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

Africa: Morocco, Tunisia

Middle East:

Investment field

Investment Companies & Funds

Activity

SME Fund

Organisation

Amethis Maghreb Fund I (ex. CNAV II)

Website

https://amethis.com/en/

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.