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Portfolio - Current Investments |
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| Madagascar Litchi Export |
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In September 2010, I&P Capital (II) acquired 60% of MLE, a lychee export station business based in the port of Toamasina. The process consists of buying fruits from collectors and then proceeding to calibration, selection, sulphuring, packing and export to European markets. During the lychee campaign, the company employs up to 1,200 persons and reaches a daily processing capacity of about 200 tons. MLE ranks among the top three lychee export companies out of about forty. |
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| Ciel Textile |
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In February 2010. I&P Capital (II) acquired 25.7% of Ciel Textile, at par with the Mauritian group Ciel,
the founder of the company. Ciel Textile is a knitwear, woven and fine knits apparel manufacturer with a strong presence
in the Indian Ocean region and counts 17 500 employees in 17 plants. The regional operations are vertically integrated from yarn spinning to finished products.
For a few years, Ciel textile has been quickly developing its activities in Asia. The company is listed on the secondary
market of the Stock Exchange of Mauritius and its market value was valued 1,018 million Rs at acquisition.
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| CEAL |
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Since April 2009, I&P Capital (II) holds 100% of CEAL shareholding. CEAL is a company specialized in the rental
of equipments for sugar cane field operations. A pioneer in mechanical harvesting and in de-rocking operations in
Mauritius, CEAL has recently started to rent equipment for earthworks and engineering activities. The company also
has minor activities in Rodrigues Island and Madagascar.
www.ceal.mu |
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| Newpack |
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In July 2008, I&P Capital (II) acquired 100% of Newpack, a company based in Madagascar and engaged in the production and
sale of corrugated carton boxes. It has two production sites, Newpack SA in the capital Antananarivo and Eastpack in Diego
Suarez. The company enjoys a long established track record including a comfortable market position, a well- maintained and
high quality production equipment and a yearly production capacity of 15,000 metric tons with a diversified client base
serving both domestic and export oriented companies.
www.newpack.mg |
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| CBE Ngazidja |
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CBE-Ngazidja is based in the Comoros Island and I&P Capital (Indian Ocean) holds 66% of its share capital along the Promoter,
Mamoud Mahamoudou who holds the remaining 34%. The company has secured exploitation rights over a 20 hectares sand quarry for
a period of 20 years. It was a start-up project and the total investment was made in 2005 for an amount of over one million euros.
The project contributes significantly towards eliminating sand extraction from beaches and provides a sure and reliable source of
aggregates both for construction and public works.
CBE has more recently diversified its activities and is presently involved in excavation works and road construction.
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| Hotel du Louvre |
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Together with a co-investor, I&P Capital (Indian Ocean) hold 100% of the share capital of Grand Hotel du Louvre.
The company owns and operates a 3-star hotel in downtown Antananarivo about 50 metres from the Presidential Palace
and in the heart of the financial and commercial sectors of the city. After some renovation and extension works, the
hotel presently has 75 rooms and Hotel du Louvre is now one of the largest international-standard hotels in Antananarivo.
In order to diversify its offer, I&P Capital (Indian Ocean) has also bought a 32% stake of Dimitri Salichon's
(Managing Director of Louvre) hotel project. Tamboho hotel is a 3-star hotel with 30 rooms near the city centre
surrounding a lake over an area of 1,450m2.
www.hotel-du-louvre.com
www.hoteltamboho.com |
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