PROJECT

Projects

Summary of Investment Information

Project Number

40245

Company Name

AMETHIS FUND II S.C.A., SICAR

Date SPI Disclosed

Nov 9, 2017

Country

Africa Region

Region

Africa

Projected Board Date

Mar 7, 2018

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2023

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Mar 7, 2018
Signed : Jun 14, 2018
Invested : Jul 17, 2019

Sector

Growth Equity Fund

Project Description

 The proposed project is for an equity investment of up to €15 million in Amethis Fund II SICAR S.C.A. (the “Fund”), a 10-year closed-end generalist private equity fund targeting mid-market companies in financial institutions, fast moving consumer goods, healthcare, agribusiness, education, IT and telecommunication. The Fund will invest in several African countries including Kenya, Côte d'Ivoire, Nigeria, Cameroon, Ghana, Zambia, Tanzania, Mozambique, Ethiopia., Morocco and Mauritius. The Fund is seeking to raise €300 million of total committed capital.                                                  

Associated Advisory Engagement

 IFC’s advisory engagement will explore providing expertise and support to Amethis where necessary, particularly on matters related to ESG training and facilitation.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation