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About Us

SPE Capital is a boutique private equity firm formed in 2016 from a spinout from Swicorp, a leading regional investment banking firm



covering over 30 markets


Funds deployed

in predominantly growth equity



across the MEA region


Team members

with 50 years of combined investment experience



in Tunis, Cairo, Casablanca
and Abidjan



including leading DFIs, family offices and HNWI

Our values

World class professional excellence and commitment
to the highest ethical standards

Professional Excellence

SPE Capital strives to provide the highest levels of quality in everything it does in order to deliver exceptional service. We strive to attract, develop and retain the best people from many diverse backgrounds and cultures.


SPE Capital focuses on building lasting relationships based on trust and mutual respect. We foster a culture in which the interests of clients and investors are placed ahead of those of the company and employees are encouraged to always go ‘the extra mile’ to help realize their goals.


SPE Capital has an unyielding commitment to the highest standards of ethical behavior, corporate governance and compliance with all laws and regulations wherever the firm conducts business.


SPE Capital has an engrained performance-driven culture which encourages leadership, creativity and accountability, with each individual expected to share an owner’s mentality and take personal responsibility for delivering value for clients and investors.

Teamwork & Collaboration

SPE Capital seeks to foster a strong culture of teamwork and collaboration with a ‘One Firm’ approach in order to leverage its expertise, resources and network of relationships and ensure that its full range of skills, insights and experience may be used for the benefit of clients and investors.

Our investments

We focus on a select number of sectors including manufacturing
production and processing, services to industry
and human capital

News & Media


Stéphane Heuzé

SPE Capital is pleased to announce that Stéphane Heuzé has joined the firm as a Managing Partner, to be based out of the Casablanca office.

Superadmin 1 October 2020

Saham Pharma

SPE AIF I and Proparco acquire Saham Pharma, a leading antibiotics manufacturer and major hospital provider in Morocco

Superadmin 10 April 2020

Dislog Group

SPE AIF I invests in H&S Invest Holding Group, the leading fully integrated FMCG distributor in Morocco

Superadmin 26 June 2019