits communities and economies alike. This partnership underscores our shared vision of driving the development of resilient, high-growth companies in North Africa and beyond.”
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