ZEBU INVESTMENT PARTNERS (ZIP) ARE PLEASED TO ANNOUNCE ITS EQUITY BUYOUT OF AMC TRADE FINANCE (AMCTF)
Zebu Investment Partners GP Limited (ZIP) has followed on from its 2020 investment in AMC Trade Finance Limited (AMCTF), through its African Food Security LP (AFS LP), resulting in an equity buyout of the founders, Africa Merchant Capital Limited (“AMC”). AMCTF is a specialist trade finance business that was founded by AMC in 2016 and provides secured and structured trade finance solutions for Africa-focused trade.
Cobus Visagie, Group CEO of Africa Merchant Capital said: “AMCTF has a strong team that we are confident can achieve great success and we look forward to following their continued progress. The sale of the AMCTF subsidiary, allows me and my team at AMC to refocus and reposition its merchant bank offering in the midst of a rapidly changing business environment. With the strong foundations laid over the past 9 years, AMC has proven its resilience and adaptability in its offering to provide corporate finance advisory, as well as other finance and growth capital solutions, for successful mid-market businesses active in Sub-Saharan Africa. We are excited about this market opportunity that AMC continues to serve.
Brian Frimpong, Managing Partner of ZIP said: “We are excited about the opportunity to deepen our support to Africa trade finance, by re-energizing a new management team with deep industry experience to be focused on improving access to finance for SME exports & imports, mainly in the agro value chain. The new management team, led by a seasoned-female, Anne-Marie Woolley, will drive our gender-lens agenda and expand our inclusive strategy to improve market access for growers, aggregators, and distributors.”
Anne-Marie Woolley is taking up the role as CEO of AMCTF. Anne-Marie is a doyen of structured trade finance who has been active on the African continent for almost 30 years. She has previously held a number of leadership roles with International and South African banking institutions and has been an active member of AMCTF’s credit committee for the whole of 2021. She brings with her a wealth of experience and a passion for the trade finance business. Anne-Marie has in her career worked with several team members of AMCTF.
Focusing on impact investments in SMEs in the food security industry, ZIP believes it can make a significant difference in Africa by promoting and financing trade into Africa, out of Africa and in between African economies.
For further information, please contact:
Jordan Minkin,
Investor Relations Analyst
Email: jminkin@zebuinvestments.com
About Zebu Investment Partners
Zebu Investment Partners (ZIP) are a private equity fund manager established to invest in food production and processing throughout the African continent. Managing funds totalling $121m, we focus on creating transformational opportunities for companies along the food value chain to improve and enhance African food production, while bringing investors long-term, above-market returns. Our funds’ focus is on growth equity investments within Africa, including a strong ESG focus.
Further information is available at http://www.zebuinvestments.com/.
About AMC Trade Finance
AMC Trade Finance (AMCTF) provides bespoke, secured and structured trade finance solutions for African focused trade.
Our model is transaction driven, rather than balance sheet focused, and our aim is to dramatically increase the availability of trade finance for inward and outward trade to selected African countries, with a particular focus on Sub-Saharan Africa.
Our methodology requires no changes to standard trade finance bank processes and procedures. We take great care of applying mechanisms to the benefit of both buyers and sellers when structuring our trade finance solution into the client’s existing operations.
Further information is available at (https://www.africamerchantcapital.co.uk/trade-finance/).