I’m not an agent or related to this entity. The knowledge offered under is impartial as primarily based on my analysis and expertise. While I’ve taken steps to make sure the accuracy of the data offered right here, there may be no assure that it’ll stay correct.
Goal: Established entity – with three years audited financials and a monitor report of gross sales and earnings.
Sector focus: None particularly
Quantities offered: $0.5- $5million
Funding kind: Personal fairness
Additional info: East Africa contact: +254(0) 20 250 4775 begin_of_the_skype_highlighting FREE
Who’s behind the Fund?
Based in 2008 by a bunch of UK entrepreneurs and philanthropists, it initially labored via two native fund managers: Constancy Capital in West Africa and InReturn Capital in East Africa.
The construction combines extremely skilled personal fairness veterans from Europe with professional groups on-the-ground. It has now commenced a merger (Jan 2013) to create a pan- African fund supervisor that may handle a brand new $75m pan-African SME fund. Jacana is at the moment elevating from worldwide traders.
It at the moment has $45m in funds beneath funding offered by a variety of particular person and institutional traders together with FMO (a dutch funding financial institution), Oiko credit score (a co-operative and social investor) and Finn fund (a growth fund).
What’s the course of like?
It is set out on their web site however they in abstract anticipate to maneuver from begin to end inside 1 month, with the important thing “in precept”approval being given after about 1 month.
- An preliminary govt abstract out of your marketing strategy is submitted to them.
- If they’re , it’s extra doubtless that they’ll then request for an in depth marketing strategy.
- Thereafter they’ll comply with this up with a head to head assembly to evaluate the chance.
- As soon as they approve in precept, the opposite elements embody the due diligence and shutting.
My ideas for achievement?
- Excessive development. Like many personal fairness companies, they’re eager on established companies with excessive development focus. They do spotlight for instance that they anticipate the income to be about 5 occasions their preliminary funding as soon as they exit. Your online business ought to subsequently be capable to ship excessive returns, in any other case it’s not price growing the plan.
- Workforce. For a personal fairness agency, just like a enterprise capital agency, a stable staff is a key issue. You should put in place a powerful staff, one which considers good company governance, ethics and powerful monetary controls as key.
- Clear marketing strategy. When drawing up your marketing strategy, have a transparent and articulate technique that may present the place development goes to return from. Illustrate the enterprise aggressive benefit i.e you’re doing it higher or totally different from the others.
In any other case, better of luck.