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Amethis

Amethis

DIJON, France·Founded 2013··amethis.com

Amethis is a French private equity firm founded in 2012, managing over €1 billion in assets. It provides growth capital to promising mid-sized companies across Africa, Europe, and the Middle East, focusing on financial, environmental, and social sustainability.

AUM
€1.4B
Funds
6
vintages 2012–2026
Portfolio
31
Exits
19

Key facts

HQDIJON, France
Founded2013

Recent exits

Novamed
Healthcare2026 · 11yr hold
Merec Industries
Merec Industries
Agriculture2025 · 7yr hold
Naivas
Naivas
Consumer2024 · 4yr hold
WB Africa
Business Services2024 · 7yr hold

Coverage notes

6 funds tracked, 50 portfolio companies (31 active · 19 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

50 companies
Consumer
9 · 18%
Industrials
8 · 16%
Financials
8 · 16%
Agriculture
4 · 8%
Business Services
3 · 6%
MedTech
2 · 4%
TMT
2 · 4%
Logistics
2 · 4%

Funds & portfolio

Every fund Amethis has raised, with its portfolio companies. Hand-checked from public filings.

6 funds
Amethis Fund IIIGrowth
2026 · 0yr€406M5 active

Unrealized

5 held
AdematActive
IndustrialsIvory Coast· Entry 2026
BH Holding
BH HoldingActive
AgricultureMorocco· Entry 2025
· Entry 2025
OCSActive
HospitalityMorocco· Entry 2026
MedTechSouth Africa· Entry 2026
Amethis Europe ExpansionBuyout
2023 · 3yr€150M5 active

Unrealized

5 held
FintechFrance· Entry 2023
Business ServicesFrance· Entry 2025
Fidence
FidenceActive
FinancialsLuxembourg· Entry 2024
TMTFrance· Entry 2022
ConsumerSpain· Entry 2023
Amethis MENA Fund IIGrowth
2022 · 4yr€150M10 active

Unrealized

10 held
FinancialsMorocco· Entry 2023
BBIActive
TMTEgypt· Entry 2024
IndustrialsEgypt· Entry 2025
IndustrialsMorocco· Entry 2023
FinancialsEgypt· Entry 2022
Globex
GlobexActive
LogisticsMorocco· Entry 2022
ConsumerEgypt· Entry 2025
MarcyrlActive
PharmaEgypt· Entry 2023
Netis
NetisActive
TelecomMorocco· Entry 2023
Tiba
TibaActive
ConsumerEgypt· Entry 2026
Amethis Fund IIGrowth
2019 · 7yr€375M4 active · 1 realized

Unrealized

4 held
PharmaSouth Africa· Entry 2021
NMA
NMAActive
AgricultureSenegal· Entry 2021
HealthcareMauritius· Entry 2019
SIBMActive
ConstructionIvory Coast· Entry 2022

Realized

1 exit
Naivas
NaivasExited 2024
ConsumerKenya· Entry 2020
Trade Saleto
Amethis Maghreb Fund IGrowth
2018 · 8yr€120M4 active · 6 realized

Unrealized

4 held
ConstructionMorocco· Entry 2018
MagriserActive
AgTechMorocco· Entry 2021
Tarjama
TarjamaActive
IndustrialsJordan· Entry 2021
Vicenne
VicenneActive
MedTechMorocco· Entry 2016

Realized

6 exits
CFG BankExited 2022
FinancialsMorocco· Entry 2017
Trade Saleto
CMGPExited 2018
AgricultureMorocco· Entry 2015
Secondaryto
Disway TunisiaExited 2023
IndustrialsTunisia· Entry 2015
Trade Saleto
MutandisExited 2018
ConsumerMorocco· Entry 2017
IPOto
SeparatorExited 2020
Business ServicesMorocco· Entry 2014
WB AfricaExited 2024
Business ServicesMorocco· Entry 2017
Secondaryto
Amethis Finance IGrowth
2012 · 14yr€150M3 active · 12 realized

Unrealized

3 held
AfriwaraActive
ConsumerIvory Coast· Entry 2017
BoulosActive
IndustrialsNigeria· Entry 2015
Kenafric
KenafricActive
ConsumerKenya· Entry 2016

Realized

12 exits
CDCIExited 2019
ConsumerCote d'Ivoire· Entry 2014
Secondaryto
Chase Bank Kenya
Chase Bank KenyaExited 2016
FinancialsKenya· Entry 2013
Trade Saleto
Ciel FinanceExited 2022
FinancialsMauritius· Entry 2015
Trade Saleto
Dislog GroupExited 2019
ConsumerMorocco· Entry 2014
MBOto
Fidelity Bank GhanaExited 2021
FinancialsGhana· Entry 2014
Secondaryto
Merec Industries
Merec IndustriesExited 2025
AgricultureMozambique· Entry 2018
Trade Saleto
NovamedExited 2026
HealthcareIvory Coast· Entry 2015
Trade Saleto
NSIAExited 2024
FinancialsIvory Coast· Entry 2015
Trade Saleto
Petro IvoireExited 2018
EnergyCote d'Ivoire· Entry 2013
Secondaryto
RamcoExited 2024
IndustrialsKenya· Entry 2014
Trade Saleto
SodigazExited 2021
IndustrialsBurkina Faso· Entry 2017
Secondaryto
Velogic
VelogicExited 2021
LogisticsMauritius· Entry 2013
IPOto
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About Amethis

Amethis is a French private equity firm with €1.35 billion of assets under management as of December 2024, founded in 2012 and headquartered in Paris with additional offices in Dijon and selectively across Africa. The firm provides growth capital to promising mid-sized companies across Africa, Europe and the Middle East, focusing on financial, environmental and social sustainability themes with the platform positioned as a leading impact-aware emerging markets private equity investor.

Investment thesis

Amethis targets African, European and Middle Eastern mid-sized companies with equity tickets typically ranging from €15 million to €50 million per transaction. Sector focus spans Consumer, Financials, Healthcare, TMT, Industrials and Business Services, with particular depth in financial services and consumer-facing businesses serving emerging market consumer growth themes. The platform's sustainability-aware investment framework integrates environmental and social considerations alongside commercial financial return discipline.

Recent activity

Recent realised exits include Merec Industries (industrials, 2025), Naivas (consumer, 2024), NSIA (financials, 2024), Ramco (industrials, 2024) and WB Africa (business services, 2024), reflecting active distribution across the African and emerging markets portfolio. The platform tracks 6 funds, 29 active portfolio companies and 11 realised exits across the impact-aware emerging markets programme. Detailed buyer names and multiple data available on Pro at €29/month.

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Last updated July 2026 · Sourced from public filings · Report an issue