AfricInvest Europe has announced a strategic investment in Tecofi Group, a leading specialist in the design and manufacture of industrial valves, through its Fonds Franco-Africain 2 (FFA II). This investment strengthens Tecofi’s long-standing partnerships with Bpifrance and Garibaldi Participations, while also enabling the company’s management team to increase its ownership stake.
Founded in 1985, Tecofi has built a strong reputation for engineering and producing a wide range of industrial valves, including butterfly valves, knife-gate valves, taps, and check valves. These products serve critical, high-growth sectors such as water management, energy, HVAC, paper, agri-food, and chemicals. Today, Tecofi employs approximately 240 people across five subsidiaries spanning Europe, Africa, the Middle East, and Asia, and its products are distributed in more than 110 countries through a robust network of local partners.
With this new round of financing, Tecofi Group’s leadership team—Jean-Paul Colombel (Chairman) and Fabien Fayard (CEO)—plans to accelerate the company’s growth trajectory. The strategy combines organic expansion with targeted acquisitions, aiming to enter emerging markets such as nuclear energy and hydrogen technologies, while diversifying its product portfolio and customer base. Additionally, Tecofi will leverage the expertise and networks of its financial partners, particularly AfricInvest, to strengthen its footprint in Africa, where it already operates through a subsidiary in Egypt.
Commenting on the investment, Stéphane Colin and Khaled Ben Jennet, Partners at AfricInvest Europe, stated:
Through our eight offices across Africa—including Algeria, Côte d’Ivoire, Egypt, Mauritius, Kenya, Morocco, Nigeria, and Tunisia—we are proud to support Tecofi’s international expansion, especially its ambitions on the African continent. With nearly 25% of Tecofi’s revenue already generated in the Middle East and Africa, we see tremendous potential for continued growth in these regions.
