GAETANO INVESTMENT LIMITED LBO is an investment fund (private equity) aims to invest in companies that we will selected according to certain criteria. The bottom specializes next goal of our intervention: Cross venture capital, growth capital fund, LBO funds that correspond to different stages of maturity of the company.

We invest primarily in companies disposed of by a group refocuses by a family where there is the problem of succession to help external growth of a dynamic actor in a concentration area or to remove the stock exchange business. The bottom of LBO finance acquisitions by much debt and has a very strong preference to have exclusive control over the company given the significant risk taken through leverage.

The bottom GAETANO INVESTMENT LTD is a development capital fund that is an investment fund whose objective is to become a shareholder in high-growth companies that have high financing needs in the form of equity.

Equity is the money brought by our shareholders on the future constitution of the company or later or left at the disposal of the company as retained earnings as dividends. They run the total risk of the company: if it goes wrong, they will not be paid (no dividend will be paid); if they file for bankruptcy.

If the bottom is fine the contrary, all profits go to them. The role of equity is twofold. Their primary function is to finance part of the investment. But their most important purpose is to serve as a guarantee to the company's creditors that finance the other part of the investment. The cost of equity therefore incorporates a risk premium.

In all, the importance of equity amount reflects the level of risk than accept to run the shareholders.

the investment fund or private equity GAETANO INVESTMENT LTD is a financial activity of an investor to enter the capital of companies that need equity. Non-listed companies.

The investment fund is made up a portfolio of investments by making private equity operations.

Our equity base is available in several forms:

- Venture capital to fund start up new businesses STARTUP, immobiliére development company and an investment bank in Europe, Africa, and the Middle East.

-the development capital to finance the development of growing businesses and major hoteliers and real estate groups in Europe, Morocco and Africa.

- Capital-transmission or LBO to accompany the transfer or assignment of the business of listed real estate companies in Egypt and Morocco.

- Capital-over to help the recovery of a company in difficulty.

* Either by purchase of existing shares from existing shareholders,

* Either by injection of new funds to the company in the form of newly issued securities underwriting by it (capital increase).

Our capitalists aim the realization, by sale or selling them to more or less long term (3 to 10 years depending on economic sectors) of capital gains. This "out" can be done over the counter.

Our objective is to invest in several areas of significant added value within a period of 5 to 7 years, this investment allows monitoring and analyzing banking businesses.

Our corporate finance management in which we will participate in the actions will be a platform for high-level international framework that réponderont any imflation Market.

This analysis allows to identify the time to buy shares and sell them according to the industry, the country, the new opportunities that we can participate.

Continuous training of our staff and with consultation with top international advisers, we can minimize the risk.

Among our objectives:

the Investment Fund Geatano INVESTMENT LTD is to open sucursales in several countries:

The agencies provided in 2015 in the continents:

• London• Moscow• Geneva• Hong Kong• Luxembourg• Singapore• Madrid• Stockholm, Dubai• Paris•Germany• Qatar• Kuwait.

Our advantage to invest in our investment fund:

The investment fund GAETANO INVESTMENT LTD provides welcome more investors wishing develop a continent that is a source of wealth hidden in undeveloped mines, a great source of renewable energy to create a god, gold deposit, d silver and copper are in the untapped Sahara core.

The base also invests in real estate projects, hoteliers, water, renewable energies, air and ground transportation, fuel distribution and gas oil through stations.

The bottom is placed in offshore zones to allow investors to invest outside of their country, to facilitate exchanges of investment and reduce the risk of business and been worth more.

We chose Africa first position of our investments as there is the potential for the future in the countries of Magrheb especially Morocco, Ivory Coast, the Congo, South Africa, senegal, and Mauritania strong potential future investment deposit.

We planned on these countries in international studies reflect a growth of 10% to 15% by 2017.

GAETANO INVESTMENT Limited is a mutual fund that seeks to make dividend income by investing at least 50% percent of its liquid assets in shares with higher dividend yield. Or, in other words, in the cheapest stocks. This strategy makes a profit when the stock declines

GAETANO INVESTMENT Limited has invested the money, unlike the capital of the debt is not repaid to investors in the normal course of business.

It represents the venture capital marked by the owners by purchasing common shares of the company (common stock).

