Africinvest

AfricInvest, founded in 1994 and based in Tunis, Tunisia, is a prominent private equity investment firm and part of the Integra Group. With a dedicated focus on North Africa and Sub-Saharan Africa, AfricInvest employs 66 professionals across seven offices and manages approximately USD 1 billion across 16 funds. The firm has a strong track record of investing in small and medium enterprises in various high-growth sectors, including financial services, agribusiness, consumer/retail, education, and healthcare. Since its inception, AfricInvest has invested in 135 companies across 25 African countries, leveraging a broad network of executives to enhance its investment strategies. The firm is also an active advocate for the private equity industry, having co-founded the African Venture Capital Association and other regional initiatives aimed at promoting investment in Africa.

Cherif Bouattour

CFO

Anis Fathallah

Senior Partner

Hichem Ghanmi

Senior Partner and Managing Director, Western African countries operations

Mehdi Gharbi

Senior Partner, Co-Head of Financial Services Funds

Karim Ghedamsi

Senior Partner

Samia Ghorbel

Partner

Brahim El Jaî

Senior Partner

Khaled Ben Jennet

Partner

Khaled Ben Jilani

Senior Partner

Faisal Jiwa

Senior Partner

Anis Kallel

Senior Partner

Hakim Khelifa

Partner

Khalil Lakhoua

Partner and Deputy Chief Investment Officer

George Odo

Senior Partner and Managing Director, East Africa

Skander Oueslati

Chief Investment Officer and Deputy Managing Director

Ziad Oueslati

Co-Founder and Partner

Mohamed Sebti

Partner

Yazid Taalba

Senior Partner and Managing Directorr

Ismail Talbi

Senior Partner and Managing Director, Egypt

Julius Tichelaar

Partner, East and Southern Africa

Karim Trad

Co-Founder, Partner and Executive Director

Past deals in Morocco

Heetch

Series B in 2019
Heetch is a ride-sharing application founded in 2013 in Paris, France, that caters specifically to late-night transportation needs. The platform connects users with drivers, providing a convenient and safer alternative to traditional taxi services. Heetch allows users to enjoy their night out without the stress of finding transportation, making it particularly popular among those seeking rides during late hours. The company has expanded its operations beyond France to include Belgium and Morocco, facilitating thousands of rides daily. With backing from investors such as Cathay Innovation, Total Ventures, and Felix Capital, Heetch focuses on delivering a user-friendly experience with fair mobility and low commission rates for passengers.

CFG Bank

Private Equity Round in 2018
CFG Bank's value system has been focused on the quality of its human resources, customer culture and excellence, the cult of innovation and commitment.

Promamec

Venture Round in 2018
Promamec SARL manufactures and distributes medical equipment. Its products include medical and paramedical devices, downstream customized medical equipment, and upstream storable consumables. The company was founded in 1981 and is headquartered in Casablanca, Morocco.

Buzzkito

Series A in 2018
Buzzkito Network, founded in 2006 and headquartered in Dubai, United Arab Emirates, is a pioneer in the advertising industry in the MENA region, integrating technology with brand development. The company specializes in short content video production and distribution, leveraging data and psychological insights to enhance client satisfaction. In addition to its primary business, Buzzkito also operates coworking spaces that offer flexible work environments, including shared workspaces and private offices, at competitive prices. With additional offices in Casablanca, Morocco, and Jeddah, Saudi Arabia, Buzzkito aims to provide innovative solutions that cater to the diverse needs of businesses in the region.

Advyteam

Venture Round in 2017
Advyteam Consulting Group, SAS develops and provides human resources consulting solutions and human resources management information systems. The company was incorporated in 2011 and is headquartered in Paris, France with additional offices in Tunisia and Morocco.

Outsourcia

Venture Round in 2016
Outsourcia SARL offers information technology outsourcing (ITO) and business process outsourcing (BPO) services. The company was founded in 2003 and is based in Evreux, France.

