Fidelium Finance, a private equity manager in Tunisia, recently launched two private equity funds dedicated to SMEs in the country.
The first private equity fund is Fidelium Performance - a TND 50 million fund - is still in its fund raising stage. It will invest in SMEs across Tunisia and would become the only fund mainly dedicated to growth and development in the country. The fund will invest in its target companies via common shares or preferred non-voting investment certificates, equity securities, convertible bonds and equity shares.
The second fund, Fidelium Essor II, is a TND 20 million investment vehicle which will be dedicated to some regional development zones. It will invest in SMEs in order to promote local development and stimulate growth in peripheral and rural areas of Tunisia.
Both funds are to be sector agnostic. In addition to financing, they will provide managerial assistance for the existing management in order to achieve better medium and long term results. The investment strategies for the funds will favor companies enabling the funds to exit through the alternative market, Amel Ben Daly -Senior Partner at Fidelium Finances- revealed to Zawya in a telephonic conversation.
© Zawya 2012
