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 |
Ethiopia | Africa, East Africa | Manufacturing | July 2020 | Active |
