Emerging Capital Partners (ECP)

ECP Africa Fund I was a private equity growth-expansion fund established in 2000 and managed by Emerging Capital Partners, based in Johannesburg, South Africa. The fund focused on investing in various sectors across Africa, specifically targeting materials, resources, and impact investing. With a commitment to fostering economic growth, ECP has raised over $2 billion for investments throughout the continent, including the Francophone regions, and has deployed capital in over 40 countries. The fund's initiatives have directly contributed to the creation and support of more than 50,000 jobs, highlighting its role in promoting sustainable development in Africa.

Hurley Doddy

Founder, Managing Partner, Founding Partner and CEO

51 past transactions

Allego

Post in 2022
Allego NV is a provider of electric vehicle charging solutions, dedicated to accelerating the transition to electric mobility with 100% renewable energy. It developed a comprehensive portfolio of innovative charging infrastructure and proprietary software, including its Allamo and EV Cloud software platforms. With a network of 30,000 charging points spanning 16 countries, Allego delivers independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation.

Eranove

Venture Round in 2021
Eranove SA, formerly known as Finagestion, is a prominent provider of public service management, focusing on electricity and drinking water production in West Africa. The company operates in Côte d’Ivoire, Senegal, and the Democratic Republic of Congo, with a long-standing presence in these regions. Its activities encompass electricity generation through hydroelectric dams and thermal power stations, as well as the transmission and distribution of electricity. Eranove is also involved in the production and distribution of potable water, managing treatment facilities and water transport networks. Additionally, the company addresses sewage and rainwater collection and offers data transmission services through power lines. Eranove is committed to corporate social responsibility, adhering to quality and environmental standards recognized by international certifications. Founded in 2003 and headquartered in Paris, France, Eranove plays a critical role in enhancing access to essential services across its operational territories.

Zipline

Series E in 2021
Zipline Inc. is a California-based company that specializes in the design, manufacture, and operation of drones for delivering vital medical supplies, including vaccines, medicines, and blood. Founded in 2011 and headquartered in Half Moon Bay, California, Zipline aims to provide instant access to essential medical products for every individual globally. The company has developed the world's fastest and most reliable delivery drones and operates the largest autonomous logistics network for medical distribution. Its drones are assembled in South San Francisco, while extensive flight testing is conducted in Davis, California. Zipline operates distribution centers worldwide, employing local teams to ensure timely deliveries to hospitals and health centers, particularly in remote areas.

Inter Africa Transport Forex

Acquisition in 2019
Inter Africa Transport Forex is a financial technology company established in 2007 and headquartered in Mauritius. It specializes in providing online payment solutions tailored for the logistics industry, particularly for cross-border transport companies. The company offers a range of payment processing services that facilitate online ordering and payment for various needs, including fuel, cash pay-outs, road tolls, border payments, parking, insurance, and mechanical services. By enabling transport companies to manage their transactions from their offices or homes, Inter Africa Transport Forex streamlines the payment process and enhances operational efficiency within the logistics sector.

Artcaffe

Acquisition in 2018
Artcaffe Coffee & Bakery Ltd operates a chain of full-service establishments that include bakery and coffee shops, as well as bars and casual dining restaurants. Founded in 2008 and based in Nairobi, Kenya, Artcaffe offers a diverse menu featuring artisanal bread, pastries, cakes, food, coffee, and cocktails. The company focuses on creating a unique dining experience, combining quality food and beverages in a welcoming atmosphere.

Maarifa Education

Acquisition in 2015
Maarifa Edu Holdings Limited provides tertiary education in Africa. The company was founded in 2014 and is headquartered in Nairobi, Kenya.

Atlas Bottling Corporation

Private Equity Round in 2014
Atlas Bottling Corporation Sarl, established in 1995 and headquartered in Rouiba, Algeria, is a prominent bottler of carbonated soft drinks. In 1998, the company entered into an exclusive bottling agreement with PepsiCo, enabling it to produce and distribute well-known brands such as Pepsi Cola, Pepsi Max, Mirinda, and 7-Up. Through this partnership, Atlas Bottling has positioned itself as a key player in the Algerian beverage market, focusing on delivering a diverse range of popular soft drink products to consumers.

