Sector: FMCG

Country: Nigeria


Year of investment: 2015


In August 2015, EuroMena III Limited Partnership together with Amethis Finance extended a convertible loan to Elephant Africa Holding.

Elephant Africa Holding is the holding entity of Bel Papyrus Limited and Bel Impex Limited, West Africa’s largest tissue paper producers and converters based in Nigeria part of the Boulos Group of Companies. The business was initially established by the Boulos family in 1987, and has since then evolved to be the market leader, with an estimated market share of 35% of finished goods. The business has state of the art facilities and a wide distribution network covering urban and rural areas across Nigeria.