As stated by the IFC, the proposed project is an equity investment of up to €40 million into Amethis Fund III (Fund III or the Fund), a pan-African private equity fund, and a €30 million co-investment envelope. The Fund is targeting to raise €450 million to pursue growth capital and buyout investments in 10-12 mid-cap companies across Africa. The Fund will invest in various sectors including healthcare, non-banking financial institutions & services, business services (including logistics & IT), manufacturing and distribution. Fund III is a successor Fund to Amethis Fund II, a 2018 vintage with total commitments of €375 million, and Amethis Fund I, a 2012 vintage with total commitments of €275 million.
The Fund is a SICAR S.C.A. registered under the laws of Luxemburg. The Fund Manager has offices in Cote d’Ivoire, Kenya, Morocco, Egypt, Paris and Luxembourg.
The IFC categorized the project as FI-2.
As stated by the IFC, the Fund will be managed by a Luxembourg general partner: Amethis Fund III Management S.à.r.l..
The Fund Manager is co-led by Luc Rigouzzo and Laurent Demey.
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Amethis Investment Fund Manager S.A.:
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