Java House

Acquisition in 2012
Java House, established in 1999, has grown to operate 54 branches across Nairobi, other regions in Kenya, and Uganda. It is recognized as a popular dining destination for the Kenyan consumer class, offering high-quality, affordable meals and exceptional African-grown coffee. The coffee house caters to business professionals during the day and provides a family-friendly atmosphere for social gatherings in the evenings and on weekends. In addition to its core restaurant offerings, Java House has expanded its brand portfolio to include Planet Yogurt, the first self-serve frozen yogurt chain in Africa, and a pizzeria named 360 Degrees. The menu features a variety of fresh foods, including Kenyan coffees and teas, home-baked bread, and diverse international cuisine, ensuring a unique dining experience for its customers.

IHS Towers

Private Equity Round in 2011
IHS Towers is a mobile telecommunications infrastructure company that operates primarily in Africa, Europe, and the Middle East. Founded in 2001 and headquartered in Lagos, Nigeria, the company provides a comprehensive range of services across the tower value chain, including infrastructure deployment, managed services, and colocation on owned towers. IHS Towers offers various tower sharing options, such as build-to-suit and lease-back arrangements, and engages in the construction of telecommunications networks, which encompasses site acquisition, design, equipment supply, and installation. The company also delivers managed services that involve maintenance, security, and power supply for both its towers and those owned by third parties. With a portfolio of over 23,300 towers across multiple countries, including Nigeria, Cameroon, and Côte d’Ivoire, IHS Towers primarily serves mobile network operators and communication service providers, facilitating wireless voice and data services for end-users.

Finadev

Acquisition in 2010
Finadev is a microfinance investment vehicle launched in 2010 through the acquisition of microfinance institutions (MFIs) in Benin, Chad, and Guinea. Finadev entities provide financial services, in particular loans, primarily to the informal sector. Such services contribute to increased financial inclusion among disadvantaged clients.

Wananchi Group

Private Equity Round in 2009
Wananchi Group Holdings Limited, founded in 2008 and headquartered in Nairobi, Kenya, is a prominent provider of home entertainment and communication services in East Africa. The company serves both residential and corporate customers, offering a range of services that includes high-speed internet via its fiber optic network, DTH satellite pay TV, and original programming for its pay TV channels. In the corporate sector, Wananchi provides voice, video, data, and internet connectivity to enterprises, governments, and media organizations. Additionally, it offers value-added services such as data security, cloud solutions, and web hosting. Wananchi Group is recognized for its commitment to delivering high-quality and affordable services, making it a key player in the region's telecommunications and entertainment industries.

Almes

Private Equity Round in 2009
Almes, a holding company, is an infrastructure and logistics platform.

Shoresal

Private Equity Round in 2009
Founded in 2006, Shoresal is an Algerian real estate development company that intends to capitalize on the unmet need in the Algerian office space market by offering an adaptable space for multinational and local companies, a convenient common space, and several parking lots. The company has acquired the right to develop an international standard level office tower consisting of 4,050 square meters in Bab Ezzouar, a prominent Algiers business district.

Finaccess Group

Private Equity Round in 2009
Finaccess Group is a financial services platform based in Morocco, founded in 1997. The company specializes in outsourcing services, focusing on business process outsourcing and call center operations. By providing financial information and support, Finaccess Group enables businesses to complete tasks efficiently and effectively. Through its services, the company aims to enhance operational productivity for its clients.

Thunnus Overseas Group

Private Equity Round in 2008
Thunnus Overseas Group (TOG) is a tuna processing and distribution group with interests in Côte d’Ivoire, Madagascar, and France. TOG currently processes, packages, and sells canned tuna. TOG owns controlling interests in two tuna processing factories in Côte d’Ivoire (Société de Conserveries de Côte d’Ivoire – SCODI – and Pêche & Froid) and a tuna processing factory in Madagascar (Pêche & Froid Ocean Indien). TOG’s key distribution channels include European grocers, the foodservice industry, and Saupiquet, a third-party producer and subsidiary of the Bolton Group.

