Amethis Finance and PCM Capital Partners Complete a Follow-on Investment (Sub-Saharan Africa)
Source: Amethis Finance
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, and private equity fund manager PCM Capital Partners (PCP) have completed a follow-on investment through a capital increase and convertible bonds in Côte d’Ivoire-based oil and gas distributor Pétro Ivoire. The Kadio-Morokro family, the family of the company’s founder, also participated in the transaction. PCP structured its contribution through its West Africa Emerging Markets Growth Fund. Financial details of the transaction were not disclosed.