Investisseurs & Partenaires (I&P) is a pioneering impact investment group entirely dedicated to financing and supporting small and medium-sized enterprises (SMEs) and start-ups in Sub-Saharan Africa.

 

Who are we?

Since its creation in 2002, Investisseurs & Partenaires (I&P) is dedicated to promoting sustainable and profitable small and medium sized African companies with high local added value. I&P has developed different approaches combining financing and support to serve this mission and meet the needs of African SMEs, according to their maturity, size and financing requirements.

 

I&P was launched by Patrice Hoppenot, co-founder of BC Partners and a Private Equity expert. In 2011, Patrice Hoppenot hands over the reins of the business to Jean-Michel Severino, previously Managing Director of Agence Française de Développement (2001-2010) and World Bank Vice President for Asia (1996-2000).

 

The team currently comprises around 80 people, based in Paris, Washington D.C. and in seven African offices (Burkina Faso, Cameroon, Côte d'Ivoire, Ghana, Madagascar, Niger and Senegal).

 

100% of our profits go back into the personal and professional development of the staff, who are all trained in house, and into the recruitment and training of additional staff as the business grows in order to fulfill our mission.

Key Figures

18

YEARS OF EXPERIENCE

80

TEAM MEMBERS

OFFICES

€200

MILLION RAISED

Our story

  1. The Beginnings

    Patrice Hoppenot, the former co-founder of BC Partners, started a venture capital initiative dedicated to African entrepreneurs. His idea was to use his skills and experience in private equity to support a greater cause: the economic development of Sub-Saharan Africa.

    I&P Développement (IPDEV), a fund with €2m of registered capital, was launched thanks to Patrice and its fellows. In the same year, Patrice hired the first investment officer of I&P, Sébastien Boyé.

    In 2003, I&P made its first investments in African-based Small and Medium Enterprises (SMEs): CAMED, the third pharmaceutic distributor in Mali and the only actor selling generic drugs and LEGENI, the first private laboratory for geothermic and environmental studies in Niger.

  2. A Learning Experience

    In 2006 I&P realized its second increase in capital and for the first time opened up its capital to Development Financial Institutions (in other words to Official Development Assistance). This growth of capital was key to ensure the sustainability of the project and to validate its economic model. The European Investment Bank and Proparco (the private branch of the French Development Agency) both invested €3m in IPDEV.

    Looking at it now, the emergence of I&P was the symbol of a deeper shift in development aid: the rise of the private sector in the funding and dispatching of Official Development Assistance.

    In 2007, five years after its creation, I&P’s portfolio included a dozen of SMEs and Microfinance institutions, in Cameroon, Mali, Niger, and Senegal. There were 3 full-time investment officers: Sébastien Boyé, Jérémy Hajdenberg, and Pierre Carpentier.

  3. New Leadership and Scaling Up

    In 2011, Patrice Hoppenot retires and hands over the reins of the business to Jean-Michel Severino, former Executive Director of the French Development Agency (2001-2010). This transition boosted a strategic shift already underway at I&P: the group had to adapt the models of its impact funds to the size of the investment tickets.

    To efficiently reach start-ups and very small enterprises I&P developed IPDEV2, an innovative program consisting in incubating and sponsoring 10 African-based impact funds in 10 countries. These impact funds would be managed by African teams and mostly capitalized by African investors. They aim to locally develop a strong base of entrepreneurs by supporting start-ups and young enterprises showing a substantial growth potential and whose financial needs will lie between €30k and €300k.

    Read more on the program IPDEV2

     

    In parallel I&P launched a pan-African fund, I&P Afrique Entrepreneurs (IPAE), provided with €54m and targeting higher investment tickers to support SMEs and entrepreneurial projects that would be more mature.

