Swicorp, a leading financial advisory and private equity firm focusing on the Middle East, North Africa and Turkey, announced today a strategic partnership between Intaj Capital II (« Intaj II »), a private equity focused on Consumer-driven industries, and the Hamrouni Group, a family group with diversified industrial holdings in Tunisia, in Sotipapier, a leading player in the production of Kraft paper for large sacks, test liner as well as fluting paper in Tunisia. Through this partnership, Intaj II and the Hamrouni Group will aim to drive the growth and the institutionalization of Sotipapier, and to invest in order to strengthen its competitive positioning in Tunisia and beyond, with the objective of preparing the company for a potential listing on the Tunisian stock exchange.
In the coming years, Sotipapier will continue to focus on continued profitable growth, modernization, technological development and job creation.
Nabil Triki, Managing Director and head of private equity at Swicorp, stated: “This significant investment is a testament to Swicorp’s intent to further its activities in Tunisia, which counts among the core markets we target for private equity investment. We are looking forward to working hand-in-hand with the Hamrouni Group to support the management of Sotipapier in achieving the company’s ambitious growth plans”.
Abdelkader Hamrouni, CEO of Sotipapier stated: “Swicorp’s contribution will help us further develop and institutionalize the company in terms of production capabilities, operational excellence, as well as governance, with the dual objective of ensuring the continued development and the sustainability of the company, and contributing positively to the Tunisian economy”.