ARISE Integrated Industrial Platforms (ARISE IIP), a pan-African developer and operator of integrated industrial zones, has completed a US$ 700 million capital raise.
- •The capital from Vision Invest, a Saudi Arabian infrastructure investor and developer, will support ARISE IIP’s continued expansion across the continent and the development of sustainable industrial ecosystems.
- •The institutional shareholder base of ARISE IIP comprises the founding shareholders Africa Finance Corporation (AFC) and Equitane, along with the Fund for Export Development in Africa (FEDA), the development impact platform of Afreximbank, and now, Vision Invest.
- •Standard Chartered Bank and Norton Rose Fulbright acted as exclusive advisors to ARISE IIP while EFG Hermes and Linklaters advised Vision Invest.
“ARISE has always believed in Africa’s promise and the talent driving its growth. The partnership with Vision Invest and the continued support of our institutional shareholders will help us build resilient, self-sustaining industrial ecosystems that deliver long-term value,” said Gagan Gupta, Founder and CEO of ARISE IIP.
Founded in 2010 with operations in Gabon, ARISE IIP has expanded to more than 14 countries across Africa, deploying nearly USD 2 billion in infrastructure and enabling over 50,000 jobs. The platform focuses on creating local value through the transformation of raw materials and import substitution.
“This marks our first direct investment in Africa and a natural extension of our values and impact investment philosophy, which centres on the socio-economic development of the communities in which we invest,” Mohammad A. Abunayyan, Chairman of Vision Invest, said.
The transaction marks one of the largest private infrastructure capital raises in Africa to date, with both primary and secondary components.