June 29 Swiss private banking group Edmond de
Rothschild has raised $530 million for its first
Africa-focused fund, the Financial Times reported on Sunday.
The fund, which will focus on making deals in Africa, will
be managed by Amethis Finance - a company majority-owned by the
Edmond de Rothschild, the paper said. (on.ft.com/1z0gucM)
Edmond de Rothschild would raise dedicated funds for Africa
along with U.S.-based Carlyle Group LP and Dubai's
Abraaj, the daily reported.
Luc Rigouzzo, founder and managing partner at Amethis, told
the FT that the fund would target minority stakes in small to
Edmond de Rothschild and Amethis could not be immediately
reached outside regular working hours.
(Reporting by Esha Vaish in Bangalore; Editing by Sandra Maler)