Africa-Focused PE Firm Announces Closure Of Amethis II Fund After Exceeding Targets

By  |  June 26, 2019

Amethis, a private equity fund and investment company dedicated to Africa has announced the final closure of its second Pan-African fund having collected USD 426 Mn of investments from different investors.

Amethis, a private equity fund and investment company dedicated to Africa has announced the final closure of its second Pan-African fund having collected USD 426 Mn of investments from different investors.

The funds raised which exceeded the initial target of USD 341 Mn were collected from more than 70 investors from Africa and Europe.

“Amethis is also proud to have earned the support of several Development Financial Institutions, representing 30 percent of the Fund’s commitment: CDC, European Investment Bank (EIB), the International Finance Corporation (IFC), Proparco, DEG, as well as Bpifrance, the French public investment bank,” the company noted.

The Amethis II funding will provide growth capital to African mid-cap champions, through investments with an average ticket size of USD 11 Mn – USD 45 Mn.

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A key priority for Amethis Fund II is also the implementation of a rigorous and ambitious environmental and social strategy.

Sectors that are set to be benefit from the funding include industry, distribution, consumer goods, financial services, telecommunications, health and education.

The fund focuses on countries that have an economic growth driven by their strong domestic demand and that are resistant to global headwinds. The firm has offices in Abidjan, Casablanca, and Nairobi.

Managing Partners Luc Rigouzzo and Laurent Demey stated, “We would like to thank the over 100 direct and indirect investors who have shown their commitment to Africa and to the Amethis team, to those who have kept supporting us and to the many newcomers. With our partner the Edmond de Rothschild Group, we will continue to support the dreams and vision of African entrepreneurs, by bringing them not only capital but also the access to a broad network of partners.”

Johnny El Hachem, CEO of Edmond de Rothschild Private Equity, said, “Edmond de Rothschild has a long history in Africa and our partnership with Amethis over the last 8 years which reflects our conviction about the opportunity this continent offers for responsible long-term investments. As a strategic partner, we are convinced that Amethis has proved stability through its teams and proved the resilience of its strategy to accompany African entrepreneurs in developing sustainable growth and build regional champions. With this second fund, Amethis confirms its position as a key player on the African continent.”

Amethis says it “aims at bridging the gap between European private sector investors and African companies, creating a unique ecosystem and building bridges across sectors and regions, to the benefit of all stakeholders.”

Featured Image Courtesy: showmeinsitute.org

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