Fund manager dedicated to Africa and the Middle East, part of the Edmond de Rothschild group.
Criteria published by the fund, recorded and checked by Invest Matching.
- Investment ticket
- 10 M$ – 40 M$
- Instruments
- Equity
- Preferred sectors
- Financial services, Retail & distribution, Healthcare, Agribusiness, Manufacturing, Energy*, Telecoms & digital infrastructure*
- Target geographies
- West Africa, East Africa, North Africa, Côte d'Ivoire, Kenya, Morocco, South Africa*
* added from its deals
- Stages (stated by the fund and from its deals)
- Growth
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Recent public deals: they say better than a thesis what the fund actually signs.
Zamara Holdings
September 2026 · KenyaGrowthUndisclosed amountEquityFinancial servicesLead
Activity : Insurance
Instrument : Growth capital
Group founded in 1994 in Nairobi: insurance broking, pension administration and actuarial services in Kenya, Uganda, Tanzania, Rwanda, Nigeria, Malawi, DRC and the UAE; 3,700+ insurance clients.
Why they invested
- Accelerate digital capabilities
- Consolidate regional leadership and broaden the offer
- Organisational transformation and strategic partnerships
Team
- Sundeep Raichura — Group CEO
Source : amethis.comN1 · Primary source
Vertice MedTech
April 2026 · South AfricaGrowthUndisclosed amountEquityHealthcareCo-Lead
Activity : Medical devices and equipment
Instrument : Consortium buyout with management (seller: Ethos Private Equity)
Southern Africa's leading independent distributor of specialised medical devices and a healthcare software provider: 780 staff, 3 distribution centres, 7,000+ surgical procedures a month, exclusive agreements with 100+ manufacturers (Abbott, Stryker…). Acquired from Ethos Private Equity by Amethis, Proparco, ccap.ai and management.
Why they invested
- Independent leader with exclusive agreements with major manufacturers
- Data- and software-driven healthcare platform
- Management co-investing
Advisers
- Investec — financement, buyer side
- Bowmans — juridique (Amethis), buyer side
- DLA Piper — juridique (Proparco), buyer side
- Husemeyer Advisors — juridique (ccap.ai), buyer side
- FTI — due diligence financière, buyer side
- Cadena — due diligence commerciale, buyer side
- SLR — ESG et impact, buyer side
- Nedbank CIB — transaction, seller side
- Webber Wentzel — juridique, seller side
- EY — financier, seller side
Team
- Hendri Pretorius — CEO
- Jonathan Lowick — CFO
Co-investors ccap.ai, Proparco (Co-Lead)
Source : amethis.comN1 · Primary source
ADEMAT
March 2026 · Côte d'IvoireGrowthUndisclosed amountEnergyLead
Activity : Commercial & industrial energy
Instrument : Amount and stake undisclosed · Vehicle : Small & Mid Caps Afrique
Energy security solutions: distribution of generators, voltage regulation and transformation equipment (partners Kohler | SDMO, Leroy-Somer), installation, maintenance and rental; 100+ staff.
Why they invested
- Develop solar photovoltaics
- Accelerate ADEMAT's own brand
- Regional expansion in West and Central Africa through acquisitions and partnerships
- Ambitious ESG strategy, lower-carbon solutions
Source : amethis.comN1 · Primary source
Netis
November 2023GrowthUndisclosed amountEquityTelecoms & digital infrastructureCo-Invest
Activity : Telecom towers and fibre
Instrument : Prise de participation majoritaire
Netis provides telecom site maintenance, fiber-optic deployment and power-supply solutions across more than 15 countries in Sub-Saharan Africa.
Why they invested
- Capture the fast-growing African telecom installation and maintenance market
- Accelerate digital inclusion across Africa
- Support Netis' expansion into new countries
- Support the development of telecom and energy infrastructure
Co-investors AfricInvest, IFC (International Finance Corporation), Proparco
Source : amethis.comN1 · Primary source
September 2021 · South Africa GrowthUndisclosed amountEquityHealthcareCo-Invest
Activity : Pharmacy and drug distribution
Instrument : Prise de participation minoritaire
Avacare is a pan-African pharmaceutical distributor and manufacturer operating mainly in Southern Africa, with operations also in Kenya and several other African countries.
Why they invested
- Improve access to affordable and innovative treatments in Africa
- Support the group's expansion of manufacturing activities
- Benefit from the growth of the African healthcare market
- Support the strengthening of local pharmaceutical production capacity
Source : amethis.comN1 · Primary source
Nouvelle Minoterie Africaine (NMA)
February 2021 · SenegalGrowthUndisclosed amountEquityAgribusinessLead
Activity : Food processing
Instrument : Prise de participation minoritaire
NMA manufactures and distributes livestock and poultry feed, wheat flour and pasta, and also conducts trading activities.
Why they invested
- Build on strong brand equity
- Support a company holding significant market shares across several product categories
- Support the company's next stage of development
- Partner with an established Senegalese industrial player
Source : amethis.comN1 · Primary source
Groupe HMAO (Holding Médicale d'Afrique de l'Ouest)
November 2015 · Côte d'IvoireGrowthUndisclosed amountEquityHealthcareLead
Activity : Clinics and hospitals
Instrument : Minority stake by Amethis, with Amethis West Africa; amount not disclosed
Ivorian private healthcare group: six clinics, a dental clinic and a medical laboratory.
Source : amethis.comN1 · Primary source
Boulos Group / Elephant Africa Holding
August 2015 · NigeriaGrowthUndisclosed amountQuasi-equityManufacturingCo-Invest
Activity : Paper, board and printing
Instrument : Prêt convertible avec conversion en participation minoritaire · Vehicle : Amethis Finance
Elephant Africa Holding controls Bel Papyrus and Bel Impex, Nigerian producers of tissue paper, jumbo reels and hygiene products using recycled waste paper.
Why they invested
- Support the modernization of a family-owned business
- Support regional expansion in West Africa
- Leverage the company's industrial and commercial position in Nigeria
- Develop a local consumer-goods champion
Advisers
- Kyte Partners — Conseil financier, seller side
Co-investors EuroMena Fund III
Source : amethis.comN1 · Primary source
Amethis invests tickets ranging from 10 M$ to 40 M$, across the following sectors: Financial services, Retail & distribution, Healthcare, Agribusiness, Manufacturing, Energy, and Telecoms & digital infrastructure, in the following areas: West Africa, East Africa, North Africa, Côte d'Ivoire, Kenya, Morocco, and South Africa. Check in 30 seconds whether your company fits these criteria.
