MCB Equity Fund Ltd

Overview

MCB Equity Fund Ltd is the private equity arm of MCB Group, the largest banking institution in Mauritius and sole shareholder of the fund. An evergreen fund with a committed capital of USD 100 million, MCB Equity Fund provides equity and quasi-equity to established and fast-growing businesses across Africa. The fund is managed by MCB Capital Partners, a wholly owned subsidiary of MCB Capital Markets. The fund's investment strategy focuses on providing equity and quasi-equity financing to businesses across various sectors and countries in Africa. It takes minority stakes alongside a range of international partners, including Development Financial Institutions, family offices, private equity firms, and corporates, working with them to identify attractive investment opportunities and create value. The average investment per transaction is USD 5 million. In August 2021, MCB Equity Fund partnered with a Metier-led consortium to invest USD 36 million in Africa Mobile Networks Ltd, a company that builds and operates mobile network base stations in rural towns and villages across 10 countries, serving around 7 million people who were previously unconnected. This investment highlights the fund's commitment to supporting infrastructure development and connectivity in underserved regions. The fund's portfolio includes investments in various sectors such as telecommunications, technology, infrastructure, energy, healthcare, financial services, consumer goods, real estate, agriculture, education, media, transport, logistics, retail, and manufacturing. Its geographical focus spans Mauritius, Madagascar, Seychelles, Maldives, Réunion Island, Mayotte, France, South Africa, Kenya, United Arab Emirates, and Nigeria. MCB Equity Fund Ltd's investment approach emphasizes co-investment alongside experienced investors, taking minority stakes, and maintaining a flexible investment horizon. This strategy enables the fund to support the growth and development of businesses across Africa, contributing to the continent's economic progress and connectivity.