In 2018, Enko Capital Managers invested in Netis through the Enko Africa Private Equity Fund (EAPEF), a private equity fund targeting mid-cap companies across Africa.
Founded in 2009, Netis is a major pan-African telecom infrastructure service provider headquartered in Morocco with subsidiaries in 15 African countries. It offers a comprehensive range of products and services, from maintenance of telecom towers to fiber optics deployment and installation of power and energy saving solutions.
Enko Capital Managers sold its majority stake in the Netis group to a consortium jointly led by two pan-African private equity fund managers, Amethis and Africinvest. The consortium was joined by two leading development finance institutions, Proparco and IFC.
This majority buyout will enable the founders of Netis to unlock new growth levers and keep expanding throughout Africa.
About Enko Capital
Enko Capital group is an Africa-focused asset management firm with over $900min assets under management, and with offices in London, Johannesburg, Abidjan, Kigali and Yaoundé. It notably manages the Enko Africa Private Equity Fund (EAPEF), a private equity fund targeting mid-cap companies across Africa.
About Amethis Finance
Amethis is an investment fund manager dedicated to the African continent, with an investment capacity exceeding €725m. Amethis has been created through a partnership with the Edmond de Rothschild Group. Amethis brings growth capital to promising mid-cap champions in a diversity of sectors throughout the African continent.
About Africinvest
AfricInvest is a leading pan-African investment platform active in multiple alternative asset classes including private equity, venture capital, private credit, blended finance, and listed equities. Over the past 25 years, it has raised more than $2bn to finance more than 200 companies.