British International Investment

Amethis Fund II S.C.A SICAR

AfricaCote d'IvoireEgyptMauritiusMoroccoMozambiqueSouthern AfricaEast AfricaNorth AfricaSouthern AfricaWest AfricaCommunications & IT servicesConstruction & Real estateConsumer - HealthConsumer - other servicesFinancial servicesFood & AgricultureManufacturing

Amethis II will provide growth capital to support companies to become national and regional market-leaders, primarily across francophone Africa and East Africa. In helping these businesses improve their processes, institutionalise and expand regionally, Amethis II will continue to prove the case to other investors for investing in medium sized businesses in Africa.

This investment was made when British International Investment was named CDC Group.

Expected impact

Expected impact of investments made between 2012 and 2018. From 2019 onwards, we have published a fuller set of impact information, assessing each investment against six dimensions of impact.

CDC's partnership with this fund is intended to play a key role in strengthening local and regional business ecosystems, both by fuelling economic growth and by building the investment fund infrastructure required to enable long term capital mobilisation into the region.

Environmental and social information

  • Environmental and social summary

    A high-level description of the environmental and social aspects of the investment. This may include a summary of key environmental and social risks identified during environmental and social due diligence (ESDD); key elements of an environmental and social action plan (ESAP); or ways in which we plan to support the investee improve environmental and social standards, such as through their environmental and social management system (ESMS); as well as any other priority areas agreed with the investee.
  • Environmental and social risk

    A risk category rating, which indicates the level of environmental and social risk associated with an investment. For an explanation of the categorisations used, see here. We consistently provide an environmental and social risk category for all investments screened from 2023 onwards.

Environmental and social summary

We continue to support the fund manager in the implementation of its ESMS, particularly in managing risks associated with their investment strategy

Understanding our approach to environmental and social risk (PDF)

Reporting and Complaints Mechanism

The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to reportsandcomplaints@bii.co.uk or by mail. See more details on our Reporting and Complaints Mechanism here.

For any other general enquiries contact us at enquiries@bii.co.uk

  • Key facts
    Last updated

    When the last quarterly update of the website database occurred.
    :
    June 2024
    Project number

    An identifier number shared by investments in the same project.
    :
    D2879
    Status

    The current status of the investment (green flag for active and red flag for exited).
    :
    Active
    Region

    The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.
    :
    East Africa, North Africa, Southern Africa, West Africa
    Sector

    We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.

    :
    Communications & IT services, Construction & Real estate, Consumer - Health, Consumer - other services, Financial services, Food & Agriculture, Manufacturing

    We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.

    For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.

    For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.

    For direct equity investments, this is the date at which British International Investment exited the investment.

    For debt investments, this is the date at which the final debt repayment was made.

    For funds, this is the date at which the fund was terminated.

    For underlying fund investments, this is the date at which the fund manager exited the investment.

    The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.

    For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.

    The currency in which the investment was made.
    Investment type :
    Fund
    Start date :
    March 2019
    Amount :
    $34.16m
    Currency of investment :
    EUR
    Fund Manager:
    Amethis Fund II Management
    Domicile

    The company or investment fund’s place of incorporation.
    :
    Luxembourg

    Download as PDF

    Click here to read our data guidance

Investments made by this fund into companies:

For further information about these companies, visit https://amethis.com/en/home/

Investment name Country Region Sector Start date Status
ASK Gras Savoye Morocco North Africa Financial services June 2023 Active
Avacare Global Southern Africa Africa Consumer - Health September 2021 Active
Best Health S.A. Morocco North Africa Consumer - Health December 2022 Active
Global Corp Financial Services (“GCFS”) Egypt North Africa Financial services June 2022 Active
Groupe Premium Morocco North Africa Manufacturing June 2019 Active
Marcyrl Pharmaceutical Industries Egypt North Africa Consumer - Health March 2023 Active
Merec Industries Mozambique East Africa Food & Agriculture June 2019 Active
Naivas Africa Africa Consumer - other services March 2020 Exited
Netis Holdings Africa Africa Communications & IT services December 2023 Active
NMA Sanders Africa Africa Food & Agriculture January 2021 Active
Rogers Hospitality (VLH Ltd) Mauritius East Africa Construction & Real estate September 2019 Active
Société Ivoirienne de Béton Manufacturé (SIBM) Cote d'Ivoire West Africa Manufacturing March 2022 Active

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