Amethis

Amethis is a Paris-based private equity firm, founded in 2012, specializing in long-term responsible investments across Africa. The company focuses on providing growth capital and long-term debt to mid-sized companies in diverse sectors such as financial services, industrials, healthcare, education, and impact investing. Amethis seeks to invest between €10 million to €40 million per transaction, targeting companies with annual revenues ranging from USD 10 million to USD 1 billion. The firm aims to be an active shareholder, offering support, expertise, and opportunities for external growth to its portfolio companies. Amethis has a strong commitment to Environmental, Social, and Governance (ESG) factors and impact investing, with a focus on gender equality, quality employment, and climate considerations. The firm has offices in Paris, France, and key African markets, including Kenya, Côte d'Ivoire, and Morocco.

Laurent Demey

Co-Founder and Managing Partner

Khady Koné-Dicoh

Senior Partner

Wilfried Poyet

Senior Partner

Luc Rigouzzo

Co-Founder and Managing Partner

Jean-Sébastien Bergasse

Senior Partner

35 past transactions

Kazareen Textile Group

Acquisition in 2025
Kazareen Textile Group is a textile and garment manufacturing company that specializes in producing a wide range of products including fabrics, linens, and ready-made garments. The company offers a comprehensive suite of services such as packaging, cutting, finishing, dyeing, and knitting. Notably, it operates a vertical weaving factory that produces high-quality towels, primarily used by hotels. Kazareen Textile Group's product line encompasses cotton and polyester fabrics, cotton blend fabrics, performance fabrics, sportswear, and uniforms, catering to diverse consumer needs. Additionally, the company is involved in the design, production, and marketing of retail and distribution of quality textiles and brand-name products, serving customers on a global scale.

GlobalCorp

Private Equity Round in 2024
GlobalCorp provides a complete range of leasing, factoring, and non-banking financial services for corporate, entrepreneurs, and SMEs.

BBI

Private Equity Round in 2024
BBI is an IT company that specializes in data virtualization, artificial intelligence, cloud migration, big data, and analytics.

Energy Transfo

Private Equity Round in 2023
Energy Transfo is a manufacturer specializing in sustainable energy solutions. It designs, produces, and maintains medium- and low-voltage electrical distribution products, including transformers, electrical cabinets, and compact urban substations. These products facilitate the conversion of medium-voltage electricity into low-voltage, ensuring clients have the necessary energy for their operations.

Marcyrl Pharmaceutical

Private Equity Round in 2023
Manufacturer of specialty generics medicines and products intended to discover research, develop and manufacture innovative promising new products and new therapies that are fully devoted to people's health. The company has its own research and development unit focused on developing products, especially for cardiology, chest, dermatology, gastroenterology and obesity, thereby innovating across products, particularly in high-growth areas of specialty generics.

Tarjama

Venture Round in 2021
Tarjama is a certified translation agency based in Dubai that offers a comprehensive suite of language-related services. Recognizing the importance of effective communication in today's global market, Tarjama provides translation, proofreading, transcription, content writing, and subtitling services, allowing businesses to connect with customers and stakeholders in culturally relevant ways. With a smart language platform, the agency enables organizations to produce and manage multilingual content efficiently, addressing the unique linguistic and cultural needs of the Middle East. By leveraging its expertise, Tarjama helps clients transcend geographic borders and engage effectively in diverse markets.

Avacare Health

Private Equity Round in 2021
Avacare Health is a manufacturer and distributor of pharmaceuticals and healthcare consumable products. The company specializes in providing medical supplies and equipment designed for healthcare professionals, caregivers, and individuals. Its extensive product range includes wound care supplies, incontinence products, mobility aids, and respiratory equipment. In addition to these items, Avacare Health offers educational resources and various health-related services, aiming to enhance the well-being of its clients and improve the quality of life for their customers.

