A Tanzanian firm, SSC Capital is partnering with Multiples Group, a Private Equity and Investment Banking firm based in Dubai in bid to support SMEs in Tanzania with capital access.
The Partnership between the two will focus on capital raising, equity transaction, establishing an investment bank in East Africa, trade financing of construction materials as well as mergers & acquisition. This is a long-term partnership which will be renewed annually.
“We consider the deal with SSC Capital an important step towards its strategic expansion in the East Africa region whereas such partnership plays the gateway role connecting investors and investment opportunities around the globe with Africa. To best fulfill this role, Multiples Group capitalizes on the firm’s wide network of investors in the gulf and MENA region.” SSC Capital CEO Salum Awadh said.
SSC Capital is a Tanzanian financial and investment advisory firm helping investors find the right investment assets while supporting businesses in building their businesses to be more robust, sustainable, with high value. Formerly known as SSC Consulting, the firm has re-branded to SSC Capital to reflect its new focus on offering finance and investment related services.
According to Mr Awadh, believe this partnership will help to increase deal activity in the region from Middle East investors who were previously more focused on Middle East and North Africa (MENA) region
“We look at this much in terms of transaction sizes that we are looking at, we target to finance companies with ticket size of between USD 5m to USD 25m” he said.
SSC Capital and Multiples group are currently looking for companies seeking to raise capital between USD 3 million to USD 50 million in sectors of Healthcare, Education, Food & Beverages and Agribusiness.