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Submitted by on Sun, 01/30/2022 - 23:15
I&P publishes the first Newsletter of 2022, including an important announcement: this year, I&P is starting its twentieth year of activity! We will have several opportunities to celebrate this anniversary.. Stay tuned!
In this newsletter:
• An editorial signed by Jean-Michel Severino (Chairman of the Supervisory Board), Jérémy Hajdenberg and Sébastien Boyé (Co-CEOs)
• Focus on the exit process: with the recent exits from Ultramaille (Madagascar) and Normat (Benin), I&P published a summary note on the exit process
• Interview with Narcisse Zolla, Founder and Director of Normat and Bhélix in Benin
Discover the Newsletter
Jean-Michel Severino, Chairman of the Supervisory Board*
Jérémy Hajdenberg & Sébastien Boyé, Co-CEOs
The whole team of I&P is joining us to wish you the best in 2022!
Hardly affected by the pandemic, and in some cases by a deteriorating political and security situation, 2021 was a tough year for many African entrepreneurs. At I&P, we have been committed to supporting them throughout the year. But most of all, it's the energy and resilience of the entrepreneurs themselves that has carried them through the crisis, finding innovative solutions and building in an uncertain world.
We start the new year with a renewed determination to support these entrepreneurs.
2022 is quite a special year for I&P, as we celebrate (already!) our twentieth anniversary. Starting as an innovative project conceived by Patrice Hoppenot in 2002, I&P pursues its main mission ever since: financing and supporting African entrepreneurs and demonstrate their essential role in the development of the continent.
I&P's range and activities have expanded over the years. We have been developing various tools (capital investment, seed financing, technical assistance, ...), we opened new offices, participated in the creation of African investment funds, expanded our teams, consolidated our ESG & Impact approach...
More than ever, we intend to combine our experience and our dynamism to finance, support and promote the entrepreneurs who are transforming Africa!
*A note on I&P's governance
Since October 2021, Investisseurs & Partenaires is co-managed by Sébastien Boyé and Jérémy Hajdenberg, who joined I&P in 2002 and 2004 respectively.
I&P's governance is ensured by a Supervisory Board, chaired by Jean-Michel Severino, and composed of Olivier Lafourcade (long-time advisor of I&P) and Bagoré Bathily (Founder and CEO of the Laiterie du Berger in Senegal, one of I&P's first holdings)
Since its creation in 2002, I&P has specialized in financing and supporting small and medium-sized entreprises in Sub-Saharan Africa. While our activities have gradually expanded (seed financing, consulting, training, etc.), private equity remains I&P's core mission. The issue of exits is inherent to the private equity business model.
I&P recently completed two exits with strong expansion and impact potential: and Ultramaille, a Malagasy company operating in the textile industry (exit on the promoter).
Normat, a Beninese company specialized in construction
Exit: EPC, a strategic international actor
Read an interview of the promoter, Narcisse Zolla
Ultramaille, a Malagasy company operating in the textile industry
Exit: on the entrepreneur, Frédéric Wybo
Since the first exit from the Mali based company CAMED in 2009, I&P has made 30 exits to date. This is an opportunity to take a step back and give some overall perspectives on this misunderstood or unfamiliar process. We are publishing a summary note based on I&P's experience, reminding key issues and gving a few concrete examples.
Exiting an African SME: a look at I&P's experience