Lancement du Fonds Cauris Croissance II (FCC II)

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CAURIS CROISSANCE II FUND (FCC II)

In October 2010, Cauris Management launched a new fund with a target of 60 million euros (39.4 billion CFA francs). This new fund, named Cauris Growth Fund II (FCC II), completed its first closing on October 5, 2010, raising 45 million euros (29.5 billion CFA francs) toward its target of 60 million euros (39.4 billion CFA francs) to be reached in 2011

FCC II: New Investors Join Cauris Management

FCC II is the third fund managed by Cauris Management, following Cauris Investissement, established in 1995, and Cauris Croissance I in 2006. Renowned subregional and international investors have renewed their confidence in Cauris Management, including: BOAD and the Bank of Africa Group (BOA), which are present in all funds managed by Cauris Management; FMO (Netherlands), PROPARCO (France), and GTA-C2A Vie (Togo), which are participating in two out of three funds under management; CDC (United Kingdom), BIO (Belgium), and OIKOCREDIT (Netherlands). The new investors have demonstrated their confidence in Cauris Management, a private equity firm in West Africa.

FCC II for Regional Companie

In line with Cauris Management’s investment strategy, FCC II focuses on companies with a regional development strategy and aims to acquire minority but significant stakes in fast-growing SMEs and small-to-medium-sized industrial companies through equity or quasi-equity investments, particularly convertible debt. FCC II is a general-purpose fund whose primary target sectors include manufacturing, agri-food, retail, banking, insurance, logistics, hospitality, telecommunications, hydrocarbons, agribusiness, and the pharmaceutical industry. The average investment size is expected to be 3 million euros (2 billion CFA francs).

With FCC II, Cauris Management is expanding its scope of operations to all West African countries except Nigeria; the subregional model launched with the first two funds under management across the eight WAEMU countries (Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal, and Togo) has demonstrated its economic viability by financing more than 40 companies in seven countries over the past 15 years.

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