Emerging Capital Partners

Emerging Capital Partners is a private equity and venture capital firm established in 2000, headquartered in Washington, D.C., with additional offices in Abidjan, Johannesburg, Nairobi, and Paris. The firm specializes in a wide range of investment strategies, including seed, startup, growth capital, buyouts, and mezzanine investments, primarily targeting middle-market companies. Emerging Capital Partners focuses on various sectors, notably infrastructure, financial services, telecommunications, natural resources, agribusiness, and logistics, among others. The firm's investment approach emphasizes the African continent, with particular interest in countries such as Turkey, Egypt, Morocco, Kenya, Nigeria, and South Africa. It typically invests between $1 million and $100 million in companies with enterprise values ranging from $1 million to $500 million, seeking both majority and minority stakes in its portfolio.

Fort, Bryce L.

Managing Director

50 past transactions

Allego

Post in 2022
Allego delivers charging solutions for electric cars, motors, buses and trucks, for consumers, businesses and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future.

Eranove

Venture Round in 2021
Formerly known as Finagestion, the Eranove Group is a leading player in public service management and electricity and drinking water production in West Africa. The Group has been operating in Côte d’Ivoire (SODECI, CIE, CIPREL and AWALE) for several decades, in Senegal (SDE) since 1996 and in the Democratic Republic of Congo, via a service contract with REGIDESO, since 2012. The Group and its subsidiaries are fully committed to all aspects of Corporate Social Responsibility (CSR) in meeting with quality, safety and environmental standards according to ISO 9001, OHSAS 18001 and ISO 140001 certification standards.

Zipline

Series E in 2021
Zipline is a California-based automated logistics company that designs, manufactures, and operates drones to deliver vital medical products. Zipline's mission is to provide every human on Earth with instant access to vital medical supplies. In 2014, Zipline was created to deliver medicine to those who needed it. Since then, the company has built a quick delivery drone and an autonomous logistics network. Zipline designs and tests its technology in Half Moon Bay, California. The company assembles the drones and the technology that powers their distribution.

Inter Africa Transport Forex

Acquisition in 2019
Transport Forex is an online Financial Technology Company in Logistics Industry that provides online payment solutions to Transport Companies, especially Cross-Border Transport Companies to order all en route products and services online from the comfort of their office / home.

Artcaffe

Acquisition in 2018
Artcaffe is a full service bakery, coffee shop, bar and casual dining restaurant.

Maarifa Education Holdings

Acquisition in 2015
Maarifa is a private tertiary education holding company founded by its management team with capital from ECP. Together, ECP and Maarifa management own 100% of Maarifa. Maarifa’s vision is to build a world-class, Pan-African education company that provides high-quality, market-relevant tertiary education to more than one million Africans over the course of the next 30 years. As of 2016, Maarifa had invested in two universities in Africa (in Uganda and Zambia), with total enrollments of around 6,000 students. Maarifa is led by a management team with deep experience in and passion for tertiary education. Collectively, Maarifa’s senior management team and operating partners have decades of education experience with global education institutions such as Latimer Education, Strayer University, Alliant University, and Laureate Education, where they have worked in various roles in strategy, operations, enrollment management, business development, marketing, and real estate development.

Atlas Bottling Corporation

Private Equity Round in 2014
Atlas Bottling Corporation (ABC) is a leading bottler of carbonated soft drinks (CSDs) in Algeria. Founded in 1995, the company signed an exclusive bottling agreement with PepsiCo in 1998 and has grown to become one of Algeria’s leading beverage players with a portfolio of global brands including Pepsi Cola, Pepsi Max, Mirinda, and 7-Up.

Java House

Acquisition in 2012
Java House (formerly known as Nairobi Java House) launched operations in 1999 and has since expanded to 54 branches as of November 2016 throughout Nairobi, elsewhere in Kenya, and in Uganda. For Kenya’s consumer class, Java House represents a high-quality, affordable restaurant destination with exceptional African-grown coffee and a full menu of international cuisine. By day, it is frequented by business professionals; by night and during the weekends, friends and family gather to socialize and dine in the unique family-friendly ambiance. In addition to the casual dining restaurant brand, the company has also launched Planet Yogurt, the first self-serve frozen yogurt brand in Africa, and, more recently, a Nairobi-based pizzeria called 360 Degrees.

IHS Towers

Private Equity Round in 2011
IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count and is solely focused on the emerging markets. The Company has over 40,000 towers across its 11 markets, including Brazil, Cameroon, Colombia, Côte d’Ivoire, Egypt, Kuwait, Nigeria, Peru, Rwanda, South Africa and Zambia.