Magriser

Acquisition in 2021
Magriser is a distributor and importer of irrigation equipment based in Mohammedia, Morocco. The company specializes in providing a range of products including PVC pipe, micro-irrigation pipes, basin coating, connection accessories, filtration systems, solar panels, and drippers. Magriser's services extend to the installation of micro-irrigation equipment and solar pumping systems, which assist farmers in reducing water usage while enhancing agricultural productivity by ensuring plants receive the optimal amount of water and nutrients.

Naivas

Private Equity Round in 2020
Naivas is a prominent supermarket chain in Kenya that offers a comprehensive range of products through both physical retail outlets and an online platform. With an extensive selection of over 60,000 grocery items, Naivas caters to diverse customer needs, including food items, household products, and personal care essentials. The company emphasizes quality and affordability, ensuring that customers can access top brands and essential goods. Naivas also provides a convenient online grocery shopping experience, featuring a variety of departments such as fresh food, baby products, cleaning supplies, and more. Additionally, they offer a rapid grocery delivery service across Nairobi, enhancing the convenience for customers shopping from home or office. Naivas is committed to simplifying grocery shopping while delivering quality products to the Kenyan market.

Merec Industries

Private Equity Round in 2018
Merec Industries, SA is a manufacturer based in Maputo, Mozambique, specializing in wheat and maize-based products. Established in 1998, the company produces a diverse array of food items, including wheat and maize flours, pasta, biscuits, and animal by-products such as dog food and meat feed. The company serves both the Mozambican and South African markets, with additional offices located in Machava, Beira, and Nacala. As a family-owned business, Merec Industries aims to expand its presence in the Southern African Development Community (SADC) region and evolve into an integrated multinational packaged food group.

CFG Bank

Private Equity Round in 2018
CFG Bank is a financial services company that operates primarily in investment banking, focusing on four main business lines: corporate finance, stock market activities, asset management for third parties, and investment capital. The bank emphasizes a strong value system centered on the quality of its workforce, fostering a customer-centric culture, promoting innovation, and demonstrating a commitment to excellence. Through these principles, CFG Bank aims to provide comprehensive financial solutions while maintaining high standards of service and performance.

Groupe Premium

Private Equity Round in 2018
PREMIUM Group is a capital goods distribution company present in 7 West African countries: - Burkina Faso - Cameroon - Ivory Coast - Mali - Morocco - Senegal - Togo Premium Group is present in Morocco, at through its subsidiaries SRM, Ets BERENGER, SOCOPIM, AFIT-CCIC, Premium Rental and Premium Offshore. Our capital equipment offer covers diversified sectors: construction, mining & quarrying, industry, transportation, logistics and agriculture. Premium Group has developed a portfolio of brands that stand out for their reputation and the competitive advantage they provide in the African markets in terms of robustness and lifespan. Our value proposition includes sale and import of equipment, sale of spare parts, after-sales service and maintenance. We can also offer rental and fleet management solutions, depending on your needs. Whether you work with one or more of our subsidiaries, you are sure that all our employees are fully committed to serve you and motivated to find solutions tailored to your needs

Afriwara Group

Private Equity Round in 2018
Afriwara Group is a producer and distributor of confectionery products and biscuits, primarily serving the West African market. The company manufactures a diverse range of offerings, including sweets, gums, biscuits, and chips, with production facilities located in Abidjan, Côte d'Ivoire, and Accra, Ghana. Through its commitment to quality and local tastes, Afriwara aims to meet the growing demand for confectionery items in the region.

Sodigaz

Private Equity Round in 2017
Sodigaz Group is a leading company in Burkina Faso specializing in the distribution of liquefied petroleum gas (LPG) bottled gas. As one of the pioneers in the sector, Sodigaz aims to promote the use of butane gas among households, providing an efficient alternative to traditional fuels such as firewood and charcoal. The company's products are designed not only to enhance convenience for consumers but also to contribute to environmental protection and health improvement by mitigating the negative impacts of deforestation and reducing associated health risks. Through its initiatives, Sodigaz plays a significant role in promoting sustainable energy solutions in the region.

