Demey and Rigouzzo’s Amethis aiming for early 2021 closing for MENA Fund II
The North Africa-focused private equity vehicle is expecting its first closing early next year.
03/12/2020 at 07h45, by Aurelie Benoit
“The calculations took longer than expected given the current context, and due diligence could only really resume in September,” explains a source within Amethis. These setbacks have delayed the first closing of the Amethis MENA Fund II, a fund dedicated to the continent’s northern markets. Although no amount has been specified, management hopes to close this first round in the next quarter. Commitments amounting to €20m each have already been secured from the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD). Private investors linked to the Edmond de Rothschild Private Equity platform are also involved, Jeune Afrique Business+ has learned.
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