Investment Summary

Africinvest Invests In Elephant Group

On March 19, 2015, growth capital firm Africinvest invested in agriculture company Elephant Group

Investment Highlights
  • This is Africinvest’s 1st transaction in the Agriculture sector.
  • This is Africinvest’s 2nd transaction in Nigeria.

Investment Summary

Date 2015-03-19
Target Elephant Group
Sector Agriculture
Investor(s) Africinvest
Deal Type Stake Purchase

Target

Elephant Group

Lagos, Nigeria
Elephant Group is an importer of agro-commodities in Nigeria. It currently imports, markets and distributes rice and fertilizer in the country. Elephant Group is based in Lagos, Nigeria.

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Investor(S) 1

Investor

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 10 of 54
Sector (Agriculture) 1 of 1
Type (Stake Purchase) 2 of 9
Country (Nigeria) 2 of 6
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-08 AXA Mansard

Lagos, Nigeria

AXA Mansard is a private limited liability company and is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM). AXA Mansard products range from Life to Property and Casualty for individuals, commercial solutions for SMEs and corporate organizations. AXA Mansard was founded in 1989 and is based in Lagos, Nigeria.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-06 UAP Holdings

Nairobi, Kenya

UAP Holdings is one of the composite insurance and financial services companies in East Africa, with headquarters in Nairobi and a network of branches spread across Kenya, Uganda and Southern Sudan.

Sell -