Mutandis

Private Equity Round in 2017
Mutandis is an industrial group based in Morocco, focused on the production and distribution of consumer goods across Africa. The company operates in three primary sectors: detergents, seafood products, and food bottles, with a product range that includes cleaning products and fruit juices. Mutandis is dedicated to brand development and has expanded its reach by exporting products to over 40 countries. Through its diverse offerings, the company aims to meet the growing demand for quality consumer goods in the region.

WB Africa

Private Equity Round in 2017
WB Africa is an independent communication network based in Casablanca, Morocco, with operations across North Africa and French-speaking West African countries, including Algeria, Tunisia, Libya, Mali, Senegal, and Côte d’Ivoire. Founded in 2016, the company specializes in strategic consulting, media services, and digital communications. Its offerings encompass web marketing, advertising management, event planning, audiovisual production, and editorial services. By focusing on growth and brand-building, WB Africa aids clients in their business development through innovative ideas and comprehensive marketing strategies. The company is dedicated to enhancing its clients’ visibility and engagement within their respective markets.

Kenafric Industries

Private Equity Round in 2017
Kenafric Industries Ltd., established in 1987 and headquartered in Nairobi, Kenya, is a Pan-African consumer goods manufacturer and distributor. The company produces a diverse range of products, including confectionery such as chewing gum, lollipops, toffees, candies, and powdered juice; food items like stock cubes, curry powder, and mchuzi mix; footwear comprising slippers and gumboots; and stationery including exercise books. With a distribution network spanning Kenya, Uganda, Tanzania, the Democratic Republic of Congo, Ethiopia, Rwanda, and other East African countries, Kenafric Industries Ltd. aims to deliver customer satisfaction through quality products and services.

Petro Ivoire

Post in 2016
Petro Ivoire SA is a company based in Ivory Coast, focused on the distribution of petroleum products and derivatives, as well as the operation of gas stations. The company markets a range of products including diesel fuel, super unleaded gasoline, kerosene, lamp oil, lubricants, asphalt, fuel oil, and liquefied petroleum gas (LPG) to various customers including individuals, professionals, maritime operators, and industries. Additionally, it supplies butane and bitumen, which are essential for road construction. Petro Ivoire operates 25 service stations across the country, providing convenient access to fuel for both petrol and gas-run vehicles.

Best Health

Private Equity Round in 2016
Best Health is a company based in South Africa that specializes in the distribution and installation of advanced medical equipment for hospitals and clinics in Morocco and Tunisia. Established in 2004, it provides a range of products including radiation therapy systems, medical imaging devices, cardiovascular equipment, and surgical instruments. The company's focus on high technology medical solutions supports healthcare facilities in enhancing patient care and operational efficiency.

Helios Towers DRC

Debt Financing in 2015
Helios Towers DRC is a leading provider of telecommunications infrastructure in Africa, specializing in the construction and maintenance of telecommunications towers. As the first independent tower company on the continent, Helios Towers DRC has developed a substantial network, boasting over 6,500 towers across multiple markets. The company offers passive infrastructure services, leasing tower space to wireless telecommunications service providers, thereby facilitating improved connectivity in one of the world's fastest-growing regions. By focusing on the building and maintenance of these vital structures, Helios Towers DRC plays a crucial role in enhancing telecommunications services throughout Africa.

Novamed SA

Private Equity Round in 2015
Novamed is the largest operator in the healthcare sector in Ivory Coast. The Group includes six medical clinics, one dental clinic and one laboratory, representing a total of 250 beds. Novamed has a high growth potential, driven by increasing demand for high quality healthcare services from the middle class.

Ecobank

Debt Financing in 2015
Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, provides a range of retail, corporate, and investment banking services across Africa and internationally. Its operations include Corporate & Investment Banking, Commercial Banking, and Consumer Banking, offering products such as current and savings accounts, loans, cards, and digital banking services. The bank serves a diverse clientele, including individuals, small and medium enterprises, multinationals, government agencies, and non-governmental organizations. With a network of 888 branches and over 2,460 ATMs, Ecobank facilitates various financial services, including treasury, cash management, remittance, and bancassurance. Subsidiaries such as Ecobank Nigeria Limited and Ecobank Zimbabwe Limited extend its services, focusing on commercial and retail banking tailored to local markets.

