African PE firm SPE Capital adds another partner to top team

 African PE firm SPE Capital adds another partner to top team

SPE Capital, a private equity firm focused on Africa and the Middle East, has expanded its leadership team by elevating an existing principal as a partner.

The PE firm, which completed the fundraise for its maiden fund last year, has promoted Tarek Lababidi, an existing principal with the PE firm, as a partner.

Lababidi started his career in private equity in 2014, when he joined Swicorp as an associate in the Dubai office, following prior experiences at BNP Paribas, Lazard and PwC. After obtaining his MBA at INSEAD in 2016, he joined the founding team at SPE Capital in the newly opened Casablanca office, where he played a role in several transactions, including the investment in (2020) and successful exit from (2021) Dislog Group, and the acquisition of Amanys Pharma (2020 – previously Saham Pharma).

Other investments where he contributed include the acquisition of Ademat in Côte d’Ivoire (2021) and Outsourcia in Morocco (2022).

Nabil Triki, Managing Partner and CEO of SPE Capital, said: “Tarek contributed significantly to developing the Moroccan market for SPE Capital, from sourcing transactions, to building the relationship with key players in the PE ecosystem and furthering the firm’s presence and brand more generally.”

This move takes total top team members to nine, including six managing partners and three partners. Last year, it had elevated Ahmed El Oraby, who had joined as a principal two years ago as a partner.

In 2020, SPE Capital had roped in Stéphane Heuzé as a managing partner, to be based out of the Casablanca office.

The PE firm has struck three deals this year, including one that provided TPG an exit from its debut Africa bet. It also sealed a Morocco control deal for Outsourcia that provided an exit for AfricInvest and teamed up with Amethis and EBRD for a buyout in Egypt.

Vivek Sinha

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