M&A Deal Summary

Africinvest Acquires Cogitel

On January 1, 1998, growth capital firm Africinvest acquired packaging company Cogitel for 2M USD

Acquisition Highlights
  • This is Africinvest’s 1st transaction in the Packaging sector.
  • This is Africinvest’s largest (disclosed) transaction.
  • This is Africinvest’s 1st transaction in Tunisia.
Investment Fate
  • Cogitel was sold to a strategic buyer in 2006.

M&A Deal Summary
Date 1998-01-01
Target Cogitel
Sector Packaging
Buyer(s) Africinvest
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 2M USD

Target

Cogitel

Les Berges du Lac, Tunisia
COMPTOIR GENERAL D’IMPRESSION ET DE TRAITEMENT DES EMBALLAGES “COGITEL” was created in 1985 by Mr. Hédi ZGHAL. It is specialized in the manufacture of flexible packaging that is mainly destined to the food industry. Its largest clients are makers of pasta, biscuits, ice cream, yogurt etc. Since its creation, the company has opted for the manufacturing process called helio-engraving, which is generally used for large series. This process insures constant good quality products. COGITEL obtained the ISO 9002 certification and has continued to improve the quality of its products and services. The company is the leader in its sector in Tunisia.

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Buyer(S) 1

Buyer

Africinvest

Tunis, Tunisia

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1994
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Africinvest is a private equity firm focused on growth investments in African companies. The Firm generally targets minority investments in small to medium-sized companies, but Africinvest will consider select majority situations. Africinvest does not have any sector preferences and looks to hold for 4 to 6 years. Africinvest was formed in 1994 and is headquartered in Tunis, Tunisia.

DEAL STATS #
Overall 1 of 54
Sector (Packaging) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 10
Country (Tunisia) 1 of 2
Year (1998) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-01 Matel B.V.

Morocco

Matel B.V. is a largest computer hardware distributor.

Sell -
Mergr

Product

Company

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