Enexus acted as M&A advisor to Enko Capital and Netis founders in the sale of a majority stake in Netis Group, a leading telecom network service provider

Netis Group

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.

Enexus acted as M&A advisor to Groupe Sahel in its fundraising with Forafric, leading to a majority stake in a landmark African cross border transaction

Founded in 2011 by Malian entrepreneur Houd Baby, Groupe Sahel has quickly become a key player in cereal processing in the Sahel region. With a production capacity of 600 tonnes per day through its subsidiaries in Mali, Burkina Faso and Niger, the Group is the only player in the region producing in three different countries. Groupe Sahel has drawn on its local roots and experienced management to build strong brands, such as Lafia, its flagship brand in Mali.

This operation combines the local expertise of Groupe Sahel with the century-old know-how of the Moroccan leader Forafric. This new partnership will enable Forafric to expand in West Africa, while strengthening Groupe Sahel’s production capacity and diversifying its product offering. Together, Groupe Sahel and Forafric aim to play a leading role in addressing the  growing food demand in the Sahel. 

About Groupe Sahel

Groupe Sahel is a company founded in 2011 and specialised in the processing of cereals. The Group operates in Mali, Niger and Burkina Faso and aims to expand in other West African countries under the brand LAFIA with its slogan “Feeding Africa together”.

About Forafric

Forafric, founded in 1926, is a leading agribusiness company in Africa with activities in Morocco and sub-Saharan Africa. With 12 industrial units and two logistics platforms, Forafric is the largest milling company in Morocco, producing a complete range of flour and semolina, as well as transformed products such as pasta and couscous. Forafric exports to more than 45 countries. Pursuing ambitious expansion plans in both Morocco and sub-Saharan Africa, the Group is playing an increasing role in fulfilling Africa food security needs.