Oragroup

Private Equity Round in 2008
Oragroup SA is a banking institution that provides personal and business banking services across West and Central Africa. Founded in 1988 and headquartered in Lomé, Togo, the company operates under the Orabank brand and has a network of 149 branches in 12 countries, including Benin, Gabon, Guinea, Mauritania, and Togo, among others. Its product offerings encompass savings and term deposit accounts, various types of loans, money transfer services, foreign currency exchange, and digital banking solutions. Additionally, Oragroup SA engages in bancassurance and offers insurance products, catering to a diverse clientele throughout the region. The company operates as a subsidiary of ECP Financial Holding LLC.

Salt Investment

Private Equity Round in 2008
Salt Investment is a mining and metals company that produces and commercializes salt.

Eranove

Acquisition in 2008
Eranove SA, formerly known as Finagestion, is a prominent provider of public service management, focusing on electricity and drinking water production in West Africa. The company operates in Côte d’Ivoire, Senegal, and the Democratic Republic of Congo, with a long-standing presence in these regions. Its activities encompass electricity generation through hydroelectric dams and thermal power stations, as well as the transmission and distribution of electricity. Eranove is also involved in the production and distribution of potable water, managing treatment facilities and water transport networks. Additionally, the company addresses sewage and rainwater collection and offers data transmission services through power lines. Eranove is committed to corporate social responsibility, adhering to quality and environmental standards recognized by international certifications. Founded in 2003 and headquartered in Paris, France, Eranove plays a critical role in enhancing access to essential services across its operational territories.

Blue Financial Services

Private Equity Round in 2008
Blue is a micro-finance institution that offers loans and financial services. It also provides SMME Finance, bonded housing finance, education loans, insurance, personal loans, and provident fund.

Société d’Articles Hygiéniques

Private Equity Round in 2008
Société d’Articles Hygiéniques is a consumer goods platform. It distributes hygiene products in Tunisia and Algeria.

Orabank Mauritania

Acquisition in 2008
Orabank Mauritania (formerly BACIM Bank) was set up at the end of 2001 with share capital of 1,000,000,000 ouguiya. Since its acquisition by ECP group this capital has increased continuously, reaching 6,921,350,000 ouguiya in 2012. The bank was recapitalised following the takeover and was renamed 'Orabank Mauritania' on 30 September 2012. 97% of the bank’s share capital is held by ECP and Oragroup SA. Orabank Mauritania has 97 employees and six branches, including three in the capital Nouakchott, one in Nouadhibou (the country’s economic capital), one in Kiffa and one in Néma in the east of the country. Orabank Mauritania is a commercial bank with a customer base made up largely of individuals, self-employed professionals, SMEs, big businesses and local authorities. Thanks to its many banking products, Orabank Mauritania can offer a range of services that have helped it both to retain existing customers and to develop and diversify its customer base. The quality of these services means that the bank can now look to the future with greater confidence.

Cellcom Telecommunications

Private Equity Round in 2008
Cellcom Telecommunication is a telecommunications company based in Montreal,and the largest franchisee of Bell Canada & Bell Mobility.

Oando

Post in 2008
Oando PLC is a prominent integrated energy solutions provider based in Lagos, Nigeria, with operations spanning both domestic and international markets. The company, established in 1956, engages in exploration and production of oil and gas, as well as the supply and trading of a wide range of petroleum products. Through its subsidiaries, including Oando Marketing Limited and Oando Supply & Trading Limited, it offers services such as the retailing of fuels, lubricants, and chemicals, as well as importing and exporting refined petroleum products. Oando also provides logistics services, storage, and tanker-chartering for major oil trading firms, catering to a diverse clientele across Africa, Europe, Asia, and the Americas. The company's strategic focus on supply and trading has made it a key player in the energy sector, contributing significantly to its revenue.

Notore

Acquisition in 2007
Notore Chemical Industries Plc is a leading manufacturer and supplier of nitrogenous fertilizers in Nigeria and Africa. Established in 2005 and based in Onne, Nigeria, the company produces a range of agricultural products, including granular urea, ammonia, and nitrogen, phosphate, and potassium fertilizers. Notore is also involved in marketing farm produce, developing seeds, and operating industrial parks. With a strategic location at the Onne sea port, the company is well-positioned for efficient distribution across the Atlantic coast. Notore emphasizes its commitment to enhancing agricultural productivity by providing education on best farming practices and supporting farming communities. Its operations have positively impacted agricultural yields and improved the livelihoods of millions of farming households in Nigeria.

