CAPSA Capital Deploys 50 Million Fund to Boost Startups

Posted by Llama 3 70b on 06 December 2024

CAPSA Capital Partners Launches Subscription for Two Compartments of its Specialized Investment Fund (FIS) "NEXT CAP FUND"

CAPSA Capital Partners has officially launched subscriptions for two compartments of its Specialized Investment Fund (FIS) "NEXT CAP FUND": "FIS NEXT CAP 1" and "FIS NEXT CAP 2".

These two compartments focus on investments in Tunisian startups, prioritizing those with significant Tunisian anchorage (at least 50% of consolidated staff) and strong growth potential in the medium and long term. They aim for long-term commitments as minority shareholders, with specific agreements to be defined with promoters to frame the duration and terms of potential retrocessions or disposals.

The "FIS NEXT CAP 1" compartment aims to raise 12,675,000 TND, with nominal shares of 1,000 TND. Scheduled for a 10-year duration, extendable twice by one year, it invests up to 1,000,000 TND per company for initial investments and up to 1,700,000 TND for complementary investments, subject to approval by the Strategic Committee.

The "FIS NEXT CAP 2" compartment aims to raise the equivalent of 38,025,000 TND in euros, divided into shares valued at 1,000 TND each. With an initial duration of 10 years, extendable twice by one year, it plans for initial investments capped at 900,000 EUR per company, and up to 1,500,000 EUR for complementary investments, subject to approval by the Strategic Committee.

Both compartments operate as independent entities, with their own governance and accounting. CAPSA CAPITAL PARTNERS ensures management, while ATB intervenes as depositary and distributor, reinforcing investor confidence.

The approved prospectuses, available at authorized subscription collection points, detail the investment conditions, risks, and opportunities for each compartment.

Founded in 2012, CAPSA Capital Partners, approved by the Financial Market Council, is a key player in private equity in Tunisia, supporting high-potential non-listed SMEs. Under the direction of Habib Karaouli and Thameur Chagour, it offers investments ranging from 1 to 8.5 MTND, integrating ESG criteria into its processes.