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Investment Criteria
We follow a systematic approach to investing, with each investment opportunity being subjected to thorough evaluation, in-depth analysis and review by an experienced management team. Every new investment is analyzed with respect to the potential for value appreciation in relation to the required rate of return.
What we look for
Our investments focus on the five emerging economies of the North African region – Morocco, Algeria, Tunisia, Libya and Egypt. These economies are at different stages of development and present a wide range of opportunities; from expansion of rising stars to privatization of state-owned conglomerates.
We are constantly looking for investment opportunities in all industry sectors with a specific focus in real estate, industrial, logistics, healthcare, education, and agribusiness; NorAH has defined investment ranges for investing in opportunities in each of these economies. Based on a thorough quantitative and qualitative assessment, NorAH has identified and clearly defined investment parameters within each sector.
We seek to work as a partner with our portfolio companies. We look to invest in all stages of the corporate life cycle: greenfield/early stage, growth stage, leveraged buyouts, etc. Target ownership may range from minority stake with board representation to majority ownership, based on the stage of development of our investee company and the strategy of the partnership
Regardless of their stage in the corporate cycle, NorAH will be looking for the following characteristics in target companies:
Defensible, niche or dominant position in its industry/sector by geography or ability to build a dominant position.
Meaningful market growth potential.
Diversified and strong customers base.
Significant or potentially significant presence in North Africa.
Strong management and technical expertise in place.
Relevant and focused development strategy.