The value of equity is calculated by estimating the current market value of any company-owned whose total liabilities are subtracted. On the balance sheet of the company, equity is classified as equity or equity owners. Also called equity financing or capital.

Planning, management, monitoring, organization and control of financial resources of the organization GAETANO INVESTMENT Limited.

The selection of assets is done within the strict framework of a methodology or a specific investment theme.

* An investment banking and insurance in Africa.

* Real estate: Spain, Russia, Estonia, Belarus, Malaysia, France, United Kingdom, United Emirates,Bahrein, Morocco, Senegal, Guinea, Mauritania, Cote d'Ivoire, in Cameroon, Nigeria, Sudan, Singapour, Hong Kong,Arabia Saoudi.

* hotel complex in Estonia, Morocco and Egypt.

* A convention center in Morocco.

* Agricultural Project dairy cow and fattening in Morocco.

* Project Hoteliere chain project in Morocco.

* Real estate project means and luxury residence in Morocco.

*Car dealership Project, truck and public works machine in Africa  (opening in July).

* Date palm farming project in Morocco.

* An aesthetic clinic in the United States, Ukraine and Morocco.

* Two transport companies in Belarus and Morocco.

* A company oil distribution, fuel (petrol and playground)

* A solar power plant of 500 MW and 500 MW wind farm in Africa.

* A door manufacturing company and Aluminum window and wood in Morocco.

* A real estate development company in Morocco.

* A component manufacturer company management company and car accessories in Morocco.

* A group management company property and hotel company in Egypt.

objective:

The Financial Analysis research report accompanying the background note explains in detail the reasons for the note.Il also gives a clear idea of the fund's strategy, which helps explain the behavior of funds in different market environments . We can thus understand how a fund may be part of a diversified portfolio.

His performance on the long term.

The long-term performance of the bottom relative to its peers and benchmarks (benchmarks).

The bottom exhibited low volatility reserve fewer surprises, its performance will be more stable over time. The investment horizon is longer, you might consider the more volatile funds out of a fund at any time.

Financial strength of the management company.

We take into account the financial structure of the management company, the stability of its workforce and method of compensation and benefit managers or chief financial officer of each agency in the world offshoring. We analyze the culture and the company's management philosophy.

The evaluation of the quality of the management team weighs much in the final note of a background. account is taken of the experience, skills, temperament, the workload, analytical support and the compensation structure.

A bottom is either process-driven or discretionary in Our selection criteria for assets.

Investment decisions are made by two people according to their personal judgments: President and CFO manager of the company's background.

The investment strategy

Many funds are classified as "diverse." That does not say much! To know that the bottom of the manager can (or can not) do.

We will check the consistency of the portfolio with the announced content management process. We us consult not only the historical risk indicators but also the portfolio's exposure (securities, sectors, countries, valuation, capitalization, etc.).

On reading the last detailed annual report of each company or group we find signs of inconsistency with the announced strategy, a little alarm bell should ring the board.

The performance report / risk

We identify periods of declines (March and August 2011, for example) on the market and study the behavior of firms during this period. If a company or Holding manages to resist during periods of falling markets, it is a good sign.

Management

GAETANO Investment Limited publishes the Total Expense Ratio (TER) from the bottom, which expresses the total costs associated with the management of funds in the amount of assets under management.

The TER is an important selection criterion for operating costs directly affect your return on investment. For example, if a fund shows a gain of 8% per year, but that this fund has a TER of 5%, the net gain fee is only 3%.

THE CHALLENGES OF CROSS: GAETANO INVESTMENT LIMITED THROUGH THESE AGENCIES: One of the bottom of the challenges is the INVESTMENT IN AFRICA: During the last decade, FDI in Africa has increased dramatically ... The FDI flows to Africa has been dramatic over the past decade:

Indeed, since the mid-90s, FDI inflows have become the main source of external finance for African countries and is more than double the official development assistance. The last 10 years of sustained growth in Africa has a purchasing power of households higher, now attracting investors as well as natural resources. In addition, rapid urbanization of African people also feeds the demand for new types of goods and services. Finally, outside of Egypt, Libya and Tunisia, continuity and political stability in middle-income countries to improve the business environment and thus promote long-term investments.

