IFC mulls investment in Amethis fund

The IFC is proposing an equity investment of up to €12.5 million, capped at 20% of total commitments, in Amethis MENA Fund II, a closed-end private equity fund to be domiciled in Luxembourg.

The fund seeks to make equity investments of between €5-15 million per company in around 15 high-growth small and medium enterprises in the Middle East and North Africa (MENA). The fund will focus on consumer, healthcare, education, business services, manufacturing and technology sectors.

The fund’s target fund size is €150 million.

Amethis MENA Fund II is registered under the laws of Luxembourg. The fund’s investments will primarily be in Morocco and Egypt and selectively in other countries in MENA.

Are you seeking private equity or venture capital investment to grow your company? Africa Private Equity News now offers you the opportunity to connect with investors backing African businesses. Contact us at editor@africaprivateequitynews.com for our rate card and more information.