GAM Assurances

Acquisition in 2007
GENERAL INSURANCE MEDITERRANEAN - GAM Assurances - is an insurance company practicing insurance of damage in the Algerian market. A joint-stock company, GAM Assurances has a share capital of 2,747,500,000.00 DA, 100% owned by the ECP (Emerging Capital Partners) Africa Fund.

OSEAD Maroc Mining

Acquisition in 2007
OSEAD Maroc Mining operates as a metal and mining platform. OSEAD is a holding company specialising in the prospecting, exploration and mining of mineral deposits. OSEAD’s main asset is Compagnie Minière de Touissit the second largest private mining operator in Morocco, which mines primarily lead and silver with some zinc.

Teranga Gold

Acquisition in 2007
Teranga Gold Corporation engages in the exploration, development, production, and sale of gold in West Africa. The company’s flagship project is the Sabodala gold mine covering an area of 291 square kilometers mine license and 629 square kilometers exploration land package located in the Republic of Senegal. The company was incorporated in 2010 and is headquartered in Toronto, Canada.

Mineral Deposits

Post in 2007
Mineral Deposits Limited (ASX: MDL) is an Australian based mining company in the business of mining, integrating and transforming mineral sands resources. MDL has been in the mineral sands industry since the mid-1990s, following its acquisition of the Hawks Nest mineral sands operation. In September 2004, MDL was selected by the Government of the Republic of Senegal to develop the Grande Côte Mineral Sands Project. Following the creation of the TiZir Joint Venture in 2011, MDL has made substantial progress in completing its near-term strategy of becoming an integrated mineral sands producer. As a result, MDL is strongly positioned to grow shareholder value.

Intercontinental Bank

Private Equity Round in 2007
Intercontinental Bank, founded in 1989 and headquartered in Nigeria, is a commercial bank that offers a range of banking and financial services. Following its acquisition by Access Bank in January 2012, it has continued to provide personal, business, corporate, and institutional banking services. These services include mortgage loans, payroll management, institutional financing, commercial insurance, and wealth management solutions, catering to both individuals and business enterprises. The bank operates primarily in Lagos, Nigeria, serving a diverse clientele with tailored financial products.

Wentworth Resources

Private Equity Round in 2007
Wentworth Resources is an independent energy company with gas production and a committed oil and gas exploration programme in the Rovuma Basin of southern Tanzania and northern Mozambique.

MTN Côte d'ivoire

Private Equity Round in 2007
MTN Côte d'Ivoire is a telecommunications company which was founded on 1 July 2005, with the acquisition by the South African group M-Cell, subsequently MTN International, of Loteny Telecom's mobile phone license (Telecel). Since July 2005, pursuant to the terms of the sale agreement, the share capital of MTN is 2,865,000,000 FCFA distributed as follows: 64,67% are held by MTN International and 35,33 by the other shareholders. MTN Côte d'Ivoire's distribution network comprises more than sixty-five thousand points of sale throughout the country. To date, MTN Côte d'Ivoire employs more than 750 people, whose daily efforts harmoniously embrace the main idea that prevailed when the company was founded: "to offer innovative solutions for fixed, mobile and internet communication, simple and accessible to all".

Bank of Africa

Acquisition in 2007
Bank of Africa, founded in Mali in 1982, has grown into a prominent banking group operating in 17 countries across Africa and one in France. The group comprises a network of 15 commercial banks, along with various financial institutions, including a financial corporation, a housing bank, a leasing company, a brokerage firm, two investment companies, and an asset management company. It provides a range of banking services, such as savings and current accounts, loans, insurance, and currency transfers, through branches and subsidiaries in West and East Africa, including countries like Ghana, Mali, Kenya, and Madagascar. Since 2010, Bank of Africa has been majority-owned by BMCE Bank, the second largest private bank in Morocco, which offers significant strategic and operational support, enhancing its access to international markets.

