Print

Expansion Capital - North Africa

This core business manages more than €150 million on behalf of well-known French and foreign investors. The investment teams are based in Paris, Casablanca, Cairo and Tunis, and are currently investing via the SGAM AI Kantara Fund, which was raised in 2007.

Investment strategy

  • Expansion capital / capital transmission transactions involving medium-sized companies in the Maghreb countries (Morocco, Algeria and Tunisia) and in the Mashreq countries (Egypt, Lebanon and Jordan);

  • Working as an active shareholder, either individually or alongside other investors, with company managers to assist with their growth and development plans;

  • Individual equity holdings of between €5 million and €15 million.

Examples of investments made

  • Ophalia Pharma – A Tunisian company specialised in the production and export of generic medicaments (www.opaliapharma.com)

  • Emteyco – A Moroccan company specialised in the manufacture of metal masts for electricity and telecommunication networks.

  • Oksa – A Moroccan electronics company specialised in optimising the performance of medium- and low-voltage electricity networks (www.oksamaroc.com)

Contacts

Contact Paris

  • Fabrice Callet - Managing Partner (Emerging Markets Group)

    11 years experience in private equity.
    Tel: +33 1 56 37 88 11
    Email: fabrice.callet@sgam.com
  • Andrew Brown - Chief Investment Officer, Partner (North Africa)

    12 years experience in private equity in emerging countries (Africa).
    Tel: +33 1 56 373308
    Email: andrew.brown@sgam.com

Contact Cairo

  • Rafik Dalala - Director

    10 years experience in expansion capital and investment banking.
    Tel: +202 27 92 7057
    Email: rafik.dalala@sgam.com

Contact Casablanca

  • Anas Guennoun - Director

    10 years experience in expansion capital and investment banking.
    Tel: +212 5 22 79 08 02
    Email: anas.guennoun@sgam.com

Contact Tunis

  • Adel Goucha - Director

    10 years experience in expansion capital and investment banking.
    Tel: + 216 71 901 222
    Email: adel.goucha@sgam.com