Siparex-managed Franco-Tunisian fund holds €20m first close

Managed by private equity firms Siparex and Africinvest, FCFT has a 10-year lifespan.

Siparex already manages several geography-focused funds. The VC has recently been active deploying capital via its Rhône-Alpes fund family, with investments in hygiene products developer Labojal and roofing and steel cladding manufacturer Batiroc.

Investors
Capital for FCFT has so far been committed by state investors BPI France and CDC Tunisie, which contributed equally.

Investments
FCFT will seek around 15 SMEs with headquarters either in France or Tunisia and with the potential to expand in both countries. The vehicle comes as part of a strategy by France to support the economic transition of its former colony, French ambassador François Gouyette stated in a press release last Friday.

The vehicle will focus on €1-2m growth investments in companies operating in the following segments: information and communication technologies, healthcare, education, pharmaceuticals, agro-food businesses, manufacturers, electronics companies, transport and logistics operators, tourism, leisure, cleantech and renewable energies.

People
Siparex – Bertrand Rambaud (CEO).

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