Kibo Capital Partners is a private equity management company, domiciled in Mauritius and licensed by the FSC as CIS Manager. Kibo Capital Partners is a venture between Ciel Finance, the financial services arm of CIEL Limited and the firm’s management team. Kibo Capital Partners has currently two funds under management with assets totaling US$100 million. Our funds target growth companies in Eastern and Southern Africa and the islands of the Indian Ocean.

 

Kibo's Investment Philosophy

Kibo Capital Partners’ investment philosophy is to participate in the rise of African economies by investing in fast growing companies, focusing on creating sustainable long term value. Specifically, Kibo Capital provides growth capital, strategic insight and a strong engagement at board level to assist companies in improving their operational performance and international expansion, dealing with the challenges of succession planning, stock exchange listings, or mergers and acquisitions with large international players.

The Kibo Capital approach to investment is guided by a number of key principles.

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Growth as a catalyst for value creation

We believe that value is created by focusing on revenue and margin growth but such growth needs to be managed judiciously in line with growth-related risks.

Focus on key sectors

We believe some sectors have stronger contribution to growth. Our team has developed extensive expertise in them:

- Financial services (banking, insurance, non-banking financial institutions, fintech)

- Education

- Healthcare and

- Consumer-related companies (from light industrials and FMCG to retailers and technology services).

Active shareholder combing local presence with international reach

Kibo Capital is an active shareholder. Our primary focus is at Board level helping drive the firm’s strategy, its governance structures, and its expansion plans. We do so by combining a local presence and knowledge with an international reach.

Strong leverage of Kibo’s networks

Kibo Capital’s provides access to the networks of its funds’ main sponsors: Ciel Group one of the leading industrial groups in the Target Region, and Key Development Finance Institutions such DEG, IFC, AfDB and FMO.

Core values

Kibo Capital will at all times ensure a clear alignment of interest between an entity’s stakeholders while adhering to its core value: integrity, honesty, sustainability and teamwork.

Responsible Investment

Kibo Capital Partners adheres to the highest Environmental Social and Governance (ESG) standards. During the life of our investments, we strictly follow the guidelines set up by development finance leaders such as the International Finance Corporation.

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Our investment process includes evaluation of ESG parameters at several regular intervals:

- During the initial assessment of an opportunity

- Presentation to the Investment committee

- ESG due diligence

- Final approval (in the case of high risk investments ESG matters are discussed at Advisory committee level).

- During portfolio life at regular periods

- Prior to exit

 

To learn more about ESG we recommend the following links:

a. Environmental, Health, and Safety Guidelines

b. DEG Guideline for environmental and social sustainability

c. IFC's Environmental and Social Performance Standards

Our Funds

Kibo Capital Partners has two funds under management, The Kibo Fund LLC and The Kibo Fund II LLC, for a total committed capital of close to USD100 million.

The Kibo Fund LLC

Fund Size : € 29 million

Launch Date : 2008

Stage : Fully invested

The cornerstone investors in the Fund are the CIEL, FMO and DEG. The other investors are the Swan Group and regional investors. The fund is fully invested and has made two exits.

The Kibo Fund II LLC

Fund Size: $ 63 million

Launch Date: 2014

Stage : Investment stage

The cornerstone investors are the IFC, the AFDB and DEG. The other investors are CIEL Limited and the Swan Group, both investors in The Kibo Fund LLC, and a number of other investors including European pension funds and family offices. The Fund is currently raising capital as part of a second and final close planned for December 2015.

 
Key Investors