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.