After making its first investment in the irrigation sector in Morocco last March, Amethis Mena Fund II announces its first closing with the support of several international investors.
Amethis completed at $ 101 million the first close of its Amethis Mena Fund II vehicle, focused on growing SMEs in North Africa and the Middle East. The fund brought together private investors as well as several development finance institutions for this operation.
Amethis’s second North African fund is preparing several investment operations over the coming months. It will target entrepreneurs and SMEs mainly in Morocco, Egypt, Tunisia and Jordan with investments ranging from 5 to 15 million euros.
“Amethis Mena Fund II brings a real solution and a deeply entrepreneurial DNA to the development of SMEs as well as a response to succession issues encountered by managers,” said Wilfried Poyet, who heads the team set up to supervise this fund recently. spear.
This first closing of Amethis Mena Fund II comes five months after its first engagement in a micro-irrigation and solar pumping company in Morocco. The fund, which targets a total amount of 120 million euros, announced for July 2022, its final closing with the participation of several investors.
Remember that Amethis Mena Fund II is Amethis’ fifth fund. This vehicle targets a region with “definite development potential” and hopes to help its partners and investors to take advantage of “the growth levers identified” in this zone.