OVERVIEW

Tunisian American Search Fund (TASF) is an entrepreneurial investment initiative formed to identify, acquire and operate one existing private medium size company in Tunisia with an acquisition value between TND 20.0 and TND 40.0 million. The target company will have stable recurring revenue and cash flow, straightforward operations, and a meaningful growth potential.

Upon the company acquisition, TASF intends to take over its management with a commitment to its ongoing success.

WHAT WE OFFER

TASF offers a unique opportunity for business owners looking to retire, to move on for new venture or seeking for liquidity. TASF provides owner-operators a transition plan for the next generation of the company.

Our investment is for the long-term and is focused on growing and preserving the legacy of the business. We will be dedicated to the ongoing success of the business and upholding the values and spirit of its culture and legacy. We are deeply committed to working with the management team, employees, and customers to bring the business to its greatest potential.

INVESTMENT CRITERIAS

Business

  • Privately owned
  • Strong reputation
  • Recurring revenues
  • Fragmented industry
  • Potential for operational improvements
  • Potential social impact

Financials

  • Company history of growth and profitability (> 15% EBITDA)
  • Minimum annual EBITDA DT 3M
  • Low CAPEX requirement
  • Realistic liquidity options

Industries of interest

  • Pharmaceutical / Health
  • Education
  • Agribusiness / Food industry
  • Financial services

Situations Not of interests: Start-ups, turnarounds, or minority investments

WHO WE ARE

TASF is an initiative formed by Slah KOOLI and TAEF. They are convinced of the opportunity that exists to build value in middle size business in Tunisia. TAEF has decided to support this initiative by participating in financing the company acquisition.

Slah KOOLI has over 21 years experience as senior executive in managing, transforming and growing businesses. Prior to TASF, Mr. KOOLI has driven the success of large and complex companies in Food industry as General Manager. Most recently, he served as CEO of a cereal Group in Tunisia. He is Chairman of the Board at Enda Inter Arabe (Micro Finance Institution). Mr. KOOLI graduated from Ecole Centrale de Paris in 1985. He also holds a post-graduate degree from Ecole Centrale de Paris. Mr. KOOLI is responsible for investment origination, transaction structuring, acquisition execution and management of acquired company.

The Tunisian American Enterprise Fund (TAEF) is a US Government financed fund, established in 2012. Initially capitalized at USD 20 million, TAEF grew to USD 80M in 2014 and expects to receive up to USD 20 million appropriations from the US Congress. The fund is scheduled to terminate in 2032 subject to extension. TAEF intends to strengthen small and medium enterprises, invest in sustainable growth, and create greater opportunities for Tunisians, with special focus on women, youth and investments in the interior regions.

TASF
Immeuble Zenith rue de la bourse
2 éme étage
Les jardins du lac 1053
T : +216 98 347 105
E : Skooli@tasf.tn