SPE Capital
Private equity firm formed in 2016 as a spin-out of Swicorp that makes growth equity investments in Africa and the Middle East from offices in Abidjan, Cairo, Casablanca, Paris and Tunis.
Industry: Private equity | Founded: 2016
About SPE Capital
SPE Capital is an independent private equity firm that makes growth equity investments in companies in Africa and the Middle East. Its website lists offices in Abidjan, Cairo, Casablanca, Paris and Tunis and does not name a headquarters. The site says the firm has deployed more than $600 million, mainly in growth equity, and counts more than 20 investors, among them development finance institutions, family offices and wealthy individuals.
The firm began in October 2016, when Swicorp Private Equity spun out of Swicorp and became SPE Capital, with Swicorp keeping a 49 percent stake, subject to regulatory approvals, according to Africa Global Funds. Nabil Triki, who set up and led the private equity business at Swicorp, is managing partner and chief executive. Edouard Pontet is managing partner and chief operating officer, and Mehdi Charfi and Stéphane Heuzé are also managing partners.
SPE invests through funds. Its AIF I fund raised USD 258 million in 2019 for private equity across Africa, and the final close was announced in January 2021. SPE PEF III held a first close of USD 171.27 million against a USD 350 million target, according to the firm's funds page; EIB Global announced a USD 9.3 million commitment to its first closing in July 2024.
In May 2022 SPE acquired GlobalCorp with Amethis and the EBRD. In January 2023 AIF I took control of Vital, a Tunisian maker of nutritional supplements. Delta Holdings, a maker of paint additives, drew an investment from SPE, Proparco and Amethis in October 2025.
In December 2024 SPE PEF III, with the EBRD, Tanmiya Capital Ventures and British International Investment, completed the acquisition of Tamweely, an Egyptian microfinance lender. On 12 August 2026 the same consortium announced the sale of Tamweely to e-finance for Digital and Financial Investments, subject to approval from the Financial Regulatory Authority and the Egyptian Competition Authority. The price was not disclosed. In March 2026 Amethis succeeded SPE as majority shareholder of ADEMAT, a power security company in Côte d'Ivoire.
Leadership
- Nabil Triki, Founder, Managing Partner and Chief Executive Officer
- Edouard Pontet, Managing Partner and Chief Operating Officer
- Mehdi Charfi, Managing Partner
- Stéphane Heuzé, Managing Partner
- Ahmed El Oraby, Partner
- Hela Hariz, Partner
- Tarek Lababidi, Partner