After three years of decline in 2009, 2010 and 2011, partly due to the global financial crisis, FDI in Africa erupted in 2012 to around [1] to $ 49.7 billion - a total flow of global FDI 1600 billion dollars, equivalent to 2.5% of Africa's GDP - against 42.7 billion in 2011, an increase of 16%.

The recovery of FDI in Africa is characterized by a face new investors on the continent. The contributions of OECD countries in terms of FDI in Africa - especially those of France and the United States - have declined by 20%, this decline was offset by the rapid FDI from emerging countries . The share of these accounted for almost 40% of the total investment to Africa in 2011 against 30% in 2003.

 

India, South Africa, UAE and China are the main, but not exclusive, locomotives increased South-South operations whose contribution increased from 99 projects in 2003 to 538 in 2011 and 319 in excess projects launched by the savings the OECD.

Of the four largest contributors, India, attracted by the consumption potential of the African middle class that he considers similar to his, has developed projects in a wide range of areas, including agriculture, health, energy, mining, infrastructure, telecommunications and automotive. The Indian private sector alone has invested nearly $ 16 billion in Africa since 2005.

Between 2007 and 2012, investments in South Africa in Africa increased by 65%. It is the African country that invests the most on the continent, especially in Mozambique gas production with its petrochemicals giant Sasol.

The growing interest of the United Arab Emirates for West Africa, Central and Northern resulted in the establishment of a comprehensive program incorporating no fewer than half a dozen activities

in agriculture, banking and energy, infrastructure, telecommunications, transport and services in general, and tourism.

Finally, China is a huge investment in Africa with over $ 75 billion invested in transportation, energy, mining and real estate between 2000 and 2011, equivalent to one fifth of the total investment. At the top destinations for China, Nigeria, Algeria, South Africa and Ethiopia are figurehead.

A progressive interest but shy African investors for their continent is underlined: Since 2003, intra-African FDI were multiplied by 2.3 and investment projects fell by only 27-145 in 2011. FDI intra -africain, largely driven by South Africa, Morocco, Nigeria and Kenya does not exceed 17% of total FDI. The Kingdom has adopted an offensive strategy of investment on the continent in various sectors: banking (Attijariwafa), food (Lesieur CristalProfi), mining (Managem) or industry (ONA). However, in general, the potential for intra-African investment remains untapped gold to confirm positive growth curve, African countries will have to increase in intra-African FDI is part of their development strategy and economic growth.

For an investment for many years in the resource sector was the motor flux, the trend is now to diversification. An interest in the services, manufacturing operations and original infrastructure investors. Extractive industries which constitute 8% of FDI projects in Africa in 2007, accounted for only 2% in 2012 [2]. At the same time,

 

This is the service that has experienced the largest increase: they represent 70% of FDI projects in 2012, against 45% in 2007.

To this end, focus on Chinese investment in Africa between 2005 and 2012 indicates that in seven years, metals and energy have increased from 75% of Chinese FDI in Africa (40% and 35% respectively) , agriculture accounted for only 2%. Chinese investments in Africa reflect the diversification trend that is taking place on the continent of the growing interest in services (finance sector accounts for 13%) and real estate (9%). Also note that Chinese economic activities in Africa are mainly focused on eight African countries (South Africa and Nigeria in the head) that capture 80% of Chinese investment.

FDI, through the establishment of multinationals in the host country, undeniably involved in job creation and quality jobs, better wages, skills transfer to local businesses, knowledge dissemination and increased competition that encourages local businesses to become more competitive. In addition, the indirect positive effects of FDI on working conditions in local businesses through the transfer of knowledge is also considerable.

.. And are expected to accelerate to $ 144 billion in 2020

All things being equal, the recovery of FDI in Africa, 2012-2013 will continue until 2020 and the continent should stir total FDI up to 144 billion by 2020.

Investments in the search for new markets, are set to increase across the continent as shown in the graph below cons.

A regional breakdown identifies several trends on the continent.

