Amethis Finance Invests in HMAO Group (Sub-Saharan Africa)
Source: Amethis Finance
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has acquired a minority stake in Côte d’Ivoire-based healthcare clinic and laboratory provider HMAO Group. Through this transaction, Amethis supported the management’s take-over of HMAO Group, which was previously owned by Morocco-based business conglomerate Saham. With Amethis’s backing, HMAO intends to consolidate its existing network, develop new services and expand regionally. Financial details of the transaction were not disclosed.