Description
Presentation explain investisseur and partenaire new fund iandp afrique entrepreneurs.
Investisseur & Partenaire
New Fund
I&P Afrique Entrepreneurs
? Releasing the potential of SMEsand the financial sector
? Promotingsociallyand environmentallyresponsible
entrepreneurship
? In Sub-SaharanAfrica
? I&P AfriqueEntrepreneursreliesonanoriginal businessmodel designedanddeveloped
byInvestisseur &Partenairepour leDéveloppement (I&P Developpement), under the
leadershipof PatriceHoppenot, arenownedprivateequityprofessional.
? I&P Développement, which has invested in 30 small and mediumsized companies
(SMEs) and microfinance institutions (MFIs) in developing countries, is a private
investment company created in 2002, and has proven to be successful. It has been
managed since its inception by the same management team, which has progressively
grownandimproveditsorganizationinorder tomeet itsgrowingchallenges.
? Thepurposeof thenewfundistoincreasetheinvestmentcapacityof theteamthrough
aclassical investmentvehicleandreachadditional qualitativeimpacts.
? I&PAfriqueEntrepreneurswill berunbythesameteam, adaptedtothenewchallenges,
andledby Jean-Michel Severino, former CEO of Agence Française de Développement
(AFD).
? I&P Afrique Entrepreneurs will follow the sameinvestment strategyandvaluesas I&P
Developpement, with minor changes based on the accumulated experience and the
evolvingneeds.
Executive summary
2
An impact investingstrategy
OURGOAL
? To contribute to the development of an enduring and efficient private sector and
strengthen the economic fabric in Africa, as well as the Indian Ocean, and promote
entrepreneurshipvalues
? Tospur local economic, social andenvironmental impact
OURMEANS
? To support the creation and development of African high potential Small and medium
sizedfirms(SMEs), andfinancial institutions, especiallyMicrofinanceinstitutions(MFIs)
? To contribute to making themcompetitive, autonomous and sustainable; to help them
createvalue, services, capabilitiesandjobs
? To improve their governance, their social management and their impact on the
environment
OURPROPOSAL:
Offering investors the first impact investing opportunity in Western and Central Africa, and
the Indian Ocean, combining satisfactory financial returns and significant economic and
social value
3
Our coreinvestment focus : Western and Central Africa
? WesternandCentral Africa (fromSenegal to DRC, withtheexceptionof Nigeria) will be
thecorefocusof theteamwithmanyopportunities:
? Macroeconomics conditions in Central and Western African countries have improved:
Sub-saharian Africais projected to generate 5,9%real GDP growth in 2011 (3times more
thanEU)
? Economic development and on-going demographic transition generate a lot of
opportunitiesandchallengesfor local companies
? Despite security problems in the Sahel, and a political transition challenge in Ivory Coast,
thisregionbenefitsfromimprovedbusinessenvironments
? Twosecondarytargetareasmaybeconsidered:
? TheIndianOcean: an archipelago of diverse levels of maturingeconomies (Madagascar,
Mauritius, Comoros…) providing a large scope of possibilities, and a strong collaboration
withasister fund, I&PCapital
? Punctually, interesting opportunities may appear in Eastern or Southern Africa, in a
buoyant part of thecontinent, inamorecompetitiveenvironment, that canbeseizedonan
opportunisticbasis; I&P AfriqueEntrepreneurs, will especiallylookfor opportunitiesinthis
regioninthemicrofinancesector.
4
Investment profile : the missingmiddle and micro-entrepreneurs
•Most PrivateEquityFunds
•Local banks
•Foreigninvestors
Large
companies
>€2 m
•MISSING MIDDLE
SMEs
€150,000 to
€2 m
•Mesofinance
Small Entreprises
€50,000 to €150,000
•Microfinance
Institutions
Micro-Entreprises
Presentation explain investisseur and partenaire new fund iandp afrique entrepreneurs.
Investisseur & Partenaire
New Fund
I&P Afrique Entrepreneurs
? Releasing the potential of SMEsand the financial sector
? Promotingsociallyand environmentallyresponsible
entrepreneurship
? In Sub-SaharanAfrica
? I&P AfriqueEntrepreneursreliesonanoriginal businessmodel designedanddeveloped
byInvestisseur &Partenairepour leDéveloppement (I&P Developpement), under the
leadershipof PatriceHoppenot, arenownedprivateequityprofessional.
? I&P Développement, which has invested in 30 small and mediumsized companies
(SMEs) and microfinance institutions (MFIs) in developing countries, is a private
investment company created in 2002, and has proven to be successful. It has been
managed since its inception by the same management team, which has progressively
grownandimproveditsorganizationinorder tomeet itsgrowingchallenges.
? Thepurposeof thenewfundistoincreasetheinvestmentcapacityof theteamthrough
aclassical investmentvehicleandreachadditional qualitativeimpacts.
? I&PAfriqueEntrepreneurswill berunbythesameteam, adaptedtothenewchallenges,
andledby Jean-Michel Severino, former CEO of Agence Française de Développement
(AFD).
? I&P Afrique Entrepreneurs will follow the sameinvestment strategyandvaluesas I&P
Developpement, with minor changes based on the accumulated experience and the
evolvingneeds.
Executive summary
2
An impact investingstrategy
OURGOAL
? To contribute to the development of an enduring and efficient private sector and
strengthen the economic fabric in Africa, as well as the Indian Ocean, and promote
entrepreneurshipvalues
? Tospur local economic, social andenvironmental impact
OURMEANS
? To support the creation and development of African high potential Small and medium
sizedfirms(SMEs), andfinancial institutions, especiallyMicrofinanceinstitutions(MFIs)
? To contribute to making themcompetitive, autonomous and sustainable; to help them
createvalue, services, capabilitiesandjobs
? To improve their governance, their social management and their impact on the
environment
OURPROPOSAL:
Offering investors the first impact investing opportunity in Western and Central Africa, and
the Indian Ocean, combining satisfactory financial returns and significant economic and
social value
3
Our coreinvestment focus : Western and Central Africa
? WesternandCentral Africa (fromSenegal to DRC, withtheexceptionof Nigeria) will be
thecorefocusof theteamwithmanyopportunities:
? Macroeconomics conditions in Central and Western African countries have improved:
Sub-saharian Africais projected to generate 5,9%real GDP growth in 2011 (3times more
thanEU)
? Economic development and on-going demographic transition generate a lot of
opportunitiesandchallengesfor local companies
? Despite security problems in the Sahel, and a political transition challenge in Ivory Coast,
thisregionbenefitsfromimprovedbusinessenvironments
? Twosecondarytargetareasmaybeconsidered:
? TheIndianOcean: an archipelago of diverse levels of maturingeconomies (Madagascar,
Mauritius, Comoros…) providing a large scope of possibilities, and a strong collaboration
withasister fund, I&PCapital
? Punctually, interesting opportunities may appear in Eastern or Southern Africa, in a
buoyant part of thecontinent, inamorecompetitiveenvironment, that canbeseizedonan
opportunisticbasis; I&P AfriqueEntrepreneurs, will especiallylookfor opportunitiesinthis
regioninthemicrofinancesector.
4
Investment profile : the missingmiddle and micro-entrepreneurs
•Most PrivateEquityFunds
•Local banks
•Foreigninvestors
Large
companies
>€2 m
•MISSING MIDDLE
SMEs
€150,000 to
€2 m
•Mesofinance
Small Entreprises
€50,000 to €150,000
•Microfinance
Institutions
Micro-Entreprises