Continental Reinsurance

Private Equity Round in 2007
Continental Reinsurance Plc is a Pan-African reinsurance company headquartered in Lagos, Nigeria, with operations in countries including Cameroon, Kenya, Abidjan, Tunis, and Botswana. Established in 1985, it provides a comprehensive range of life and non-life reinsurance products, including fire, engineering, general accident, marine, aviation, liability, motor, oil and gas, as well as individual and group life insurance. The company also offers advisory services in reinsurance structuring, actuarial and risk management, and product development, along with training programs for clients across various insurance sectors. By serving both individuals and businesses, Continental Reinsurance aims to enhance the insurance landscape in the regions it operates. It is a subsidiary of C-Re Holdings Ltd.

Spencon

Private Equity Round in 2006
Spencon is an East African civil engineering and construction group that provides construction and engineering services for construction of buildings, roads and bridges, power, transmission and water supply infrastructure. The company has operations in Kenya, Uganda, Tanzania and Zambia.

Anvil Mining

Private Equity Round in 2006
Anvil Mining Congo SA explores copper and silver mines. The company owns the Dikulushi copper cobalt project, Kinsevere project, and Mutoshi copper-cobalt project in DRC. The company was formerly known as Australian Gold Development NL. The company was founded in 2002 and is based in Lubumbashi, Democratic Republic of the Congo

Semme Mineral Water

Acquisition in 2006
Semme Mineral Water Plc is a producer and distributor of mineral water based in Limbe, Cameroon. The company specializes in sourcing mineral water from the Etindé Mountain spring and distributes this product throughout central Africa. Semme Mineral Water offers its bottled water in various sizes, including 1.5-litre and 0.5-litre options, catering to different consumer needs in the region.

Kosan Crisplant

Acquisition in 2005
Kosan Crisplant a/s, based in Aarhus, Denmark, specializes in manufacturing and supplying equipment and systems for the filling and maintenance of liquefied petroleum (LP) gas cylinders. The company offers a comprehensive range of products, including cylinder handling and transport equipment, filling and checking systems, as well as reconditioning and finishing tools. Additionally, it provides solutions for storage, piping installation, and electrical systems, alongside spare parts and service support. Kosan Crisplant also offers engineering services, project management, and facility management, catering to a diverse clientele across various countries, including Algeria, Brazil, and the United States. Founded in 1951 and previously known as Kosan Crisplant LPG, the company has evolved to include third-party components for LNG and cryogenic applications, reinforcing its position in the global gas industry. It has been operating as a subsidiary of Al Ayuni Investment and Contracting Company since 2015.

Central Africa Health Care Holdings

Acquisition in 2005
Central Africa Health Care Holdings Ltd. operates as a holding company with interest in providing pharmaceutical and healthcare services. It has investments in healthcare and drug manufacturing. The company was incorporated in July 2004 and is headquartered in Cameroon, Nigeria.

Starcomms

Venture Round in 2005
Starcomms offers advanced wireless digital services to metropolitan Lagos. The company’s Voice division covers mobile and fixed services, including prepaid and postpaid; Data segment includes mobile and fixed broadband and internet services; Enterprise Solutions segment covers Virtual Private Network (VPN), bulk short message service (SMS), call conferencing and E1 trunks, among others; Value added services division includes voice SMS, Funbox, Wireless Access Protocol (WAP), Africhat, Afritalk, and Starcomms social network services. The Company is active on the territory of Nigeria.
Société Internationale de Plantations d'Hévéas cultivates, harvests, processes, and markets natural rubber primarily for the tire industry. The company operates extensive rubber plantations across West Africa, with 22,564 hectares in Ivory Coast, 14,735 hectares in Ghana, 14,060 hectares in Nigeria, and 5,809 hectares in Liberia. Founded in 1905, it is headquartered in Courbevoie, France, and its products are marketed not only in Africa but also in Europe, Asia, North America, and South Africa. As of December 2019, Société Internationale de Plantations d'Hévéas operates as a subsidiary of Compagnie Financière Michelin SCmA.

DP World Sokhna

Private Equity Round in 2005
DP World Sokhna operates the Sokhna Port in Egypt and plays a crucial role in handling maritime traffic to and from the region. The port features a variety of facilities, including a container terminal, general cargo and Ro-Ro terminal, bulk terminal, and livestock terminal. In addition to its port operations, the company offers a range of logistics and warehousing services. These services encompass packing and labeling, distribution, handling of returned products and repairs, customer service, final assembly, invoicing, blending, quality control, and sterilization. DP World Sokhna facilitates the efficient transportation of bulk materials across Africa and parts of Europe, contributing to the region's economic development.