    Read more on IPAE

  4. Consolidation and Deployment of Local Teams

    With the launch of IPAE, I&P opened its first African-based offices in order to facilitate the business development and the day-to-day collaboration with portfolio companies. I&P inaugurated new local offices in Ghana, Cameroon, Senegal, and Madagascar (2012), in Côte d’Ivoire (2014) and in Burkina Faso (2015).

    In October 2015, I&P realized the first closing of IPDEV2. The sponsored local funds started their activity. In addition to Sinergi Niger that was operational since 2006, Sinergi Burkina and Teranga Capital (in Senegal) were inaugurated and could work with small and very small enterprises via an adapted financial support. Sinergi and Teranga made their first investment operations, respectively with Siatol and OuiCarry.

     

      Explore:

    First closing of the I&P Développement Fund 2 (IPDEV 2)

    • Inauguration of Sinergi Burkina (2015) and Teranga Capital (2016)

  5. 15 years of commitment to support entrepreneurship in Africa

    Building on its 15-year experience in financing and supporting African entrepreneurs, Investisseurs & Partenaires (I&P) is developing a consulting activity, I&P Conseil, aiming to improve the business environment and develop the entrepreneurial ecosystem in Africa.

      Read more on &P Conseil

     

    In 2017, I&P hopes to reach a new milestone with the launch of the fund I&P Afrique Entrepreneurs 2  (IPAE 2) and the second closing of IPDEV 2 will help the fund to successfully attain the amount of €20m and to complete the entire investment program: 10 impact funds in 10 different countries during 10 years and eventually supporting 500 SMEs and creating 15,000 jobs over the period.

    This way I&P supports its goal to create local financing capacities, to promote entrepreneurship and local talents in Africa, and to actively contribute to the realization of the Sustainable Development Goals across the continent.

      Read more on I&P Afrique Entrepreneurs 2's first close

Vision & Values

Vision

We believe that Africa’s economic development will be achieved through the construction of an efficient and responsible private sector made up of business creators, entrepreneurs and SMEs rooted in Africa who can offer access to essential local goods and services to all, and show concern for environmental, social and governance issues at all levels of decision-making.

 

Mission

Contribute to sustainable development and social stability on the African continent by financing and advising entrepreneurs, project initiators, and African SMEs to help them thrive and achieve economic, social and environmental success.

 

Ambition

Over the next ten years, we aim to help develop at least 600 projects and create at least 20,000 direct jobs, as well as demonstrate the viability and replicability of our model and champion the cause of African entrepreneurs around the world.

Values

ENTREPRENEURIAL SPIRIT

Innovation and pragmatism are at the heart of our approach, to support the growth of the partner companies and to manage day-to-day projects.

COMMITMENT TO DEVELOPMENT

I&P devotes particular attention to project leaders and their societal vision

INTEGRITY

An indispensable value in building trust with investors, as well as with entrepreneurs and communities.

COMMITMENT TO EXCELLENCE

This value is a factor of the success of our projects and is reflected in the rigorous management and economic efficiency of our investments.

Our Code of Ethics
I&P's Carbon Footprinting Strategy

In alignment with its ESG strategy, I&P is committed to calculate and reduce its environment footprint. The carbon neutrality of our offices and transportation is a key objective. To this purpose we compensate for emissions we cannot reduce through the financing of carbon projects. Indirect emissions from plane travels account for 99% of our total carbon footprint: travelling remains at the core of our activity despite the set-up of local offices in Africa to reduce long distance journeys.

 

Compensation strategy (2015-2016)

Our Ecosystem

Our certifications & commitments

In 2017 I&P joined the community of certified B Corp™ companies, an independent label gathering mission-driven businesses globally. Certified B Corps meet the highest standards of social and environmental performance, transparency and accountability.

Read more

I&P was one of the founding signatory of the Operating Principles for Impact Management,  a market standard for the impact investing sector, defined by the International Finance Corporation. I&P presented a year after the launch its first annual Disclosure Statement, available here. 

Read more

I&P has been selected to the Impact Assets 50, alongside some of the most innovative impact investors in the world. The IA 50 is the first publicly available database that provides a gateway into the world of impact investing.

