I’m not an agent or related to this entity. The data offered under is unbiased as based mostly on my analysis and expertise. While I’ve taken steps to make sure the accuracy of the knowledge introduced right here, there might be no assure that it’ll stay correct.
Goal: Established entity – with three years audited financials and a monitor file of gross sales and earnings.
Sector focus: None particularly
Quantities offered: $0.5- $5million
Funding sort: 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 by 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 knowledgeable groups on-the-ground. It has now commenced a merger (Jan 2013) to create a pan- African fund supervisor that can handle a brand new $75m pan-African SME fund. Jacana is at the moment elevating from worldwide buyers.
It at the moment has $45m in funds below funding offered by various particular person and institutional buyers 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 count on 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 observe this up with a head to head assembly to evaluate the chance.
- As soon as they approve in precept, the opposite points 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 count on the income to be about 5 instances their preliminary funding as soon as they exit. What you are promoting ought to due to this fact be capable to ship excessive returns, in any other case it isn’t value growing the plan.
- Group. For a personal fairness agency, just like a enterprise capital agency, a strong staff is a key issue. It’s essential to put in place a robust 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 can present the place development goes to return from. Illustrate the enterprise aggressive benefit i.e you might be doing it higher or completely different from the others.
In any other case, better of luck.