ATIC
(Tunisian Private Equity Association)
Introducing
The 2003-80 Law,
dated December 29, 2003, pertaining to the 2004
Finance Act, stipulates in article 51 the establishment
of association in charge of representing venture
capital stake holders in Tunisia.
Venture capital
investment companies, meeting on their February
27, 2004 constituent general assembly, have proceeded
to the signing of the birth document of their association:
The Tunisian Private Equity Association.
This association
gathers all of SICAR and third party management
companies specializing in private equity and established
in Tunisia.
The association
equally relies on its so-called members “associates”
whose affiliation is designed to enrich the debate
over private equity. These members hail from the
entire professional entities operating in Tunisia
and whose activities are linked to private equity,
namely: the Board of Certified Accountants and Auditors,
consultancy firms, the board of lawyers, the board
of engineers …
During the first
term, 2004-2005, whose chairmanship was carried
out by Mr. Alaya BETTAIEB, SODICAB’s C.E.O.,
the association focus was mainly on the improvement
of the sector’s visibility, training members
and instilling the trade’s good practices,
the examination and the management of the overall
problems attendant upon the business and weaving
ties with namely Europe, African and the Arab world.
The second term,
2006-2007, under the chairmanship of Mr. Riadh ABIDA,
will, especially, examine the appropriate mechanisms
for the development of private equity business in
Tunisia.
The main objective would be to boost private equity
in Tunisia and to create the ideal conditions for
the revival of the sector and for further partnership
projects, further involvement in national development
projects and business and job creation.
ATIC, through all its members, shall endeavour to
provide corporate business with a scheme of funding
offers as contributions in equity funds that are
profitable for the target firm, the venture capital
entity and for the economy in general.
