AMETHIS SET FOOT IN MOROCCO BY TAKING OVER THE MANAGEMENT OF THE FUND CAPITAL NORTH AFRICA VENTURE II (CNAV II)

Amethis is pleased to announce it has taken over the management of Capital North Africa Venture II (CNAV II). Indeed, the investors behind CNAV II have decided to change the fund manager by appointing Amethis Maghreb as the new manager. The fund has been renamed Amethis Maghreb Fund I (AMFI).

CNAV II: €75m of commitments and having built a portfolio composed of 7 companies

CNAV II has been launched in 2012 by its manager Capital Invest, with the objective of financing the development of North African SMEs. CNAV II has raised €75m, supported by a pool of international investors (BEI, BERD, BIO, BPI, CMCIC, IFC et OBVIAM) and local (RMA). Since 2012, CNAV II has built a portfolio companies of 7 companies:

Name

Dislog
Separator
CMGP
Disway Tunisie
Best Health
WB Africa
Mutandis

Country

Morocco
Morocco
Morocco
Tunisia
Morocco
Morocco
Morocco

Year

2014
2014
2015
2015
2016
2017
2017

Sector

Distribution
Construction
Agriculture
Distribution
Health
Advertising & Media
FMCG

A larger Moroccan portfolio for Amethis

Amethis had already realized its two first Moroccan investments in the first semester of 2018: in Groupe Premium, specialist of the distribution of industrial goods for industry, mining, transport and agriculture, and CFG Bank, a universal and multi-canal local bank with an innovative offer. With the takeover of CNAV II, Amethis confirms its interest for North Africa and now manage a portfolio of 9 companies in the region.

A strengthened presence

Naturally, Amethis sets up a local office in Casablanca, with a team composed of two investment directors and one associate:

Wilfried Poyet : Investment Director
Recruitment in progress : Investment Director
Abel Rossignol : Associate

Amethis has also recently consolidated its footprint in East Africa with the opening of a new local office in Nairobi, Kenya.

About Amethis. Amethis is an independent private equity fund manager, targeting African fast-growing SMEs. Amethis has been created in 2012 by Luc Rigouzzo and Laurent Demey, in partnership with Edmond de Rothschild Private Equity.

Amethis is composed of experienced investors who dedicated their careers to long-term investment and advisory services on the African continent. Amethis positions itself at the center of a network of investors, corporates and public and private financial institutions, sharing a reputation of professionalism and integrity. Active and committed shareholder, Amethis has close to €600m under management. Amethis is composed of experienced investors who dedicated their careers to long-term investment and advisory services on the African continent. Amethis positions itself at the center of a network of investors, corporates and public and private financial institutions, sharing a reputation of professionalism and integrity.

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