Key Takeaways
- • The International Finance Corporation (IFC) has disclosed a proposed equity investment of up to €25 million in Amethis MENA Fund III, alongside a €15 million co-investment envelope, according to Africa Private Equity News.
- • The IFC commitment would not exceed 20% of the fund's total committed capital.
- • Amethis MENA Fund III is targeting €200 million and plans minority and majority stakes in companies primarily in Morocco and Egypt, with selective opportunities in Tunisia and Jordan.
- • The fund's target sectors are business services, healthcare, manufacturing and distribution, infrastructure and energy-related services, and technology.
- • Amethis MENA Fund III succeeds Amethis MENA Fund II, a 2021-vintage fund with €120 million in commitments.
Summary
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has disclosed a proposed investment of up to €25 million in Amethis MENA Fund III, a Luxembourg-structured SICAV-RAIF vehicle managed by Amethis. Per IFC's project disclosure, the equity commitment would not exceed 20% of the fund's total committed capital. IFC has also outlined a co-investment envelope of €15 million alongside the fund commitment.
Amethis MENA Fund III is targeting €200 million in total commitments. The vehicle plans to acquire minority and majority stakes in companies primarily in Morocco and Egypt, with scope for selected investments in Tunisia and Jordan. Target sectors include business services, healthcare, manufacturing and distribution, infrastructure and energy-related services, and technology.
The fund is a successor to Amethis MENA Fund II, a 2021-vintage fund that closed with €120 million in commitments. Publisher reporting on the IFC disclosure indicates the proposed commitment is intended to strengthen the fund's capacity to back companies that support employment and innovation in the region.
Amethis MENA Fund III is targeting €200 million in total commitments. The vehicle plans to acquire minority and majority stakes in companies primarily in Morocco and Egypt, with scope for selected investments in Tunisia and Jordan. Target sectors include business services, healthcare, manufacturing and distribution, infrastructure and energy-related services, and technology.
The fund is a successor to Amethis MENA Fund II, a 2021-vintage fund that closed with €120 million in commitments. Publisher reporting on the IFC disclosure indicates the proposed commitment is intended to strengthen the fund's capacity to back companies that support employment and innovation in the region.
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