IFU

IFU is a venture capital and private equity firm based in Copenhagen, Denmark, that specializes in providing equity, mezzanine financing, loans, and guarantees to projects in developing countries. Established in 1967, IFU focuses on creating and financing new businesses, joint ventures between Danish companies and local partners, and acquiring existing ventures. The firm primarily invests in sectors such as commercial services, biofuels, renewable energy, and irrigation systems, with a particular emphasis on climate and agribusiness. Investments are targeted at countries with a low gross national income per capita, as defined by specific criteria, and include regions across Africa, Asia, Europe, and Latin America. IFU typically invests between DKK 0.5 million and DKK 100 million and often seeks co-investment opportunities with Danish firms. The firm also supports small and medium-sized enterprises and provides advisory services for business investments in developing markets. With a preference for board membership, IFU aims to exit investments within five to seven years, ensuring a positive return for its stakeholders.

Ib Albertsen

Investment Director, SME

Le An

Investment Manager

Brian Muggeridge Andersen

Regional Director of West Africa

Helle Bjerre

VP of Latin America

Mathias Boyer

Senior Investment Manager

Catherine Isabelle Cax

VP of Sub-Saharan Africa

Morten Christiansen

SVP of Investment Management

Morten Elkjær

VP of Finance Sector

Lisbeth Erlands

VP, Europe and MENA

Henrik Frøsig

Regional Director, East Africa

Johnny Ohgrøn Hansen

Regional Director of Southern Africa

Søren Hasholt

Senior Investment Manager

Deepa Hingorani

VP, North and South Asia

Nidhi Husain

Senior Investment Manager

Torben Huss

CEO

Anker Tvede Jakob

Investment Director

Henrik Jepsen

Investment Director

Hong Jiang

Regional Director, China

Søren Kirk Josefsen

Investment Director

Max Kruse

Investment Director

Knud Lundgaard-Karlshøj

Regional Director, Kenya

Mainga Mukando

Investment Manager, Special Operations and Investment Manager, Investment Management Department

Reik Haahr Müller

VP of Climate Investments

Birgitte Bang Nielsen

Corporate Social Responsibility Director

Susanne M. Nielsen

Human Resource Director

Hans-Jørgen Nyegaard

Investment Director

Rune Nørgaard

Communications Director and Member of Executive Board

Steffen Schiottz-Christensen

VP of North Asia

Peter Schwalbe

SVP of New Investments and Director of Project Development Department

Alex Unsgaard

VP of Sub-Saharan Africa

Frederik Zeuthen

Regional Director of Latin America

Past deals in Tunisia

Baobab SAS

Private Equity Round in 2016
Baobab SAS is a digital finance group dedicated to promoting financial inclusion for individuals and small businesses across Africa and China. Founded in 2005 by Arnaud Ventura, the company operates over 1,000 points of presence in countries such as Madagascar, Senegal, Nigeria, and Tunisia. It offers a range of financial products, including loans, savings accounts, current accounts, and term deposits, as well as insurance, payment solutions, and access to essential services like energy and technology. Baobab SAS, formerly known as Microcred Microfinance Bank Nigeria, changed its name in December 2017 and is headquartered in Kaduna, Nigeria. With a workforce of more than 3,800 employees, the company has facilitated over EUR3 billion in loans, empowering hundreds of thousands of clients to achieve their financial goals.

Baobab SAS

Private Equity Round in 2015
Baobab SAS is a digital finance group dedicated to promoting financial inclusion for individuals and small businesses across Africa and China. Founded in 2005 by Arnaud Ventura, the company operates over 1,000 points of presence in countries such as Madagascar, Senegal, Nigeria, and Tunisia. It offers a range of financial products, including loans, savings accounts, current accounts, and term deposits, as well as insurance, payment solutions, and access to essential services like energy and technology. Baobab SAS, formerly known as Microcred Microfinance Bank Nigeria, changed its name in December 2017 and is headquartered in Kaduna, Nigeria. With a workforce of more than 3,800 employees, the company has facilitated over EUR3 billion in loans, empowering hundreds of thousands of clients to achieve their financial goals.