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Press Release 1 minute to read

Lancement du Fonds Cauris Croissance II (FCC II)

In October 2010, Cauris Management launched a new fund with a target of 39.4bn FCFA (€60m). This new fund, named Cauris Growth Fund II (FCC II), completed its first closing on October 5, 2010, raising 29.5bn FCFA (€45m)…

CAURIS CROISSANCE II FUND (FCC II)

In October 2010, Cauris Management launched a new fund with a target of 39.4bn FCFA (€60m). This new fund, named Cauris Growth Fund II (FCC II), completed its first closing on October 5, 2010, raising 29.5bn FCFA (€45m) toward its target of 39.4bn FCFA (€60m) 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 2bn FCFA (€3m).

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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  1. West and Central Africafor the country of the head office; Nigeria remains outside our scope
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