Read more

I&P is signatory to the six Principles for Responsible Investment, a voluntary and aspirational set of investment principles that offer a menu of possible actions for incorporating ESG issues into investment practice.

Read more

I&P is signatory to the Montréal Carbon pledge, launched in 2014. I&P commits to measure and publicly disclose the carbon footprint of their investment portfolios on an annual basis.

Read more

I&P is a member of:

The Malagsy Association of Private Equity Investors (AMIC) aims to federate and represent all private equity operators in Madagascar.

The Aspen Network of Development Entrepreneurs (ANDE) is a global network of organizations that propel entrepreneurship in emerging markets.

EMPEA

EMPEA is the global industry association for private capital in emerging markets.

EVPA is a membership association made up of organisations interested in or practicing venture philanthropy and social investment across Europe.

France Invest brings together all the private equity structures in France. I&P takes part to the impact investing committee of France Invest.

GIIN

The GIIN is the largest global gathering of impact investors. This nonprofit organization dedicated to increasing the scale and effectiveness of impact investing.

Team

Aboubacar Sanou

Analyst

Aboubacar Sanou

Analyst

Aboubacar is an analyst at Sinergi Burkina.

Adama Fofana

Investment Officer

Adama Fofana

Investment Officer

Adama joined the team of Comoé Capital in 2018 as an investment officer.

Adrienne Ndong

Investment Officer

Adrienne Ndong

Investment Officer

Adrienne is an Investment Officer at Teranga Capital.

Aïcha Savadogo

Investment Manager

Aïcha Savadogo

Investment Manager

Investment Manager at Sinergi Burkina since May 2016

Alexis Thirouin

Financial Officer

Alexis Thirouin

Financial Officer

Alexis is Financial Manager of the fund I&P Développement since 2012

Andry Ravololonjatovo

Communication Manager, Miarakap

Andry Ravololonjatovo

Communication Manager, Miarakap

Andry Ravololonjatovo joined Miarakap's team in September 2019 as Communications Manager.

Asif Noorani

Investment Manager

Asif Noorani

Investment Manager

Asif Noorani is an Investment Manager in I&P’s Nairobi office. He joined in July 2020 to grow I&P’s investment activity in East Africa.

Baafour Otu-Boateng

Senior Investment Manager

Baafour Otu-Boateng

Senior Investment Manager

Based in Accra, Baafour is in charge of I&P’s portfolio in Ghana.

Brigitte Abbé

Investment Officer

Brigitte Abbé

Investment Officer

Brigitte Abbé is an Investment Officer for the Ivoirian impact fund Comoé Capital since January 2018.

Christian AMOUO

Seed Manager Cameroun

Christian AMOUO

Seed Manager Cameroun

Christian AMOUO is a Seed Manager in Cameroon.

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Advisors

Annie Ferton

Advisor

Annie Ferton

Advisor

Advises I&P since 2008, member of the board of Directors of IPAE fund

Bruno Caire

Advisor

Bruno Caire

Advisor

Bruno started working for I&P in 2007. Since then, he has carried out numerous missions with investment managers, visiting companies before and after the I&P investment.

...

Christian Lepage

Christian has been working with I&P since 2010. He regularly advises the portfolio companies.

Christine Descamps

Advisor

Christine joined I&P in 2015 and brings her expertise in branding and marketing to the companies of I&P's portfolio.

Daniel Poisson

Advisor

Daniel Poisson

Advisor

Elodie Nocquet

Consultant on ESG & Impact issues

Elodie Nocquet

Consultant on ESG & Impact issues

 

Hervé Schricke

Advisor

Hervé Schricke

Advisor

President of Club Afrique - AFIC

Olivier Lafourcade

Chairman of the Board IPDEV

Olivier Lafourcade

Chairman of the Board IPDEV

Member of I&P Développement Board and Investment Committee since 2004

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English