Ethos Mezzanine Partners III

Malawi, Ethiopia Food and agriculture, Manufacturing

Ethos Mezzanine Partners III, is the third mezzanine fund to be raised by Ethos Mezzanine Partners, the fund manager.

Our investment

Ethos Mezzanine Partners III, is the third mezzanine fund ($150m) to be raised by Ethos Mezzanine Partners, the fund manager. In May 2018, CDC made a $20 million commitment to the $70 million first close of Ethos Mezzanine Partners III.

Expected impact

The fund will be one of the first providers of debt-based growth mezzanine financing in southern and eastern Africa, which will support the development of financial markets. The fund will also support the evolution of mid to large-sized family businesses by providing growth capital and value-add advisory services.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Food and agriculture, Manufacturing
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Ethos Private Equity
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
May 2018
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$20m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
South Africa

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Chibuku Products Holdings Limited Malawi Africa, East Africa Food and agriculture August 2018 Active
Turaco

Turaco operates two companies in the consumer goods sector in Ethiopia. The two companies are HCFM, which makes edible and cooking oils, and Gullele/ZAK, which manufactures soap and household detergents and is branching out into toiletries

View investment details

Ethiopia Africa, East Africa Manufacturing July 2020 Active