I&P Capital Indian Ocean, Mauritius

PRESENTATION

I&P Capital Indian Ocean is an investment fund created in 2003 and based in Port Louis, Mauritius. It has an investment capacity of 10 million Euros.

OBJECTIVE

I&P Capital Indian Ocean aims to make about 10 capital investments in SMEs in the Mauritius/Madagascar/Comoro Islands region. These investments may take the form either of minority or majority shareholdings.

SPONSORS AND INVESTORS

The four sponsors, who have provided 40% of the investment fund, are:

• I&P, represented by Patrice Hoppenot
• Mauritian industrial group CIEL, via its investment subsidiary Ciel Investment, chaired by Jean Pierre Dalais
• UNIMA, Madagascar's largest private company, represented by Amyne Ismail
• Antoine DELAPORTE, 42, Managing Director of the fund's management company. Mr. Delaporte, a Madagascar businessman, was formerly a consultant with Bain & Co.

Three institutional investors complete the shareholding structure:

• The European Investment Bank
• Proparco (a unit of the French Development Agency group)
• Mauritius Sugar Industry Pension Fund