We take stakes in SMEs and industrial SMEs that already have several closed financial years, to finance equipment, a subsidiary, an acquisition or a new offer. Our funds supported, among others, Azalaï Hotels, from Mali into four countries, then through its regional expansion.
We provide equity or quasi-equity to a company that already has a track record, to finance a project it cannot carry through borrowing alone. We take a minority stake and sit on its board, alongside the management team.
The projects we finance most often: the purchase of industrial or technological equipment, the launch of a new offer, opening a subsidiary in another country of West or Central Africa, the acquisition of a competitor.
The equity we provide gives the company a sounder balance sheet to present to its banks; we then help it negotiate the additional financing. This support is set out in detail in our role as a growth accelerator.
We open growth capital to companies that already have several closed financial years; venture capital finances a creation or the first years.
A hotel group backed by two of our successive funds, and a fuel distributor supported through to the exit.
With Cauris Investissement, then the Cauris Croissance II Fund
With the Cauris Croissance Fund
Before investing, our investment officers check four points, on top of the three review conditions common to all our business lines.
The last three balance sheets and income statements, showing an established and, preferably, profitable business.
The amount to be invested, its use and the expected effect on revenue and margins, in a business plan over three to five years.
An active board, specialised committees and regular reporting, in line with our approach to governance.
A minority stake for our funds, a shareholders’ agreement and an exit prepared from the day we come in.
From the first meeting to the sale of our stake, we lead every stage with the management team.
Accounts, market, position against the competition.
Valuation, amount, instruments, shareholders’ agreement.
Board, committees, steering indicators.
Investment follow-up, banking relationships, regional network.
Our published holdings cover these sectors; we also study projects in other sectors in the WAEMU and in French-speaking Africa.
In the questionnaire, choose « Finance growth » at the first step, then give the figures of your last closed financial year.
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