Amethis Finance completed their first equity investment by injecting USD 10.5m in Chase Bank Kenya. The investment will go towards strengthening Chase Bank Kenya as the leading SME bank. Further, the bank will continue to develop its retail footprint with the expansion of their network in various counties in the country. Aligned to the devolved government, Chase Bank will nurture SMEs and enhance the economic potential of the new county structure.
Amethis Finance is an investment fund dedicated to Africa, with a total balance sheet at inception of USD 300m. Amethis Finance is led by Luc Rigouzzo and Laurent Demey, and by La Compagnie Benjamin de Rothschild. They have been joined by a large group of private investors combining financial institutions and family offices. Amethis Finance is a “one stop shop” which provides all long-term financial instruments, investing both in debt and equity, with high objectives in terms of development, social and environmental criteria as well as governance.
“The Chase Bank transaction fits perfectly with Amethis strategy to support mid-size fast growing local companies, targeting institutionalization and regional expansion” Amethis Finance official says. Amethis will be present at the board and will support Chase Bank efforts in strengthening its internal organization and accessing an international network. Genghis Capital Corporate Finance, which has developed a core competency in structuring and arranging long-term financing solutions for East African clients, acted as the exclusive financial advisor to Chase Bank.