Amethis announce an investment in Energy Transfo !

Casablanca, September 27th, 2023 –

Amethis is pleased to announce that it has acquired a minority stake in Energy Transfo, a major player in the design and manufacture of solutions for the electricity and renewable energy sectors in Morocco.

Founded in 1989 and taken over by the Taariji family in 1994, Energy Transfo is a Moroccan company specializing in the manufacture and sale of transformers, electrical cabinets and compact urban substations, products that are at the heart of electricity distribution.

Energy Transfo’s aim is to convert medium-voltage electricity into low-voltage electricity, connect it to the grid and make it ready for use by households, industryindustry, and public services. The company has diversified over the last five years by creating a solar and electric mobility division, but also, and above all, through the creation of a customer support service that enables it to deepen its relationships with customers.

In over 30 years of existence, Energy Transfo has established itself as a benchmark reference player thanks to the quality of its products, its ability to adapt and its flexible customer relations. A tailor-made sales service has enabled them the company to acquire a leading position in French-speaking sub-Saharan Africa, where it has developed strong links with local and international players.

Through this investment, Amethis aims to support Energy Transfo in strengthening its position in Morocco and pursuing its growth in sub-Saharan Africa. This development has several strategic focuses, namely (i) consolidating its leading position on the Moroccan market by increasing its production capacity, (ii) continuing to penetrate the market in sub-Saharan Africa and (iii) operational and commercial optimization.

Nouzha Taariji (Managing Director of Energy Transfo) said: “We are delighted to welcome Amethis on board to further the development of Energy Transfo in Morocco and sub-Saharan Africa. Amethis’ investment comes at the right time to support us during this growth phase and help us achieve our ambition of becoming a key regional player in the electrification of the continent.”

Wilfried Poyet (Partner at Amethis, in charge of the operation) said: “This is a new achievement for Amethis in Morocco, and we are proud to be associatedpartner with a family business whose activity has a direct impact on the well-being of the population. We are delighted to support Nouzha Taariji, Othman Taariji (CEODeputy CEO) and their family in the development of their strategy”.

Capital Trust acted as financial advisor and transaction coordinator to Energy Transfo. Mouttaki Partners acted as legal counsel to Energy Transfo while DLA Piper advised Amethis. BDO, PPGM conseil and Ibis advised Amethis on financial and tax due diligence, operational due diligence and ESG due diligence respectively.

About Amethis

Founded by Luc Rigouzzo and Laurent Demey, and member of Edmond de Rothschild Private Equity Partnership, Amethis is an investment fund manager active in Africa and Europe, with assets under management of €1 billion and more than 30 or so investments to date. Amethis provides growth capital to promising mid-sized champions in a variety of sectors, offering growth support through its international network covering Europe and Africa. With six offices in Paris, Abidjan, Casablanca, Nairobi, Cairo and Luxembourg, the Amethis team includes 45 experienced professionals with strong regional and sector expertise.

About Edmond de Rothschild Private Equity

Edmond de Rothschild Private Equity is an independent entity within Edmond de Rothschild with over €4 billion in assets under management. Driven by an entrepreneurial approach to finance, underpinned by strong convictions, Edmond de Rothschild Private Equity builds and designs unique investment strategies to provide a sustainable response to environmental and social challenges.

Founded in 1953, the Edmond de Rothschild Group has €158 billion in assets under management, 2,500 employees and 29 offices worldwide.