Amethis, a French private equity firm, secures a second investment from their pan-African Fund III.
In a recent development, French private equity firm Amethis has announced its second investment from its latest pan-African investment fund. The firm has acquired a minority stake in a Moroccan fruit and vegetable export business, marking the first bet from its new Africa fund.
Amethis, headquartered in Paris and managing $1.2 billion in assets, has monetized a six-year-old investment without disclosing specific details about the target company or the amount invested. The firm has backed over 40 mid-sized businesses in Africa and Europe, demonstrating its commitment to the continent's growth.
The investment comes as Amethis is expected to onboard a returning Limited Partner (LP) for its pan-African fund. However, no information about the returning LP has been disclosed.
Meanwhile, a separate partnership involving SPE Capital has acquired an Egyptian chemicals maker, but the details regarding the investment and the amount involved are not publicly available. The strategic benefits and expected growth for both the Moroccan export business and the Egyptian chemicals maker as a result of these investments have not been disclosed.
Amethis' first exit from its second fund was recently announced, marking a successful return for the firm. The firm continues to focus on making strategic investments in promising African businesses, contributing to the continent's economic growth and development.
