Paris-based private equity firm Amethis is hard-closing its second Pan-African fund after having collected €375m of assets from over 70 European and African investors. Amethis Fund II, which now closes to investors after exceeding its initial target of €300m, follows the same investment strategy than its predecessor fund Amethis I by providing growth capital to African mid-cap champions, through investments with an average ticket size of €10-40m. Amethis, founded by Luc Rigouzzo and Laurent Demey in partnership with the Edmond de Rothschild Group, manages two other funds, Amethis Fund I (Pan-African focus, €250m) and Amethis Maghreb Fund I (North African focus, €75m) and advises Amethis West Africa (West African focus, €45m). The firm´s private investors count both family offices, individuals and institutional investors from Europe and the Mediterranean. Amethis says it aims at bridging the gap between European private sector investors and African companies, creating a unique ecosystem and building bridges across sectors and regions, to the benefit of all stakeholders.

Source: The North Africa Journal June 19, 2019 08:26 UTC