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Supporting companies specialized in goods and services for low and middle-income population groups in Africa
Project
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Signature date
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Location
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Multi-country Global, Côte d'Ivoire, Egypt, Kenya, Morocco
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Financing tool
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Financing amount (Euro)
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20000000
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Financing details
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EUR 20m Equity Investment
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Customer
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Amethis Fund III S.C.A., SICAV-RAIF
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Type of customer
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Investment fund
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Country of headquarters
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Luxembourg
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Project number
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PZZ1687
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Environmental and social ranking
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IF-B
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco has invested in Amethis Fund III. The operation will support direct employment, as well as companies in the health, energy and non-banking sectors.
Client presentation
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 50 experienced professionals with strong regional and sector expertise. Amethis is a member of member of the Edmond de Rothschild Private Equity Partnership.
Project description
Amethis Fund III will target companies supplying goods and services to low and middle-income populations in Africa. The target sectors include healthcare, business services such as logistics & IT, manufacturing and distribution including agribusiness and fast-moving consumer goods, non-banking financial services, and services related to infrastructure and energy.
Project impact
Proparco’s participation in Amethis Fund III is expected to support over 18,000 direct jobs.
The project will contribute to SDG 5 (gender equality) and SDG 8 (job creation and economic growth).