Emerging Capital Partners

ECP is a private equity group dedicated to investing in Africa. They are a pan-African private equity firm that has raised over US$2 billion for investment across the African continent, including the Francophone regions. They have put their investors’ capital to work in over 40 countries in all major regions of the continent, directly supporting over 50,000 jobs.
RB

Rudolph Bella

Director

Carolyn Campbell

COO

Hurley Doddy

Co-CEO

Bryce Fort

MD

Vincent Le Guennou

Co-CEO

Brice Lodugnon

MD

Paul Maasdorp

MD

RV

Renschke Volschenk

Director

Past deals in Senegal

eranove SA

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.

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.

eranove SA

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.
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.

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.

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.

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".

Zipline Inc.

Series E in 2021
Zipline Inc. designs and manufactures drones that are used to deliver medical supplies. Its drones deliver medical products, such as vaccines, medicines, and blood. Zipline Inc. was founded in 2011 and is based in Half Moon Bay, California.

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.

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.

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.

IHS Netherlands HoldCo B.V.

Private Equity Round in 2011
IHS Netherlands Holdco B.V., together with its subsidiaries, owns and operates telecommunications infrastructure in Nigeria. The company also provides telecommunications infrastructure services, as well as managed services, such as maintenance, security, and power supply for towers owned by third parties. It serves mobile network operators and other communication service providers. The company was incorporated in 2016 and is based in the Hague, the Netherlands. IHS Netherlands Holdco B.V. is a subsidiary of IHS Netherlands (Interco) Coöperatief U.A.

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.

PanAfrican Energy

Private Equity Round in 2000
PanAfrican Energy Tanzania Limited produces natural gas for power generation. The company was founded in 1991 and is based in Dar es Salaam, Tanzania. PanAfrican Energy Tanzania Limited operates as a subsidiary of Orca Exploration Group Inc.

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.

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.

Wananchi Business Services

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.

Blue Financial Services Limited

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.

Veolia Water Maroc

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.

Salt Investment

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

Oando

Post in 2008
Oando Marketing Limited retails oil and gas products. The company owns and operates retail outlets and stations that offer gasoline, diesel, dual purpose kerosene, aviation turbine kerosene, lubricating oils and greases, insecticides, bitumen, chemicals, and liquefied petroleum gas. The company is based in Lagos, Nigeria. Oando Marketing Limited is a subsidiary of Oando PLC.

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.

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.

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.

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.

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.

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.

Almes

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

Atlas Bottling Corporation Sarl

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.

Maarifa Edu Holdings Limited

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

Semme Mineral Water Plc

Acquisition in 2006
Semme Mineral Water Plc engages in collecting mineral water from the Etindé Mountain spring and distributing the water in central Africa. The company is based in Limbe, Cameroon.

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.

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.

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.

Ecobank Transnational

Private Equity Round in 1999
Ecobank Transnational Incorporated (ETI), a public limited liability company, was established as a bank holding company in 1985 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.

Airtel Gabon

Acquisition in 2005
Airtel Gabon is a mobile telephone operator.

Spencon Holdings Limited

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.

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.
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.

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.

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.

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.

Finaccess Group

Private Equity Round in 2009
Finaccess Group is a financial services platform. It was founded in 1997 and is headquartered in Morocco.

Artcaffe

Acquisition in 2018
Artcaffe Coffee & Bakery Ltd operates a chain of full service bakery and coffee shops. It offers artisanal bread, pastries, cakes, food, coffee, and cocktails. It also operates bar, sushi, and casual dining restaurants. The company was founded in 2008 and is based in Nairobi, Kenya.

Notore Chemical Industries Plc

Acquisition in 2007
Notore Chemical Industries Plc manufactures and sells nitrogenous fertilizers and substances to enhance the fertility of soil and water in Nigeria and internationally. It offers granular urea; nitrogen, phosphate, and potassium fertilizers; and ammonia. The company also markets farm produces; develops and markets seeds; and develops and operates industrial parks. In addition, it generates, distributes, and sells power. The company was incorporated in 2005 and is based in Onne, Nigeria.

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.

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.

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

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.

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.