Elephant Africa Holding

Private Equity Round in 2015
Elephant Africa Holding is the producer of tissue paper products.

Boulos Enterprises

Debt Financing in 2015
Boulos Enterprises is a prominent distribution and trading company in Nigeria, specializing in commercial motorcycles, power bikes, tricycles, and outboard motors. The company boasts a diverse portfolio of internationally recognized brands, including Aprilia, Moto Guzzi, and Haojue, and serves as the sole importer and distributor of Suzuki products in the region. Boulos Enterprises is committed to enhancing societal and environmental well-being by utilizing modern technologies that are specifically adapted to the road and climate conditions of Nigeria. Through its focus on quality and innovation, the company plays a significant role in the transportation sector, meeting the growing demand for reliable and efficient mobility solutions.

Disway

Private Equity Round in 2015
Disway is a leading distributor of IT products in Morocco, formed in 2010 through the merger of Distrisoft and Matel PC Market. The company specializes in wholesale distribution of computer and telecommunications equipment, providing a comprehensive portfolio that includes desktop PCs, laptops, tablets, smartphones, software, servers, networking equipment, and various accessories. Disway also offers products from major international brands in the software and hardware sectors. In addition to its operations in Morocco, the company extends its services to Tunisia and several countries in West and Central Africa. Disway is recognized for its commitment to quality, holding ISO 9001 certification.

Econet Wireless Global

Debt Financing in 2015
Econet Wireless Global is a leading telecommunications provider, primarily known for its extensive mobile and fixed wireless telephony services. Established in Zimbabwe in 1998, the company has significantly expanded its network, becoming the largest telecommunications operator in the country. Econet offers a wide range of services, including internet access, payment solutions, and enterprise networks, while also pioneering data services with the introduction of 3G technology. The company has invested in building a comprehensive fiber optic network and continues to enhance its infrastructure to accommodate a growing subscriber base. In addition to telecommunications, Econet has diversified into various sectors, including fintech, cloud services, and data centers. The company's mission focuses on empowering individuals through technology to foster economic growth, and it actively engages in social responsibility initiatives that support education and community development across Zimbabwe.

NSIA

Private Equity Round in 2015
NSIA operates in insurance, banking and finance, and real estate businesses. It provides life insurance products; and non-life insurance products, including automotive, home and property, transport, and personal accident. The company also offers checking accounts, savings accounts, term deposits, savings certificates, and bank assurance products; commercial loans, personal loans, mortgages, and leasing; other services, such as transfers, foreign exchange, asset management, electronic banking, and money transfers; and financial engineering, trading, asset management, product portfolio management, and finance research services.

CIEL Group

Private Equity Round in 2015
CIEL Group, a Mauritian conglomerate, operates in six distinct sectors: textile, agro, finance, healthcare, hotels & resorts, and property. Its healthcare arm, Ciel Healthcare Limited, invests in and manages secondary and tertiary healthcare assets across Sub-Saharan Africa, following a 'Buy and Build' strategy. CIEL Finance Limited serves as the financial platform of the group, overseeing its banking, fiduciary, and portfolio management activities. The group's diverse portfolio spans from sugar production and textile manufacturing to hotel management and property development, with a strong presence in Mauritius and expanding footprint in Africa.

Ramco Plexus

Private Equity Round in 2014
Ramco Plexus operates as a holding company primarily focused on printing and packaging services in East Africa. The company provides a wide range of offerings, including offset and digital printing, flexographic and gravure flexible packaging, and the manufacture of corrugated cartons and polystyrene products. Additionally, Ramco Plexus specializes in polythene extrusion and packaging solutions, large format printing, and point-of-sale (POS) solutions. Its diverse portfolio also includes branded promotional items, apparel, labels, and press supplies, catering to various clients across multiple sectors.

