Cauris Management has signed a partnership agreement with the Regional Stock Exchange (BRVM) that will enable the two institutions to pool their experience and combine their expertise in financing SMEs and high-growth companies, as well as in creating a new investment fund dedicated to SMEs. Indeed, access to financing remains a major challenge for SMEs in the WAEMU region.
Commenting on the signing ceremony, Yawo Noël Z. Eklo, CEO of Cauris Management, stated that “contrary to certain misconceptions, the stock exchange is a platform where private equity funds can sell securities in their portfolios while achieving strong returns. Statistics show that IPOs in recent years have been fully subscribed and that investment funds have achieved strong investment multiples.”
Cauris Management, one of West Africa’s leading private equity fund management firms, has been active for over 18 years in Ivory Coast and other West African countries. It provides equity and quasi-equity financing to start-up or growing SMEs through various financial instruments, including shares, convertible bonds, shareholder current accounts, and more. Shareholders in the funds under management include prestigious investors such as international and regional institutions including BOAD, Proparco, Oiko Credit, IFC, AfDB, CDC, FMO, BIO, and EIB subregional commercial banks such as BOA, BACI, CBAO, and BTD; and insurance companies such as GTA-C2A and COLINA.