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DFC invests US$55m in AfricInvest Fund and SPE Capital

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The U.S. International Development Finance Corporation (DFC) has approved an investment in SPE AIF LP, a private equity fund managed by SPE Capital and an investment in the AfricInvest Fund IV.

To boost key industries across Africa, an investment of up to US$25 million will support SPE AIF I LP, a fund which will invest in businesses in key industries across North and Sub-Saharan Africa.

The fund will focus on businesses expanding access to healthcare and education, strengthening supply chains, and streamlining logistics.

To expand access to highly impactful products and services across Africa, an invetment of up to US$30 million in AfricInvest Fund IV will support businesses in highly developmental sectors such as healthcare and financial services across Cote d’Ivoire, Kenya, Nigeria, Egypt, and other African countries.

The fund’s investments will help expand access to particularly impactful products and services in communities where their availability is limited.

SPE Capital is a boutique private equity firm formed in 2016 from a spinout from Swicorp, a leading regional investment banking firm. The SPE Capital team has invested over US$500m since 2005, across Africa and the Middle East (MEA).

It is led by an experienced investment team, with a combined experience of more than 50 years investing in growth companies. It exists  in over 10 countries with over 30 market and over 20  investment in the MEA region.

AfricInvest was founded in 1994 and is part of Integra Group, an investment and financial services company based in Tunisia.Uniquely positioned as one of the most experienced private equity investors on the continent, AfricInvest has dedicated investment teams focused on Africa, and employs 70 professionals based in nine offices.

AfricInvest manages US$1.25b billion across 18 funds and benefits from strong, long-term support from both local and international investors, including leading development finance institutions in the United States and Europe.

Having co-founded the African Venture Capital Association (AVCA) as well as the Middle East North Africa Private Equity Association (MENAPEA) and the Euromed Capital Forum, the firm is an active promotor of the private equity industry in the region.

Since 1994, AfricInvest has invested in 140 companies across 25 African countries in a variety of high growth sectors and maintains a broad network of high quality executives across Africa, offering extensive expertise in key growth industries, including financial services, agribusiness, consumer/retail, education and healthcare.

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