Amethis, a French private equity firm, makes its second investment from the pan-African Fund III.
French Private Equity Firm Amethis Expands Presence in Africa with New Investments
In a move to bolster its presence in Africa, French private equity firm Amethis has made a series of strategic investments. The details of these investments, however, are not entirely clear.
Amethis, based in Paris and managing $1.2 billion in assets, has acquired a minority stake in a Moroccan fruit and vegetable export business. The identity of this business remains undisclosed, as does the exact nature of the stake acquired. It is also unclear if this investment is related to Amethis's pan-African investment vehicle mentioned earlier.
In a separate development, Amethis is partnering with two other entities to acquire an Egyptian chemicals maker. The location of the chemicals maker is Egypt, but the identities of the two partners and the nature of the partnership are not disclosed.
Amethis specializes in backing mid-sized businesses in Africa and Europe. Over the years, it has backed over 40 businesses, although the number of businesses in the context of these recent investments is not specified. The timeline for these investments is also not provided.
One of these investments marks the first bet from Amethis's latest Africa fund. This is not the first time Amethis is making a second exit from its Fund II, as it has done so before.
In addition to these investments, Amethis has secured the European Investment Bank's global development arm, EIB Global, as a partner for its latest investments in Africa. EIB Global has committed €25 million to Amethis Fund III, with a focus on job creation, particularly for women and young people.
The size or terms of these investments are not disclosed, nor is the location of the headquarters of the Moroccan fruit and vegetable export business. These investments underscore Amethis's commitment to supporting businesses in Africa and contributing to the continent's economic growth.
Read also:
- Catastrophe at a U.S. Steel facility in Pennsylvania results in the loss of two lives. crucial details unveiled
- Manipulating Sympathy: Exploiting Victimhood for Personal Gain
- Auto Industry Updates: Geotab, C2A, Deloitte, NOVOSENSE, Soracom, and Panasonic in Focus
- Exploring Money-Making Opportunities in Digital Gaming Worlds