Platinum Power

Private Equity Round in 2015
Platinum Power is an independent energy operator dedicated to renewable energy production in Africa, particularly in Morocco and Sub-Saharan regions. The company develops and operates a diverse portfolio of projects utilizing hydroelectricity, wind, and solar power. Platinum Power focuses on delivering energy at various voltage levels, including very high voltage and high voltage, directly to off-takers. This strategic approach positions the company as a key player in the transition to sustainable energy solutions across the continent.

San José López

Private Equity Round in 2013
Grupo San José López is a Spanish company based in San Sebastien operating in the road freight transport sector for more than 60 years and controlled by three Spanish families (the Lopez, the Quiroga and the Estensoro families). The group was set up in 2002 from a merger of two of the most reputed Spanish international road carriers that combine more than 120 years of operations in Spain, Europe and Morocco. It operates in Morocco since the eighties and has managed to build a privileged position in the Moroccan market supported by a strong reputation of reliability and seriousness among Moroccan clients, multinational companies based in Morocco and the local authorities. Grupo SJL has developed a unique and widely-recognized expertise in the international road freight transportation of goods between Morocco and Europe especially on the automotive sector where the company serves major global players (i.e. Renault, Leoni, Tyco, Michelin, Faurecia...). The group's business which covers the whole value chain of the transportation and logistics market (commissioning, freight forwarding, road transportation, consolidation and groupage of shipments, pick-up/loading,temporary admission of goods,....) is about creating and operating point-to-point transportation routes for clients.

Sicopa

Acquisition in 2008
Sicopa was created in 1985 and is specialized in the production of olives, dried tomatoes, and pepper. The diversified range of products allows Sicopa to control a large distribution market. Sicopa has been approved by American food companies, such as Subway, following several audits.

Saiss Lait

Venture Round in 2007
Saiss Lait is specialises in the production of sterilized milk and other dairy products and is based in Morocco.

AXA Mansard

Venture Round in 2006
AXA Mansard is a member of the AXA Group, the worldwide leader in insurance and asset management with 166,000 employees serving 107 million clients in 64 countries. The group is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. Despite being written in upper case, "AXA" is not an acronym, the name was chosen because it is short and can be pronounced easily the same way in every language. AXA is present in geographically diverse markets, with operations concentrated in Europe, North America and Asia Pacific. AXA’s is also present in Central and South America, Middle East and in Africa via operations in Cameroon, Gabon, Ivory Coast, Morocco, Senegal and Algeria. AXA has more than over 20 year’s continuous presence in Africa. In 2016, IFRS revenues amounted to Euro 100.2 billion and IFRS underlying earnings to Euro 5.7 billion. AXA had Euro 1,429 billion in assets under management as of December 31, 2016. AXA Mansard was incorporated in 1989 as a private limited liability company and is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM). The Company offers life and non-life insurance products and services to individuals and institutions across Nigeria whilst also offering asset/investment management services, health management services and pension fund administration through its three subsidiaries AXA Mansard Investments Limited, AXA Mansard Health Limited and AXA Mansard Pensions Limited. From 2004 to 2015, AXA Mansard Insurance grew its turnover at a compounded annual growth rate (CAGR) of 55%. In 2016, GWP was NGN 20.7 billion, while net income was NGN 10.9 billion, a 10% increase over 2015. The company has progressed from the 97th position out of 109 insurance companies existing in 2003 to one of the top 4 out of 58 insurance companies in 2016. This growth has attracted the attention of analysts from across the world. AXA Mansard Insurance was listed on the Nigeria Stock Exchange in November 2009. In December 2014, AXA Mansard became a member of AXA following AXA’s acquisition of Assur Holdings (AAH), the majority shareholders in the erstwhile company. AXA Mansard Insurance plc is rated B+ by A.M. Best (2016) for Financial Strength. The Company is also certified ISO 9001:2008 compliant by the Standard Organisation of Nigeria (SON) for quality management systems.

Siprof

Venture Round in 2005
Siprof is a Moroccan manufacturer specializing in friction products for the automotive industry. With over 30 years of experience, the company produces components suitable for both light and heavy-duty vehicles. Its extensive expertise in this sector has established Siprof as a prominent player in the market, catering to various automotive needs.

Finapack

Venture Round in 2005
Finapack operates as a manufacturer of cardboard packaging.
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