African Alpha Investment Partners (AIIP) has backed SERS Ltd, an Africa focused equipment financing company based in Mauritius.

The debt transaction was a refinancing of a facility raised and arranged by AAIP in October 2014, extending maturities and reducing the company's cost of borrowing.

The new facility also provided additional growth capital to allow SERS to finance further asset acquisition for its equipment financing clients, including those who have provided essential services to agencies active in the Ebola-affected countries of West Africa.

Rupert Boyd, Founding Partner of AAIP, said: "We are delighted to be able to support such a high quality team in their efforts to grow their business while at the same time provide such essential support to the community."

"It was a particularly difficult time for the region and it's a testimony to the commitment of the company and the company's clients that their expatriate management teams remained on the ground throughout the crisis working to provide a range of emergency support services which were so desperately needed," he added.