I&P Exits Delta Irrigation and Conergies
Posted On: 28 Jan 2019 | Source(s): Investisseurs & Partenaires | Date: 28 January 2019
Sub-Saharan Africa-focused impact investing group Investisseurs & Partenaires (I&P) has completed exits from two portfolio companies from its 2012-vintage I&P Afrique Entrepreneurs I fund. Agricultural companies Kulker and Bernegal acquired I&P’s stake in Senegal-based irrigation equipment manufacturer Delta Irrigation. A portion of I&P’s shares were also sold to the director of Delta in Côte d’Ivoire. Separately, I&P sold its stake in Conergies Group, a provider of air conditioning and industrial cooling systems in Côte d’Ivoire and Mali, to French utility company EDF. Financial details of the transactions were not disclosed.