Madagascar: Investor exits textile company

Impact investment firm Investisseurs & Partenaires (I&P) has completed its exit from Madagascar-based textile company Ultramaille.

Founded in 1998, Ultramaille is a textile company specialising in knitwear and knitting. Based in Ambatomaro, this company founded by Frédéric Wybo currently employs more than 800 people and exports its production to Europe, the United States and South Africa.

I&P invested in Ultramaille in 2016 through its I&P Afrique Entrepreneurs 1 fund.


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