News Ticker

I&P takes 48% stake in Benin bakery Tincy

Investisseurs & Partenaires is backing Tincy Boulangerie, a semi-industrial bakery in Benin which was originally founded in 2009. The deal, which is structured through I&P Afrique Entrepreneurs as a combination of equity and quasi-equity investments, gives I&P a 48% stake for a 5-year period. The fund typically targets deal sizes ranging between €300,000 and €1.5 million in small and medium-sized enterprises, and this latest transaction brings the impact investor’s number of investments in Benin to a total of four.

Tincy Boulangerie serves Benin’s capital Cotonou and its surrounding areas with a broad variety of breads through its own retail location and 24 kiosks branded “Le Boulanger” as well as through established relationships with a number of shopkeepers, hostels and airline companies. The capital will be used to help the company continue its expansion plans, improve the management and quality of its production to double its production capacity as well as diversify its product mix with the launch of a new line of pastries products.

I&P Afrique Entrepreneurs is an impact fund dedicated to small and medium enterprises based in SubSaharan Africa with financing needs comprised between €300,000 and €1.5 million. The fund currently supports more than twenty companies in various sectors and aims to close 5 to 8 new investments in West Africa in the next two years.

1 Trackbacks & Pingbacks

  1. Weekly Wrap, January 4th, 2016; Abraaj, Duet, IFHA and others make private capital news last week | Africa Capital Digest

Leave a comment

Your email address will not be published.


*