The opulence of natural resources in Nigeria, Niger and Ghana and diversification projects in the energy, manufacturing and information and communication, including Nigeria, will enable the West African recorded a dramatic increase in inward FDI flows that pass close to 18.15 billion in 2013 to nearly 65.69 billion dollars in 2020. Guinea, which has distinguished itself as a major recipient of FDI in 2011 could confirm this position with the investment of up to $ 6 billion by the public company China Power Investment Corporation in projects of bauxite and aluminum. However, it is not excluded that the political and military conflict in Mali and the Sahel security risks may darken prospects for investment in the region.

FDI flows to Central Africa will develop positively in 2020 to reach 28.21 billion dollars, three times more than the 82 received in 2012 the growth rate and FDI from the old 194% over seven years. The destinations for investors remain DRC, Congo and Equatorial Guinea, due to the abundance of natural resources,

 

including oil. In Equatorial Guinea, it is mainly the projects related to the exploitation of hydrocarbon deposits and natural gas reserves that are popular. Positive outlook are not sure if the conflict in North Kivu continues.

In East Africa, the recent discovery of new natural resources in Tanzania, Uganda and Kenya, allow a strong recovery of FDI in the region that could reach $ 18.5 billion in 2020. The increase in purchasing power of households, improving infrastructure and regional integration should trigger further investment in Kenya. In addition, the success of the partnership in trade and investment between the United States and the East African Community will allow the proliferation of FDI in the banking and telecommunications sector booming Kenya.

Between 2010 and 2011, FDI flows to North Africa increased from $ 13.8 to 5.8 billion dollars, a decrease of 57%. This contraction of FDI Unsurprisingly an investor reaction to the events of the Arab Spring, especially in Egypt, Libya, Tunisia and Mauritania. Indeed, if Tunisia saw its FDI inflows declined by 36% between 2010 and 2011, Morocco displays a IDE 2.5 billion similar to the one before the international crisis of 2008. Ditto for the Algeria, which has retained its FDI inflows to nearly $ 2.5 billion. It is generally observed that, despite the drop in total FDI in North Africa flows, inputs sequence confirms the dynamism and attractiveness of the region. In Morocco, several projects were presented as the acquisition of 40% of Meditel Orange French giant. After the investment of up to $ 1 billion of Renault in the country, it is the Indian car manufacturers Tata Motors and Nissan have shown interest in the Kingdom. According to forecasts, FDI flows in the region will experience steady growth over the next 7 years to nearly 17.38 billion dollars in 2020.

FDI in Southern Africa are expected to experience a significant increase from 2013, driven both by the oil sector in Angola, with the project announced in 2012 by Exxon Mobil an oil extraction facility in the amount of 2 5 billion, and the energy sector in South Africa, the liberalization of the sector should facilitate investment in productive activities. In addition, with the maintenance of Chinese investment in Angola concentrated in the oil, agriculture and construction, and the recent discovery of large gas fields off Mozambique, it is probably reasonable to predict a significant entry of FDI in the region in the coming decades. Nevertheless, the continuing crisis in the euro area, which affected trade between South Africa and the European Union as well as fiscal consolidation in the United States slowdown in global demand for commodities, may change these trends.

Thank you to the remarkable progress in economic governance that is to say in terms of institutions and regulations, Africa should be able to continue to attract foreign investors, if the economic crisis in the OECD countries and the uncertainties surrounding the economic recovery, particularly in the euro area, have no negative impact on investment in Africa. Furthermore, if several indicators show the progress of African countries in the seat of their credibility in governance, efforts are needed to eradicate corruption and build capacity in public governance and support the economy. Investor confidence is actually based on these aspects. Finally, the acceleration of the process of regional integration remains a prerequisite to further boost intra-African trade whose potential remains largely untapped.

The main shareholders are:

*  Fathi Youness: CEO.

* Hazel J Hill: Vice President.

The agencies provided in 2015 in the continents:

• Cardiff.

• London.

• Geneve

• Moscow.

• Hong .Kong.

• Dubai

• Luxembourg

• Singapore

• Madrid

• Stockholm, , Paris, Germany, Qatar, Kuwait...

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GAETANO Investment Limited in Loudoun House 207 Square,Cardiff CF105 JJ Wales United Kingdom.

Tel: 0044 29 2002  6246 /  00 44 75 5189 8265  /  00 212 626 280 523  Fax: 00 44 29 2050 1511

Email: contact@fundinvest.ma  SITE WEB:  www.fundinvest.ma