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
Established in 2008, the Wananchi Group Holdings (Wananchi) is East Africa's leading home entertainment operator.And a serious player in the corporate communications market too. It takes it's name and underlying ethos from the former Wananchi Online, which was committed to servicing the emerging African mass consumer market through provision of high quality yet affordable home internet services. Today It is a fully vertically integrated media and telecoms company consisting of several business divisions providing a unique set of services in the markets which are operated.

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. It was founded in 1997 and is headquartered in Morocco.

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 SA

Private Equity Round in 2008
Oragroup SA provides personal and business banking services. Orabank is present in 12 countries in West and Central Africa. Indeed, to the countries of historical presence - Benin, Gabon, Guinea, Mauritania, Togo, Togo - were added six new countries following the takeover, with the West African Development Bank (BOAD) Ex-network of Regional Solidarity Banks (BRS) - Burkina Faso, Côte d'Ivoire, Guinea Bissau, Mali, Niger, Senegal.

Eranove

Acquisition in 2008
Formerly known as Finagestion, the Eranove Group is a leading player in public service management and electricity and drinking water production in West Africa. The Group has been operating in Côte d’Ivoire (SODECI, CIE, CIPREL and AWALE) for several decades, in Senegal (SDE) since 1996 and in the Democratic Republic of Congo, via a service contract with REGIDESO, since 2012. The Group and its subsidiaries are fully committed to all aspects of Corporate Social Responsibility (CSR) in meeting with quality, safety and environmental standards according to ISO 9001, OHSAS 18001 and ISO 140001 certification standards.

Salt Investment

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

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 one of Africa’s largest integrated energy solutions providers with a proud heritage. It has a primary listing on the Nigerian Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. With shared values of Teamwork, Respect, Integrity, Passion and Professionalism (TRIPP), the Oando Group comprises six companies who are leaders in their market:

Notore

Acquisition in 2007
Notore is a fertilizer and agro allied company in Africa. Notore Chemical Industries Plc (Notore) is one of the leading fertiliser and agro-allied companies in Africa. Our principal activities include the supply of premium fertilisers, appropriate education on best practices for farming and proper deployment of these practices for optimum results. We have built a robust network of professionals that support farmers and farming communities across Nigeria. Notore operates the premier fertiliser plant in Sub-Saharan Africa thus placing us in a strategic position for championing the African Green Revolution. We also produce Ammonia and have the capability to produce NPKfertiliser. The Notore plant is strategically located at Onne sea port in the Niger Delta region of Nigeria. Therefore our products are well positioned for effective shipment and distribution across the Atlantic coast. Our operations in recent years have begun to impact positively on agricultural yields while ensuring improved standard of living for the estimated 14million farming households in

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 is a Canadian-based gold company listed on the Toronto Stock Exchange (TSX:TGZ) and Australian Securities Exchange (ASX:TGZ). Teranga is principally engaged in the production and sale of gold, as well as related activities such as exploration and mine development in Senegal , West Africa .

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 is a commercial bank platform founded in 1989 and is headquartered in Nigeria. It provides banking and financial services. Intercontinental Bank was acquired by Access Bank as of January 31, 2012.

Bank of Africa Group

Acquisition in 2007
The story of the BANK OF AFRICA Group began in Mali in 1982, with the first BANK OF AFRICA, which was created with almost no external help. Today, the BANK OF AFRICA Group is established in 17 countries. There are: - Eight BOA banks in West Africa (Benin, Burkina Faso, Côte d’Ivoire, Ghana, Mali, Niger, Togo and Senegal) - Seven BOA banks in East Africa and the Indian Ocean (Burundi, Djibouti, Ethiopia, Kenya, Madagascar, Tanzania and Uganda) - One in the Democratic Republic of the Congo - And also one in France, across a network of 15 commercial banks, one financial corporation, one banque de l’habitat, one leasing company, one brokerage firm, two investment companies, one asset management company and one Group representative office in Paris. Since 2010, the BANK OF AFRICA Group has been majority-owned by BMCE Bank, the second largest private bank in Morocco. BMCE Bank brings strong strategic and operational support to the BANK OF AFRICA Group, as well as direct access to the international market as a result of its presence in Europe and Asia.

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 Cote 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".

