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Capital North Africa Venture Fund

The Capital North Africa Venture Fund (CANVF II) is a generalist private equity fund focusing primarily on Morocco-based small and medium enterprises (SMEs). The fund was launched in 2006 with SIFEM as one of its sponsors alongside BIO, BMCE, CDC Group and Proparco.

Capital North Africa Venture Fund

The Capital North Africa Venture Fund (CANVF II) is a generalist private equity fund focusing primarily on Morocco-based small and medium enterprises (SMEs). The fund was launched in 2006 with SIFEM as one of its sponsors alongside BIO, BMCE, CDC Group and Proparco.

About the fund


CANVF II invests primarily in Morocco, and opportunistically in Algeria and Tunisia. It targets medium-sized enterprises with sales in excess of EUR 10.0 million, strong market position, sound financial situation, reputable management and growth potential. CANVF II investment size ranges in EUR 1.4 – 3.2 million. CANVF II targets sectors that are already competitive internationally such as pharmaceuticals, chemicals, construction and consumer goods; sectors that benefit from liberalisation of the Moroccan economy such as distribution, transport and logistics; services; and sectors with promising potential but still structural deficiencies such as agribusiness.

CANVF II is managed by Capital Invest SA, which was founded in 2000 as an initiative of BMCE Capital and Siparex to create the first private equity fund manager in Morocco. BMCE Capital is the investment banking arm of BCME Bank, the second largest Morocco-based bank. Siparex is a large French fund manager. 

Investments by the fund

             
Date Name Country Industry Status
2006 Company 1 Morocco Machinery and equipment Active
2007 Company 2 Morocco Food products and beverages Active
2011 Company 3 Morocco Transportation and storage Active
2008 Company 4 Morocco Furnishings and wood products Active
2009 Company 5 Morocco Food products and beverages Active
Reference code
2006-05
Status
Active
Date of commmitment
June 2006
Date of exit
-
SIFEM commitment
EUR
3,000,000
Asset class
Private Equity
Investment strategy
Investment through Fund
Fund manager
Capital Invest SA