Airtel Gabon

Acquisition in 2005
Airtel Gabon is a mobile telephone operator.

Veolia

Private Equity Round in 2005
Veolia Water Maroc is focused on the optimized resource management and develops water, waste, and energy management solutions. Veolia Water Maroc is a sub organization of Veolia. Veolia Water Maroc was founded in 2003 and is based in Marrakesh, Morocco.

Batim Africa

Private Equity Round in 2004
BATIM Africa engages in the land development and construction of housing facilities primarily in Côte d'Ivoire, Mali, and Angola. The company was founded in 1989 and is based in Abidjan, Ivory Coast.

Charaf

Private Equity Round in 2003
Charaf Corporation is a Moroccan company based in Casablanca that specializes in the production, packaging, and distribution of customized fertilizers. Established in 1989, the company offers a diverse range of products, including nitrogenous, liquid, and soluble fertilizers, as well as organic growth stimulants and animal feeds. Charaf Corporation serves customers across Morocco, providing tailored plant nutrition solutions to meet various agricultural needs.

Somdiaa

Private Equity Round in 2003
SOMDIAA manufactures and markets agro-food commodities in Africa.It offers brown, golden, white, crystallized, and tip-top refined sugars; sugar by-products, such as bagasse and molasses; wheat, bread, doughnut, Viennese pastry, and household flours, as well as bakery products; eggs and chicks; and animal feed. The company was founded in 1970 and is headquartered in Paris, France. It has operations in Cameroon, Gabon, Congo, Ivory Coast, Chad, and the Central African Republic.

Djezzy

Private Equity Round in 2002
Djezzy provides wireless communication services in Algeria and internationally. It offers entertainment and multimedia, voice, messaging, invoice and reloading, and directory services. The company also provides data, mail and mobility, voicemail, call forwarding, hidden call, conference calling, and roaming services.

PanAfrican Energy

Private Equity Round in 2000
PanAfrican Energy Tanzania Limited, founded in 1991 and based in Dar es Salaam, is Tanzania's first natural gas producer. The company plays a crucial role in the country's energy landscape by supplying natural gas primarily for power generation at the Ubungo Power Plant. It also serves 38 industrial and commercial customers in the Dar es Salaam area, helping to reduce their operating costs and promote industrial growth. PanAfrican Energy has been instrumental in the development of the Songo Songo gas field, having restored production wells and constructed necessary infrastructure since the early 2000s. The company continues to invest in maintaining production levels through new well drilling and seismic exploration to enhance reserves. In addition to its business activities, PanAfrican Energy is committed to corporate social responsibility, supporting youth education and training programs in local communities, which earned recognition from the Tanzanian government. It employs approximately 80 Tanzanians and prioritizes the use of local suppliers for its services. PanAfrican Energy operates as a subsidiary of Orca Exploration Group Inc.

Celtel International

Private Equity Round in 2000
Celtel was a telecommunications company that operated in several African countries. It was founded by Sudanese-born Mo Ibrahim.

Foxtrot International

Private Equity Round in 1999
Foxtrot International is an industrial company in the energy sector that specializes in the exploration and production of gas, oil, and their by-products. Foxtrot International has been working in the Gulf of Guinea for more than ten years and is now the Ivory Coast's leading partner in the operation of hydrocarbon fields in Block CI-27.

Ecobank

Private Equity Round in 1999
Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, is a banking institution that provides a comprehensive range of retail, corporate, and investment banking services across Africa and internationally. The bank operates through three main segments: Corporate & Investment Banking, Commercial Banking, and Consumer Banking. Its offerings include various account types, personal and asset acquisition loans, mortgages, and payment cards, along with internet and mobile banking services. Additionally, Ecobank provides bancassurance, remittances, foreign exchange, trade finance, and cash management services. The bank serves a diverse clientele, including individuals, multinationals, government agencies, and small to medium-sized enterprises. With a network of 888 branches and over 2,460 ATMs, Ecobank has positioned itself as a key player in the West African banking sector, addressing the needs of a region previously dominated by foreign and state-owned banks.
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