New Investments

EBRD Commits $40 Million to Boost Mid-Sized Businesses in North Africa

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The European Bank for Reconstruction and Development (EBRD) is injecting up to $40 million into SPE Capital’s newly launched SPE PEF III fund.

This investment aims to bolster mid-cap companies in Egypt, Morocco, and Tunisia.

The fund will focus on generating long-term capital growth through equity and similar investments in these North African nations. It also holds the flexibility to expand its reach into select sub-Saharan African countries.

This represents a continuation of the successful partnership between EBRD and SPE Capital. Their initial collaboration involved the EBRD’s 2019-2020 investment in SPE AIF I, the predecessor to SPE PEF III.

AIF I has since fueled the growth of nine companies across various sectors like healthcare, education, consumer goods, and food processing.

EBRD’s Director for Private Equity Funds Investment, Anne Fossemalle, expressed enthusiasm about supporting SPE Capital, a key strategic partner in the southern and eastern Mediterranean region.

She highlighted SPE Capital’s established presence in regional offices across Tunis, Casablanca, Cairo, and Abidjan.

This network will empower them to assist African businesses in maximizing their operational potential, generate strong returns for investors, and ultimately improve the continent’s overall well-being.

Nabil Triki, SPE Capital’s Managing Partner and CEO, acknowledged the EBRD’s unwavering support, which has been critical for the firm’s private equity funds and overall development.

He emphasized how this commitment allows them to not only deliver substantial returns but also generate a lasting positive impact in their investment markets. Triki went on to describe their collaboration as a force for sustainable growth and development, benefiting both communities and economies.

This partnership, he concluded, reinforces their shared vision of nurturing resilient, high-growth businesses across North Africa and beyond.

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