Lebanese Private-Equity Firm Hunts Africa Diaspora for Deals

  • EuroMena plans to raise $300 million for SME, debt funds
  • Firm expects to close two acquisitions, three exits this year

EuroMena Funds, a Beirut-based private-equity firm that has raised $350 million since 2006, plans to almost double assets as it seeks investments in Lebanese-owned companies operating abroad.

After a decade of deploying most of its capital in Lebanon, Jordan and Egypt, EuroMena’s latest fund has spent $55 million for stakes in a toilet-paper manufacturer in Nigeria, a Tunisia-based operator of clothing stores, and the Moroccan franchisee of French retailer Carrefour SA, said Giles de Clerck, the firm’s executive partner.

A debut debt fund primarily aimed at Africa, with a target of $200 million, is in the works, Managing Partner Romen Mathieu said. The firm also plans a $100 million private-equity fund that will invest a maximum $10 million per company in enterprises based in the Levant, a large area in the Eastern Mediterranean, that generate as much as $50 million in annual revenue, he said. Both funds are expected to close in 2018…

Lebanese Private-Equity Firm Hunts Africa Diaspora for Deals

Categories : Private Equity

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