CEO Today Africa Awards

KENYA www.ceotodaymagazine.com 28 CEO Today Africa Awards 2018 THIERRY HUGNIN Co-Founder of Kibo Capital Partners FIRM PROFILE 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 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. 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. ABOUT THIERRY HUGNIN Thierry holds a Master’s Degree in Applied Finance from Paris IX-Dauphine University in France and qualified as a Chartered Accountant in England and Wales in 1993. He started his career in investment banking, in London later joining Blakeney Management, a London-based investment boutique, focusing on public and private equity in Africa and the Middle East. In this capacity, he participated in a number of private equity transactions notably Social Security Bank in Ghana and MSI, the mobile phone company which later became Celtel. Thierry later moved back to Mauritius and co-founded Kibo Capital Partners in 2007 with Jean-Pierre Dalais in a venture with CIEL Limited to pursue his belief that Africa offers attractive opportunities for private equity. www.kibo-capital.com