French impact investor Investisseurs & Partenaires (I&P) has struck its fourth deal this year by adding a central African company to its portfolio.
I&P has invested in vocation training business school Pigier Cameroun (or Pigier Cameroon) through its fund I&P Afrique Entrepreneurs 2 (IPAE 2).
The IPAE 2 portfolio now has 13 companies across 11 countries in Sub-Saharan Africa and in five key sectors: new technologies and IT, agribusiness, energy, education and media, and health.
I&P didn’t disclose the amount it invested in Pigier, but IPAE 2 invests up to €3 million in a portfolio company.
Launched in 2011 by Henri Tafou, Pigier Cameroon is a private business school for higher education. It offers training in human sciences and management at graduate and postgraduate levels. The training programmes cover areas such as banking and corporate finance, finance, audit and management control, communication, marketing and digital, transport, logistics and customs, business management, taxation, business law and human resources management.
Tafou previously worked within the Pigier Group in Côte d’Ivoire as sales director in charge of continuing education. After that, he joined the head office of the Pigier brand in France as director of franchise development. He then went back to Africa by taking over the Cotonou franchise in Benin and rebranding it as a franchisee of Pigier for a business school.
In 2011, he sold the Benin franchise and returned to Cameroon to launch Pigier Cameroon, the first Pigier franchise in central Africa.
“Against a backdrop of a sharp slowdown in private-sector investment on the continent, we have been able to continue deploying the fund to performing and resilient companies,” said Jérémy Hajdenberg, chief investment officer at I&P. “We are on the path to a significant acceleration in our pace of growth commitment with a very busy investment program in the coming months.”