Amethis Fund III reaches €140mn first close

Private equity firm Amethis has reached the first close of Amethis Fund III at EUR 140mn. The fund will invest between EUR 25-40mn in mid-sized African companies by targeting majority and minor positions in healthcare, manufacturing & distribution (FMCG, agribusiness), business services (logistics & IT), energy and infrastructure and non-banking financial services. 

The fund aims to raise a total of EUR 450mn by mid-2024 and plans to make co-investments for larger ticket-sized deals.