CDCI

Private Equity Round in 2014
CDCI, originally established as Compagnie Francaise de Cote d'Ivoire in the late 19th century, transformed into the Ivory Coast Distribution Company in 1989 after a restructuring. The company specializes in the distribution and marketing of consumer products, primarily those from Unilever, across Côte d'Ivoire. Under new ownership since 2002, CDCI has adopted a dynamic commercial strategy focused on proximity to customers by establishing numerous retail outlets throughout urban and rural areas. The company emphasizes high-quality product offerings and aims to address the diverse needs of its clientele. With over one hundred wholesale and retail stores, CDCI boasts the largest distribution network in the nation. Additionally, the company is committed to corporate social responsibility, actively engaging in various community initiatives and supporting charitable endeavors in Ivory Coast. Its management approach prioritizes empowering employees and fostering a motivated workforce aligned with clear objectives.

Fidelity Bank Ghana

Venture Round in 2014
Fidelity Bank Ghana Limited is a commercial bank based in Accra, Ghana, established in 2006. It offers a range of banking products and services, including current and savings accounts, time deposits, internet banking, SMS banking, and money transfer services. The bank caters to various clients through executive and private banking, corporate finance, retail banking, mortgage, trade, wholesale banking, and treasury services. Additionally, Fidelity Bank Ghana supports government objectives in electrification and power generation by financing independent power providers and facilitates importation of refined crude oil. It also provides advisory services, issues securities, raises capital, and manages portfolio investments for clients through its subsidiaries. The bank is committed to meeting the financial needs of low-income customers, small-scale entrepreneurs, and rural communities.

Separator

Private Equity Round in 2014
Separator is a company that specializes in decoration, construction, and furnishing services tailored for various sectors, including finance, services, and the public sector. It offers a diverse range of services, including movable partitions, wood and aluminum carpentry, facade construction, and flooring and wall solutions. Additionally, Separator provides finishing work and designs professional space layouts, enabling companies to create an inviting and functional work environment. By focusing on quality and affordability, Separator aims to meet the needs of its clients in designing and executing effective workspace solutions.

Velogic

Private Equity Round in 2013
Velogic Ltd. is a logistics company based in Port Louis, Mauritius, offering integrated services across various sectors including consumer goods, retail, fashion, healthcare, technology, and construction. Founded in 2009, the company provides a wide array of services such as freight forwarding, customs clearing, domestic transport, warehousing, container and project cargo handling, and aviation cargo services. Additionally, Velogic specializes in customs brokerage, stevedoring, parcel and courier services, and unique offerings like special sugar packaging. With a global presence that includes offices in France, India, Madagascar, Mozambique, Reunion Island, and Bangladesh, Velogic Ltd. operates as a subsidiary of Rogers and Company Limited, emphasizing its commitment to efficient and comprehensive logistics solutions.

UT Bank Ghana

Debt Financing in 2013
UT Bank Ltd. provides various commercial banking services to individuals, enterprises, corporations, residents, non-residents, associations, and government agencies in Ghana. Its products and services include all-in-one, current, fixed deposit, foreign currency, foreign exchange, savings, unique, and young saver's accounts; various investment products; loan products, such as social and business loans; and business advisory services, including business financing, investment management, organizational restructuring, and portfolio management services.

Petro Ivoire

Private Equity Round in 2013
Petro Ivoire SA is a company based in Ivory Coast, focused on the distribution of petroleum products and derivatives, as well as the operation of gas stations. The company markets a range of products including diesel fuel, super unleaded gasoline, kerosene, lamp oil, lubricants, asphalt, fuel oil, and liquefied petroleum gas (LPG) to various customers including individuals, professionals, maritime operators, and industries. Additionally, it supplies butane and bitumen, which are essential for road construction. Petro Ivoire operates 25 service stations across the country, providing convenient access to fuel for both petrol and gas-run vehicles.
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