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CIEL Group
CIEL Group was established in 1912 and remains under Dalais family leadership. It functions as a publicly listed conglomerate headquartered in Mauritius with...
CIEL Group
CIEL Group was established in 1912 and remains under Dalais family leadership. It functions as a publicly listed conglomerate headquartered in Mauritius with activities concentrated in the Indian Ocean region. The firm deploys capital across agriculture, property, textiles, healthcare, finance, and hotels. Confirmed positions include ownership stakes in Bank One and BNI Madagascar. Geographic reach centers on Mauritius with additional exposure in Madagascar. Structures include joint ventures and co-investments with partners such as Amethis Finance and Proparco rather than broad fund-of-funds allocations. Team size and AUM figures remain undisclosed. Guillaume Dalais has maintained YPO Mauritius membership since December 2016. Arnaud and Jean-Pierre Dalais have each served as Chairman of Business Mauritius. Adjacent vehicles include the CIEL Foundation and Fondation Nouveau Regard. Ownership rests with the founding family branch, which has preserved control through listed operating companies and direct real-asset holdings.
General information
Firm type
Corporate Investor
Year founded
1912
AUM
Undisclosed
Location
Region
Africa
Country
Mauritius
City
Quatre Bornes
Corporate office
Quatre Bornes, Mauritius
Principals
Dalais Family
Founder
Sector focus
Frequently asked questions
Who runs investment decisions at CIEL Group?
The Dalais family retains oversight of capital allocation across operating clusters. Named family members have held chairmanships at Business Mauritius.
Does CIEL Group participate in fund commitments or only direct deals?
CIEL Group executes through direct holdings, joint ventures and co-investments. It maintains stakes in Bank One and BNI Madagascar alongside partners including I&M Group and Axian Group.
Where does the underlying wealth come from?
Wealth traces to the Dalais family branch that founded the group in 1912 and has maintained control through listed operating companies.
What investment stages does CIEL Group typically target?
The firm focuses on established operating businesses and real assets within its six core sectors rather than early-stage venture.
How is CIEL Group related to Axian Group?
CIEL Group partnered with Axian Group through Hassanein Hiridjee on the acquisition and management of BNI Madagascar.
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