Amethis takes stake in Moroccan equipment distributor Groupe Premium
Amethis is happy to announce its partnership with Groupe Premium, the leading industrial equipment distributor in Morocco and now present in West Africa.
Family business founded in 1949, Premium has become over the years a major player of the equipment distribution in Morocco in the industry, mining and quarrying, construction and agriculture sectors thanks to its portfolio of leading international brands. Groupe Premium has partnered with more than 50 internationally recognized brands: Liebherr, Linde, Manitou, Bomag, Putzmeister, Sandvik, John Deere and has a demonstrated track record of successful strategic acquisitions in Morocco that have fostered its growth in the last 20 years.
Amethis invests in Premium at a turning point in its development: Premium expanded in Sub-Saharan Africa with the launch of two subsidiaries in Senegal and Ivory Coast in 2013 and 2014 respectively. This geographic expansion accelerated strongly in 2017 with the acquisition from Necotrans of the ATS network that distributes IVECO and ASTRA brands in Ivory Coast, Senegal, Mali, Burkina Faso, Togo and Cameroon. “We are pleased to support Premium’s expansion in francophone Sub-Saharan Africa and to have accompanied the group in the ATS network’s acquisition. We are convinced that the Sub-Saharan expansion will be a success, fostered by Premium’s historic brands’ portfolio, strong technical expertise, high quality of after-sales services and ability once again demonstrated with ATS’ takeover to foster growth with strategic acquisitions.” underlined Jean-Thomas Lopez, Portfolio Manager at Amethis.
“We are happy to partner with Amethis. This investment will allow us to benefit from our partner’s strong experience in Sub-Saharan Africa and from a strengthened capital base to accomplish our strategic vision: become a panafrican leader in B2B equipment distribution.” declared Eric Lefort, CEO of Groupe Premium.
Created in 2012 by Luc Rigouzzo and Laurent Demey, in partnership with their Edmond de Rothschild Group, Amethis is composed of experienced investors who dedicated their careers to long-term investment and advisory services on the African continent. Amethis positions itself at the center of a network of investors, corporates and public and private financial institutions, sharing a reputation of professionalism and integrity. Source: AVCA