MCF, a corporate finance and investment advisory firm specialized in the Africa and Middle East region, acted as an advisor to SPEC Capital Partners in the TND 53m fundraising for the acquisition of a stake in the capital of Sotipapier. After the transaction, SPE Capital Partners will own, directly and indirectly, 67.8% of Sotipapier’s capital.
This transaction is part of a global Sotipapier’ shareholding consolidation project with the objective of reinforcing its position in the Tunisian market, the extension of its collecting and recycling of used paper activity and the development of its export activities.
Walid Ayad, Partner at MCF, declared: “This transaction aims to finance the ambitious development plan of Sotipapier and confirm its position as the leader of packaging paper in Tunisia. As its advisor, MCF allowed SPE Capital Partners, with the participation of a consortium, to consolidate its control over Sotipapier.
About Sotipapier :
Founded in 1981 by the Hamrouni Group, Sotipapier is the Tunisian leader in the manufacturing of kraft paper, testliner and fluting paper.
About SPE Capital Partners :
SPE Capital Partners is a company affiliated to Swicorp, which regroups the management activities related to the group’s investment funds. Since 2006, SPE Capital Partners’ team invested more than USD 1 billion in more than 20 companies through the MENA region.
SPE Capital Partners focuses its investments on private equity, with the objective of consolidating the companies where they invest and strengthening their growth.