Amethis Maghreb Fund I (ex. CNAV II)

Equity : May 2013

BIO has invested € 5 M in equity in the Amethis Maghreb Fund I SICAV-SIF SCA (AMF I), a closed-end private equity fund focused on the Maghreb region.

Amount

€ 5,000,000.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Private sector consolidation/innovation

Beneficiary locations

Middle East & North Africa: Morocco, Tunisia

Investment field

Investment Companies & Funds

Activity

SME Fund

Organisation

Amethis Maghreb Fund I (ex. CNAV II)

Domicile

Luxembourg

Amethis Maghreb Fund I is a EUR 100m private equity fund that invests growth capital into medium-sized enterprises in Morocco and opportunistically in other North African countries. The fund is expected to make investments in small- and medium-sized companies in sectors such as food processing, packaging, distribution and logistics, chemical and electrical industries, as well as health, education and agriculture.

Development impacts

  • Local economic growth

    AMF I will provide long term capital to SMEs, supporting the development of the private sector.

  • Private sector consolidation/innovation

    Beyond capital supply, the fund will provide strategic guidance to its investees to grow, improve their operations and institutionalise.

Made possible through this investment

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

Best Health

Morocco

Best Health distributes and installs technological medical equipment for hospitals and clinics in Morocco and Tunisia.

The company’s business portfolio includes radiotherapy, medical imaging and cardio-vascular equipment. It includes also surgical and prescription devices.

Best Health is part of the Group Best Financière, a major Moroccan group operating in retail, property and healthcare activities.

CMGP

Morocco

Exited

CMGP is a Family-owned player in the distribution and installation of equipment for drip irrigation in the agriculture sector.

Fully-integrated player in the PE/PVC tube business line with state-of-the-art production plant and exclusive technological expertise in PE Tube for agriculture.

Dislog

Morocco

Exit

Distributor of world-renowned brands : P&G, Fater, Mars, Kellogg’s, Duracell, Huwaei, Shell, etc..

Logistic platform: fleet of 780 vehicles and 26 regional warehouses

Fully integrated distributor from plant to consumer, covering Morocco and Mauritania

Disway Tunisia

Tunisia

Disway Tunisia is a distributor of computer and telecom hardware-software products. The company also provides services related to the sale of its products. It sells exclusively to B2B clients or wholesalers. Disway Tunisia is a majority-owned subsidiary of Disway SA, a Moroccan listed group set up in 2007 and engaged into IT distribution in Morocco.

Mutandis

Morocco

Established in 2008 Mutandis is a manufacturing company specializing in household and consumer goods. It also exports its products to Africa, Europe and the Middle East. The company has four main businesses detergents, seafood products, bottles and caps and fruit juices.

Separator

Morocco

Separator is a major player in secondary construction, removable partition walls and professional space layout. The company is organized around four main businesses removable partitions, wood and aluminum carpentry, façade cladding and windows.

WB Africa

Morocco

WB Africa is a vertically integrated communication group operating in North and Western Africa. Services are offered on the whole advertising chain through 3 business lines (i) Creation, (ii) Media planning and (iii) Digital advertising media.

View more of our investments in this region

Enda Tamweel

Financial Institutions

Enda Tamweel

  365,916.96

  Tunisia

  29/12/2020

  Equity

The Currency Exchange Fund n.v.

Financial Institutions

The Currency Exchange Fund n.v.

  7,091,000.00

  Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia

  05/09/2007

  Equity

Argan Infrastructure Fund LLC PCC (ARIF)

Investment Companies & Funds

Argan Infrastructure Fund LLC PCC (ARIF)

  6,000,000.00

  Algeria, Egypt, Morocco, Tunisia

  29/11/2011

  Equity

Maghreb Private Equity Fund IV

Investment Companies & Funds

Maghreb Private Equity Fund IV

  10,000,000.00

  Algeria, Egypt, Morocco, Tunisia

  29/11/2017

  Equity

Centrale Solaire de Bir El Haffey S.A.

Infrastructure

Centrale Solaire de Bir El Haffey S.A.

  4,830,000.00

  Tunisia

  20/09/2020

  Debt

Centrale Solaire de Bir El Haffey S.A.

Infrastructure

Centrale Solaire de Bir El Haffey S.A.

  14,937.25

  Tunisia

  03/07/2019

  Subsidy

Capital North Africa Venture Fund S.A.S

Investment Companies & Funds

Capital North Africa Venture Fund S.A.S

  3,000,000.00

  Morocco

  11/01/2006

  Equity

Tunisie Leasing & Factoring

Financial Institutions

Tunisie Leasing & Factoring

  15,000,000.00

  Tunisia

  17/12/2019

  Debt

Maghreb Private Equity Fund II

Investment Companies & Funds

Maghreb Private Equity Fund II

  6,000,000.00

  Algeria, Morocco, Tunisia

  29/06/2006

  Equity

AfricInvest Financial Inclusion Vehicle

Investment Companies & Funds

AfricInvest Financial Inclusion Vehicle

  10,000,000.00

  Morocco, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Zambia

  14/12/2017

  Equity

Enda Tamweel

Financial Institutions

Enda Tamweel

  8,000,000.00

  Tunisia

  21/06/2019

  Debt

Enda Tamweel

Financial Institutions

Enda Tamweel

  5,863,753.66

  Tunisia

  16/11/2017

  Equity

Maghreb Private Equity Fund III

Investment Companies & Funds

Maghreb Private Equity Fund III

  6,000,000.00

  Algeria, Morocco, Tunisia

  05/09/2011

  Equity

Maghreb Private Equity Fund III

Investment Companies & Funds

Maghreb Private Equity Fund III

  2,000,000.00

  Algeria, Morocco, Tunisia

  16/09/2014

  Equity