Continental Reinsurance

Private Equity Round in 2007
Continental Reinsurance is a Pan-African service re-insurer offering a full suite of non-life and life reinsurance products in Nigeria, Cameroon, Abidjan, Tunis, Gaborone, and Kenya. It underwrites fire and engineering, general accident, motor and liability, marine and aviation, oil and gas, individual and group life, and energy products.

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 engages in collecting mineral water from the Etindé Mountain spring and distributing the water in central Africa. The company is based in Limbe, Cameroon.

Kosan Crisplant

Acquisition in 2005
Kosan Crisplant manufactures and supplies equipment, plants, and systems for the filling and maintenance of LP gas cylinders. It offers cylinder handling and transport, filling, checking, preparation, reconditioning, and finishing equipment, as well as storage and piping installation products, and electrical installations and data network products. The company also provides spare parts, service and training, engineering, supervision of installations, software, project management, consultancy services, after-sales, and facility management.

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.
Société Internationale de Plantations d'Hévéas produces and markets natural rubber for tire manufacturers in Africa and France. It operates an area of 22,564 hectares of rubber plantations in Ivory Coast; 14,735 hectares of rubber plantations in Ghana; 14,060 hectares of rubber plantations in Nigeria; and 5,809 hectares of rubber plantations in Liberia. The company was founded in 1905 and is based in Courbevoie, France.

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.

DP World Sokhna

Private Equity Round in 2005
DP World Sokhna operates the Sokhna Port in Egypt. The company handles maritime traffic into and out of Egypt. Its facilities include a container terminal, a general cargo/Ro-Ro terminal, a bulk terminal, and a livestock terminal. The company offers logistics and warehousing services, including packing and labeling, distribution, handling returned products and repairs, customer service, final assembly and customer invoicing, blending and mixing, quality control, and testing and sterilizing; and clearance and distribution services.

Airtel Gabon

Acquisition in 2005
Airtel Gabon is a mobile telephone operator.

Veolia Water Maroc

Private Equity Round in 2005
Veolia Water Maroc optimize resources management. They designs and provides water, waste and energy management solutions which contribute to the development of communities and industries. Veolia helps to develop access to resources, preserve available resources, and to replenish them.

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 Corporation

Private Equity Round in 2003
Charaf Corporation produces, packages, and distributes customized fertilizers in Morocco. The company makes nitrogenous, liquid and soluble fertilizers as well as organic growth stimulants and animal feeds. Charaf Corporation was founded in 1989 and is based in Casablanca, Morocco.

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 is Tanzania’s first natural gas producer – supplying gas for power generation at the Ubungo Power Plant in Dar es Salaam. PanAfrican Energy also supplies natural gas to 38 industrial and commercial customers in the Dar es Salaam area reducing their operating costs and contributing to Tanzania’s industrial growth. In addition, the company supplies Compressed Natural Gas (CNG) for use in vehicles. PanAfrican Energy (and its predecessor companies) have been active in planning the development of Tanzania’s Songo Songo gas field since 1991. Much of the first decade was used to evaluate existing non-producing wells, find partners, secure financing and negotiate a Production Sharing Agreement (PSA) with the Government of Tanzania. By 2001 all agreements were in place and work began to bring Tanzania’s first natural gas field into production. PanAfrican Energy and other partners in the development of Songo Songo began the job of restoring wells to be production ready, designing and constructing processing facilities and constructing a marine and land pipeline to ship natural gas to Dar es Salaam. The first gas used to generate power at the Ubungo Power Plant was received in Dar es Salaam in July 2004 and PanAfrican Energy has continued to produce and supply gas since that date. PanAfrican Energy has continued to invest in the development of Songo Songo and has drilled two new wells to maintain production. PanAfrican has also conducted seismic exploration work to identify potential new well locations and to increase reserves that will extend the life of the Songo Songo gas field. Giving back, particularly to the people in areas where the company has activities, is a fundamental PanAfrican Energy principle. The company financially supports a wide range of youth education and teacher training program on Songo Songo Island and in the Kilwa District. In August 2013 PanAfrican’s corporate social programs were recognized with a Presidential Award from His Excellency Jakaya Kikwete for the best oil and gas company corporate social responsibility programs in Tanzania. PanAfrican Energy is a wholly owned subsidiary of Orca Exploration Group Inc (an investor owned public company). PanAfrican directly employs approximately 80 Tanzanians and makes extensive use of local Tanzania suppliers of services.

CELTEL International B.V

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 (ETI), a public limited liability company under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980’s foreign and state-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were a rarity. Its founders created ETI with the objective of filling this vacuum. The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI. In October 1985, ETI was incorporated with authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS. Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988.
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