Final close for Amethis MENA II fund

Alternative fund manager Amethis and Edmond de Rothschild Private Equity announced the final close of the Amethis MENA Fund II (AMF II) on target at €120 million.

AMF II is the second fund of the Amethis franchise focused on the MENA region, its fifth fund in total, and targets majority and minority investments ranging from €5-15 million in fast-growing small-to-medium sized enterprises in Morocco, Egypt, Tunisia and Jordan.

AMF II has benefited from the support of development finance institutions such as the European Investment Bank (EIB), Proparco/FISEA, the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), Bpifrance and British International Investment (BII). It has also gathered, with its partner the Edmond de Rothschild Group, a large range of qualified private investors, representing altogether more than 40% of total commitments.

To date, AMF II has invested in two companies: Magriser, a distributor of micro-irrigation systems in Morocco; and Tarjama, a language technology and services firm in the MENA region.

Co-founders Luc Rigouzzo and Laurent Demey stated, “Our MENA strategy is one of the three pillars of Amethis’ global sustainable investment strategy aimed at developing an ecosystem of long-term investors and entrepreneurs in sub-Saharan Africa, North Africa and Europe. We are proud of the trust granted by our investors, especially in the current macroeconomic environment which is a testament to the quality of the Amethis MENA team, led by Wilfried Poyet, Adnane Zerhouni and Toufic Khoueiry, all three benefiting from field knowledge and experience in the region’s main markets.”

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